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I Made a Bold Call Which Resulted In A 1500+ Tick Intraday Nasdaq Sell-Off

Writer's picture: Anthony SpecialeAnthony Speciale
Speciale Analysis

Hey Trader,


Embracing Your Moment to Shine in Your Trading Journey


As you navigate the exciting and challenging world of trading, I wanted to share a verse that encourages you to recognize and embrace your potential:


"Arise, shine, for your light has come, and the glory of the Lord rises upon you."

  • Isaiah 60:1


In the dynamic environment of trading, it is essential to acknowledge the unique strengths and opportunities that are before you. This verse serves as a powerful reminder that your moment to shine has arrived. With the glory and support of a higher power, you are equipped to rise and make the most of your potential.


Let this verse inspire you to approach your trading journey with confidence and enthusiasm. Embrace the light within you and let it guide your decisions and actions. With the glory of the Lord rising upon you, there is no limit to what you can achieve.


Wishing you illumination, confidence, and success in all your trading endeavors!


Be Relentless In Pursuit Of The Will 

Which God Has Set Upon Your Heart,

Anthony Speciale



I Made a Bold Call Which Resulted In A 1500+ Tick Intraday Nasdaq Sell-Off


Anthony Speciale here with Hawkeye Traders. I hope you're having a phenomenal day.


I want to share with you a bold call I recently made and the outcome that followed.


This isn't just about showcasing a successful trade, but rather about understanding the principles that led to this decision, which you can apply to your own trading strategies.


Setting the Scene


While trading LIVE with a group of traders, I saw a significant opportunity in the market.


It was around 10:55 AM on 7/30/24, just before I stepped out of the office for the day.


I shared my insights, suggesting that the NASDAQ and the S&P could continue to move lower based on the current market evidence offered.


Now, let me walk you through exactly what I saw, why I made this call, and the subsequent market movements.


The Analysis


Volume and Price Action


This isn't about an ego stroke or boasting. It's about leveraging 13 years of studying volume and price action with the assistance of Hawkeye Volume Based Tools.


These tools help in analyzing, interpreting, and creating expectations based on volume.


As I made my statement at 10:55 AM, here's what the market looked like:


  • Floor Formation: The price had formed a floor, failing to close below it initially, but eventually breaking through.

  • Volume Dynamics: We saw an increase in selling volume, followed by a slight decrease, possibly due to profit-taking. However, there was no new significant buying volume, indicating a lack of aggressive buyers.

  • Sellers Stepping In: With no new aggressive buyers stepping in, the sellers took control, leading to a significant price drop.


chart

Execution and Outcome


At 10:55 AM, I told the traders that if the market couldn't get back above the key level, it was likely to continue lower.


The evidence was clear: no new aggressive buyers meant the market would NOT go higher.


Here’s what happened next:


  • Market Movement: From the point of my call, the market fell significantly. We saw a drop of around 1,576 ticks by the closing bell.

  • Profit Calculation: This movement translated to approximately $7,880 per contract, at a $5 per tick value.


Key Takeaways


  1. Understanding Aggression: The market moves based on aggressive participants. Without aggressive buyers, the market can't go higher.

  2. Volume Interpretation: Analyzing volume can provide insights into market intentions, helping you make informed decisions.

  3. Hawkeye Tools: Utilizing Hawkeye volume tools can significantly enhance your market analysis, making it more achievable to predict market movements.


Invitation to Learn More


For those of you who aren't yet using Hawkeye tools or don't fully understand the interaction between volume and price action, I'd like to invite you to a training webinar.


I'll explain these concepts in detail and show you how to apply them in your trading.


You can join the webinar by clicking the link below. Bring a piece of paper and a pen, take notes, and feel free to reach out with any questions. Our team is here to help you!



Trading isn't about being right all the time; it's about understanding the market and making informed decisions based on evidence.


Let's work together to improve your trading strategies!


Speciale Analysis


Trading can be a rewarding career once you master the necessary skills.


Understanding volume and price action provides clarity in a cluttered market, leading to consistent and profitable trading.


I am passionate about helping other traders achieve success, and I look forward to seeing you in the training webinar.


Click here to join the training webinar and start your journey towards mastering volume and price action.


Thank you for your time, and I look forward to seeing you succeed as a trader.


Stay informed, stay focused and stay disciplined ! ! !



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!



Happy Trading,

Speciale Analysis



Anthony and Anna Speciale

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

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