Nasdaq Breaking highs! Entryy??It looks like NQ should break the weekly highs here and it should be looking backwards be a strong push ahead but because of the current market conditions this could simply be a liquidity grab before going back downwards especially if interest rates are raised next quarter.
Would I swing here for the long run? Absolutely not! Wait for some kind of a confirmation for long term entries. Super risky to hold if you're up. At least take partials if you are.
Day traders and short term swing traders should in my opinion, have a bullish bias to start this week and look for bullish entries if given any retracement + entry signals according to your strategies.
That's what I see, what do you guys think?
(Reason for current bullish move: Ease on interest rates, declining USD and golden zone fib retracement, "historically" showing upwards momentum after so there should be many buyers in the market.)
Mnq
Nasdaq Next Short Oppertunity MNQSo after yesterdays rip that was projected on our previous anaysis we also hit the resistance target and reversed as projected. As usual bullish news doesn't change how much money is available and willing to be spent on the market and often times just moves price to a projected sell wall faster and is followed by longer consolidation.
The short move to the downside posted last night has been very very good BUT like each move in the market it is countered by a full on reversal or a partial retrace and continuation.
Currently targeting the retrace and continuation to the down side the real question is at what level should we start making attempts to reenter.
This is a 4hour chart and looking at past price structure and golden pocket retrace area IF IF IF price is able to brake above point A of ABC to the upside into the golden pocket would be an idea place to look for a reentry to the short side.
As far as short targets go we are keeping an open mind and waiting to see at what level price reverses and is clearly headed back down but will certainly post our projections.
Nasdaq Already At Resistance?As projected in our previous chart the Nasdaq has seen quite a rip to the upside but like all good things it must eventually come to an end.
Looking at the 4hr chart for MNQ we can see price has completed a perfect ABC measured move ending right high time frame resistance with overbought oscillators starting to show divergence on smaller time frames.
Being we are technically in a macro down trend this current rally should be thought of as a bull rally in a large downtrend. It is likely that price will trade in this range for awhile before making a decision to continue to the down side or give a clear reversal for new highs.
Personaly I am targeting the down side as price has already made its way back up to high time frame resistance, has completed a full ABC measure move retrace, oscillators are reaching over bought on medium time frames with divergence developing on the small time frames.
While we may not shoot straight down for new lower lows a retrace of our current pump is in order at a minimum.
Currently targeting the 15400-15420 area for a short entry postion back to the 15100-200 area and looking for a bounce for a possible lower high and more continuation to the downside.
Trade Well.....
Nasdaq Ready For Push Up?Looking at the nasdaq futures market we can see price has been down trending for approximately the last month.
While this down trend will probably continue a significant squeeze / retrace of the trend at some point should be expected. The question is when would we expect to see this correction.
This is an hourly line chart on the log scale for micro nasdaq futures "MNQ" and we can see price is currently approaching a significant level of support.
The last local push down has a very impulisive 5 wave structure to it causing a falling wedge to form with a potential reversal point right at our significant support level of $14,850.
Given a clear reversal signal at this level a retace of the current down swing will be likely with two significant levels above to watch for a reversal and continuation to the downside for potentialy much lower prices.
As price has been dropping it has formed a descending channel with a target area from our current level at the 15-15100 area. Also measuring from the top of the swing to this potential bottom the 50% retrace level at 15,350 is lining up very nicely with what would create a much larger head and shoulders pattern.
Trade Well.................
NDX/NQ/MNQ Pre-Market and Week OutlookAs we sit right now it looks like the NDX might gap on the open.
I'll be live trading streaming this week so tune into that, also update idea as week unfolds.
If we start on the upside the zone what we're watching is the August 2022 4D key level at 13,639.
A reach for the market would be the 4D extreme zone between 13,900 and 14,100 or so.
On the downside we see the obvious day momentum checks and bias checks as well as key levels and gaps.
One key area is the significant high anchored vwap at 12,918, if that gets tested and holds anticipate the highs will be breached.
Below that around 12,500 to 12,000 is the four day reaction zone which aligns with key reaction zones on the daily.
Should be obvious how to trade this week with these key reaction zones identified. wait for confirmation and trade for the RD 4-chart patterns.
Marlo's Going To Hell NQ Swing Strategy I know it's so simple you can't believe it! Is it magic? Is the Devil running the Stock Market!?!
Nope, what you're seeing is the all-pervasive 50% Principle in action!
www.investopedia.com
"It states that if an asset drops after a price increase, it will lose between 50% and 67% of recent price gains before rebounding. "
So over any given range, the retrace will test the thirds for support and resistance. NQ counts in the thousands so xx666.00! You'll see similar across smaller TFs and ranges as well using 33.34% and 66.67% retraces.
NQ Reverts Off 618 Support ($11,6389)If you are short, stay very cautious.
This base/bottom in the NQ may be the start of a breakout rally phase after months of consolidation below a strong downward sloping trend line.
Far too many people are failing to understand the market dynamics at play right now. Shorts are getting slaughtered as the reversion/reflation trade is happening.
Follow my research. This is just getting started.
MNQ struggling to break resistance. Launchpad setting upIf you trade the MICROS, like me, then you'll want to be cautiously aware of a key Flag/APEX pattern setting up in the MNQ.
Any breakout above the PURPLE resistance channel may prompt a strong upside price rally after February 12th or so.
Pay attention to the volatility over the next 10+ days as the ES/NQ/YM are likely to struggle and become wildly volatile as price attempts to break free of the downward trend channels.
If you have not been following my research, please check out my other TradingView posts and other resources.
The next 5+ years are going to be very surprising for traders/investors.
Get ready for a Wave-5 rally.
NQ/MNQ Futures Reaction AreasOn this chart are the reaction areas for the NQ, MNQ, NDX at least for the first part of the week.
I wanted to release this before the Sunday open because it might help for the overnight session.
All levels or areas have short descriptions.
I published this on a 30m chart (structure) because it really provides a good mix between my standard intraday (5m) timeframe and the 60m golden timeframe.
What is clear here is the zone between 12,000 - 12,9000 doesn't provide many high-probability reaction areas.
As usual, the focus for the week should be momentum and how well that is being held up, especially given the close on Friday. It was clear the market wanted to recapture the weekly open and it did just that.
Any downward move has to find support at some key reaction zone; otherwise, sentiment will shift against a continued upside move.
11,100 or so, really that key battle zone. If the price gets here and how it reacts will be key. Watching how the 60m momentum and bias hold LONG will be key going into the first few days of this trading week.
As far as known news events, Thursday is the big day. So as the week develops, plotting where Thursday wants to test and close will be key. I'll update this idea as we go along this week.
Nasdaq micro futures attempting a 1hr chart double bottom?1 hour chart can be unpredictable but as of now it looks like this pattern wants to validate. Of course market closing in 11 minutes will postpone it from happening before close most likely, and a retest if the neckline is always a good possibility. *not financial advice*
Weekly Analysis 10th Sept 2022 - Nasdaq 100 #NQ #MNQ Week close on 12592*
* Strong Bullish on Daily chart , bullish engulfing candles on weekly and under construction Hammer on Monthly.
* A strong Trendline resistance coming up on 12600 along with RSI at 48. very crucial to break above 12650 and sustain to maintain bullish stand. with RSI, Volume and Trendline resistance Fridays move looks like an Bull Trap. Mondays close will dictate the further course of action.
Outlook for next week neutral. Monday will dictate the direction for the week.
Silver Lining for the previous week. appl: Bullish divergence and Tsla closed above 200DMA.
Outlook for monthly Neutral to Bearish.
S1: 12600 S2: 17250 S3: 16950
R1: 12300 R2: 12000 R3: 11900
A big short squeeze expected if we get daily close above 12800.
NDX on do or die levels
SMA 180 Weekly is the crucial support for the NDX. On the positive side if bulls manage to save the last frontier of 11539 -11031 range we can see the bull market like previous multiple instances but if we get a close below 11500.
on weekly chart we will witness a freefall.
2001 (-64%) and
2008 (-41%)
once bitten Twice shy NQ analysis The NQ has bounce back from the lows with a good price action and with a reducing volumes its human psychology which has more of weightage of emotions of recent past "once bitten Twice shy".
We need to remember this is a bear market and in near to bottoms there is always chaos.
so trade with the strict stoploss and time to reduce the position size. let the price and volume dictate the future action plan.
trade safe " Money not invested in turbulent market is Money earned"
MNQ touches 100ma with daily hanging man candleWith crypto markets being hyped up claiming the bottom is in, the US tech market tells another story. First we have been under the 100ma on MNQ on the daily for 200 days which is a very significant period of time compared to NASDAQ's complete history from day 1.
Step back and think about this also, Joe Biden is the president and the democrats have proved to continue to create a bigger bear market with US politics. This is a healthy correction that is needed before the next bull run starts.
If you are smart you will continue looking for shorts even if your bias is fully bullish right now, find some low risk entries on shorts this week because if we bounce off the 100ma, it's going to be a pure dump.
In my analysis I would like to see a price target of 12,000 hit this week.
MNQ Volume Price Analysis After Feds Raised Rates | 1hr + KT'sThe market makers were in clear control of the news stop hunting both buyers and sellers within the same hour. After a long legged doji with ultra high volume printed, a huge Bearish Kangaroo Tail prints with high volume. The next few candles were confirming further weakness at the top with narrow spread candles and a baby Bearish Kangaroo Tail with volumes getting lower. After volume dried up, it was clear that buyer momentum was done and the distribution phase was coming.