Summit Trading @Summit_Trading

trader of futures, equities and options using various methods including market profile since before the algo's and Fed took control Joined January 2010

Tweets

8K
Followers

747
Following

500
Likes

4K

Summit Trading @Summit_Trading

a month ago

interesting start for August, coming into July low... immediately $SPX $SPY $QQQ #ES_F #NQ_F

0 0 0 128 0

Download Image

Summit Trading @Summit_Trading

2 months ago

look like $SPX could be approaching the potential local top for at least the summer just under 6400 @HenrikZeberg

1 0 6 1K 2

Download Image

Summit Trading @Summit_Trading

8 months ago

I am sure you already saw this @HenrikZeberg , the critical credit spread just made new high of year ... increasing recession forecast

12 16 121 26K 18

Download Image

Summit Trading @Summit_Trading

9 months ago

@menlobear @HenrikZeberg we all should be on alert with the potential credit spread issue that @HenrikZeberg is focusing on that can warn of the beginning of the recession. the current move is similar to the 1980's and a little higher off zero has always been a recession.

0 2 4 434 0

Download Image

Summit Trading @Summit_Trading

9 months ago

For the #BlowOffTop that @HenrikZeberg has predicted ($SPX 6200-6400), this chart shows the max time frame ahead before those levels in 1Q25. However, that blow off top is likely to burst above that top line so could be sooner ... in December or January $SPY $QQQ #ES_F #NQ_F

8 22 154 23K 43

Download Image

Summit Trading @Summit_Trading

10 months ago

It appears $SPX has hit a resistance level / #MarketTop looking back more than a year. It certainly can surge above this into a temporary #BlowOffTop mode. If it turns into a simple pullback, then 5500+ could be a support level. $SPY $QQQ #ES_F #NQ_F

1 0 0 501 0

Download Image

Summit Trading @Summit_Trading

a year ago

There has not been an "further up day" after the open on Thursday since June, will today be different ? $SPY #ES_F $SPX $QQQ #NQ_F

0 0 1 363 0

Download Image

Summit Trading @Summit_Trading

a year ago

if this super steady 'drift down' keeps going, would you expect a 'flash crash' before the close ? $SPY $QQQ #ES_F #NQ_F $SPX $NDX

0 0 1 323 1

Summit Trading @Summit_Trading

a year ago

Thursday selling has been kicking in hard on the $QQQ for the past month. #NQ_F $SPY #ES_F $SPX $NDX

0 0 0 280 1

Download Image

Summit Trading @Summit_Trading

a year ago

The BIG market reversal up at the end of May for $SPX delivered at 6.4% rally from that low in June. Will last Friday's BIG reversal at the end of June deliver it right back to that... or even lower as some forecast? $SPY #ES_F $QQQ $NDX #NQ_F

0 0 0 332 0

Download Image

Summit Trading @Summit_Trading

a year ago

I thought that the $NVDA earnings might set the top of the year for the indexes with everything else selling, but it took another duplicate Thursday selling a week later to imply that for now. $SPY $SPX $QQQ #ES_F #NQ_F

0 0 0 240 0

Download Image

Summit Trading @Summit_Trading

a year ago

looks like $NDX $QQQ #NQ_F most overbought of 2024 thanks to both kinds of 'Jobs'

0 0 0 137 0

Download Gif

Summit Trading @Summit_Trading

a year ago

Traditional Friday Liquidation on #OPEX as expected during a down trend, I wonder if the CTA's have bailed out on enough yet for the short term at least. Worst week in a very long time. $SPY $SPX #ES_F $QQQ $NDX #NQ_F

0 0 0 199 0

Download Image

Summit Trading @Summit_Trading

a year ago

It's a very big question going into today with most expecting an initial rally with WWIII on hold, but will it hold? Traditionally would expect an afternoon "Friday Liquidation" given the recent trend. $SPY $SPX #ES_F $QQQ $NDX #NQ_F

0 0 1 163 0

Download Image

Summit Trading @Summit_Trading

a year ago

I didn't expect more selling after yesterday, but the market was surprised at the Powell pivot back to a hawk. It would be helpful if he was more consistent with the data that is in his face all the time. Getting lots of hard down days lately $SPY $SPX #ES_F $QQQ #NQ_F

0 0 0 132 0

Download Image

Summit Trading @Summit_Trading

a year ago

the size of these moves is getting ridiculous given the 'news' driving them ; some might think it's indicating the top is in place for the time being for $SPY and $QQQ $SPX #ES_F #NQ_F

0 0 0 96 0

Download Image

Summit Trading @Summit_Trading

a year ago

a $SPY selloff on #OPEX Friday continues. Has only been one "UP" #OPEX Friday since November rally started. This seems to indicate liquidation of calls on #OPEX expiration dips the market back down, even though the collection of those lifted it earlier in the week. #ES_F $SPX

0 0 0 269 0

Download Image

Summit Trading @Summit_Trading

2 years ago

$SPY is back to closing on Friday right near Thursday close, it did that a lot in 4Q2023 and January this year $SPX #ES_F

1 0 0 105 0

Download Image

Summit Trading @Summit_Trading

2 years ago

$QQQ had it's largest move up in one day since February 2, 2023. Will be very interesting to see if it can hold it or will revert as #BLOWOFFTOP #NQ_F