2000+ Tick IntraDay Nasdaq Reversal Identified By Volume Climax

Hey Trader,

Finding Guidance and Security in Your Trading Journey

I hope this email finds you well. As you continue to navigate the ever-changing landscape of trading, I wanted to share a verse that offers comfort and assurance:

"I am the gate; whoever enters through me will be saved. They will come in and go out, and find pasture."

John 10:9

In the world of trading, where uncertainty and risk are constant companions, it’s important to remember that there is a source of guidance and security that transcends market fluctuations.

This verse reminds us that through faith, we can find a safe passage, where we are not only protected but also led to places of abundance and peace.

Let this verse inspire you to approach your trading journey with a sense of security and trust.

Know that as you seek the right path, you will be guided and provided for, finding the opportunities that align with your goals and values.

Wishing you guidance, peace, and success in all your trading endeavors!

Be Relentless In Pursuit Of The Will

Which God Has Set Upon Your Heart,

Anthony Speciale

Is The Oil Price Collapse Finally Over?

Oil prices have surged by 2% today, driven by escalating tensions in the Middle East and growing concerns about global supply disruptions.

For traders, this volatile environment presents both challenges and opportunities, as the market responds to a rapidly changing geopolitical landscape.

The current unrest stems from a series of high-stakes events, including Israel's assassination of key Hezbollah and Hamas leaders in Beirut and Tehran.

These actions have significantly raised the geopolitical risk premium on oil, with market participants bracing for potential retaliation from Iran.

Such developments have historically led to sharp increases in oil prices, making the current situation a potential windfall for those positioned correctly in the market.

In response to these tensions, traders have been actively hedging their bets.

More than 300,000 Brent call option contracts were traded in a single day, marking the highest volume since Israel's April attack on the Iranian consulate in Damascus.

This surge in activity is a clear indication that market players are anticipating further price increases, particularly with call spreads set between $87 and $90 per barrel for the October contract.

The market’s implied volatility, which had been relatively stagnant, has also seen a notable uptick, signaling increased uncertainty and potential for profit.

This strategic shift among traders reflects a broader market sentiment that is increasingly skewed towards a bullish outlook on oil prices.

With option skews now favoring call options, the market is clearly positioning for a potential upward movement in oil prices, driven by the unpredictable nature of the ongoing Middle Eastern conflict.

However, the current market landscape is not without its risks.

Hedge funds and money managers have turned bearish on commodity futures for the first time since 2016, spurred by fears of an economic slowdown and weakening demand from China.

This shift has resulted in a net short position across a basket of 20 raw materials, reflecting a broader market pessimism that extends beyond just oil.

Despite this, there are glimmers of hope for a market recovery.

Saudi Aramco, the world’s largest oil producer, has turbocharged demand expectations for the second half of the year, projecting an increase in oil demand of 1.6 to 2 million barrels per day.

This optimistic outlook, coupled with potential supply disruptions in Libya and ongoing Middle Eastern tensions, could inject some bullish momentum back into the market.

For retail traders, the current market environment offers a unique opportunity to capitalize on these developments. But navigating such volatile waters requires more than just gut instinct—it demands a deep understanding of market dynamics and a well-informed strategy.

Why You Need Professional Guidance Now More Than Ever

The oil market is at a crossroads, with significant profit potential for those who can correctly interpret the signals.

However, the volatility that creates these opportunities also brings considerable risk. This is why professional guidance is crucial.

To help you navigate these turbulent times, we are offering an exclusive Training Webinar designed specifically for retail traders.

This webinar will equip you with the insights and strategies needed to make informed decisions, hedge effectively, and maximize your trading profits in unpredictable markets.

Register NOW to secure your spot in this high-impact session.

The knowledge you gain could be the key to unlocking substantial profits in the current market environment.

Don't miss out on the opportunity to turn market volatility into trading success!

Learn More: Get Involved

If you’re interested in learning more about the analysis and strategies I use to navigate the markets, I invite you to check out products and services traders are using to grow.

Whether you’re a seasoned trader or just getting started, we provide valuable insights, live access to our trading rooms, and educational resources to help you succeed.

Stay informed, stay focused and stay disciplined ! ! !

For market insights, live sessions, and detailed analysis, consider joining our family.

Thank you for reading, and I look forward to seeing you in our next session . . .

God bless, and have a wonderful day!

If you have any questions or need further guidance, please don't hesitate . . . info@specialeanalysis.com May the markets be ever in your favor!

Join the Speciale Analysis Family of Traders and Take Your Trading To New Heights

Happy Trading,

Speciale Analysis

About the Author:

Anthony Speciale is a seasoned market analyst with over 13 years of experience trading. Through his platform, Speciale Analysis, he offers in-depth market analysis, interpretation, and expectations designed to help all types of traders, at every skill levels reach their full potential.

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NOTE: Trading involves significant risk, and it's essential to approach it with a well-defined strategy and a disciplined mindset. This blog post is intended for educational purposes and should not be considered financial advice. Always conduct your own research and consult with a professional before making an financial decisions. For further risk related information, please refer to: www.specialeanalysis.com/disclaimer

8/7/24 AM Session: 2 Trades, Some Profits, Both Stopped Out

Here's How Trade #1 Played Out:

Initial Entry Short w/ 30 Contracts: 74.75
First Profit Target: 74.50 (1/3 of the position, advance stop to entry) +$2500
Final Exit: 74.70 (remaining 2/3 of the position) +$1000

GAIN: $3,500 - Fees

Here's How Trade #2 Played Out:

Initial Entry Short w/ 30 Contracts: 74.58
First Profit Target: 74.34 (1/3 of the position, advance stop to entry) +$2400
Final Exit: 74.45 (remaining 2/3 of the position) +$2600

GAIN: $5,000 - Fees

⬆ I left my LIVE trading clients with the opportunity to capture 55 Ticks on Crude Oil. ⬇

Hey Trader,

Overflowing with Hope and Confidence in Your Trading Journey

I hope this email finds you well. As you continue to navigate the ups and downs of the trading world, I wanted to share a verse that brings encouragement and optimism:

"May the God of hope fill you with all joy and peace as you trust in him, so that you may overflow with hope by the power of the Holy Spirit."

Romans 15:13

In the midst of market fluctuations and uncertainties, it's easy to lose sight of the bigger picture. This verse reminds us that by trusting in a higher power, we can experience a profound sense of joy, peace, and hope that sustains us through every challenge.

This hope not only strengthens our resolve but also empowers us to approach our trading decisions with confidence and clarity.

Let this verse inspire you to trust in the process and to maintain a hopeful outlook, even in difficult times.

With joy, peace, and hope filling your heart, you can face the markets with renewed energy and optimism, knowing that you are guided and supported.

Wishing you joy, peace, and success in all your trading endeavors!

Be Relentless In Pursuit Of The Will

Which God Has Set Upon Your Heart,

Anthony Speciale

2000+ Tick IntraDay Nasdaq Reversal Identified By Volume Climax

Welcome, fellow traders! Anthony Speciale here with Hawkeye Traders. As a retail trader, you know that the opening bell often sets the tone for the day.

This morning, the NASDAQ 100 provided a textbook example of how understanding the relationship between volume and price action can lead to successful trades.

In this blog post, I’ll walk you through the key moments from this morning's session, highlighting a massive volume climax that set the stage for a significant selloff.

JOIN THE TRAINING WEBINAR NOW

The Opening Bell and Volume Climax

At 9:30 AM Eastern Standard Time, the U.S. market opened, and immediately, we saw a substantial spike in volume—what we call a "volume climax."

This type of spike is critical because it often indicates a potential shift in market direction.

Specifically, I was focused on the 9:30 AM candle on the NASDAQ 100 Futures, highlighted by our Hawkeye Wide Bar indicator.

This wide bar, colored in magenta on our charts, signaled the presence of ultra-high volume, a key indicator that something significant was about to happen.

The high of this candle was 18,540.75, a level that the market repeatedly tested—five times, in fact—before ultimately collapsing.

The Significance of the 15-Minute Chart

As an intraday trader, you might typically reference a 4-hour or 60-minute chart for overall market direction.

From there, you might zoom into a 30-minute or 15-minute chart, and then finally dial down to a 5, 3, 2, or 1-minute chart depending on how aggressively you trade.

In this case, the 15-minute chart was particularly telling.

The volume climax that occurred at the opening bell was fully respected by the market throughout the morning session.

Despite multiple attempts to break above the high of that initial wide bar, the market couldn't do it.

This failure to follow through on the buying volume was a clear signal that a selloff was likely.

Over 2,000 Ticks of Opportunity

What happened next was dramatic but not entirely surprising if you understood the relationship between volume and price action.

After failing to break above the high of the opening candle, the NASDAQ 100 Futures began a steep decline, resulting in a drop of over 2,000 ticks.

This kind of move represents a significant opportunity for traders who were paying attention to the signals provided by volume.

The aggressive intention of buyers at the open, followed by their inability to push the market higher, was a clear indication that the momentum had shifted to the sellers.

Why Volume and Price Action Matter

The key takeaway here is the importance of understanding the relationship between volume and price action. Volume is often the only precursor to what price is likely to do next.

By paying attention to volume climaxes, like the one we saw this morning, you can gain an edge in predicting market direction.

This concept is critical across all asset classes and timeframes.

Whether you’re trading stocks, futures, forex, or cryptocurrencies, understanding the intention behind market moves—whether driven by buyers or sellers—can dramatically improve your trading outcomes.

Take Your Trading to the Next Level

If this type of analysis interests you, I’d like to invite you to join me in a training webinar where we’ll dive deeper into this relationship between volume and price action.

During the webinar, we’ll explore how this concept applies across different markets and timeframes, whether you’re a scalper, day trader, swing trader, or position trader.

Once you’ve grasped the concept, we’ll also walk you through installing the Hawkeye volume indicators on your trading platform.

These tools are compatible with TradeStation, TradingView, NinjaTrader, and MetaTrader, making it easy for you to apply what you’ve learned to your own trading.

In addition, you’ll gain access to the Hawkeye Volume Mastery Series, a comprehensive educational resource that will help you continue learning at your own pace.

Our team will be there to support you every step of the way.

Join the Webinar

Don’t miss this opportunity to deepen your understanding of the market and improve your trading skills. Join me in the training webinar by clicking the link below.

I look forward to seeing you there and helping you take your trading to the next level!