Mnq
NAS100 - small Time Frame Buy Pressure Zone 😊Simple, we like to see price drop for us to add to our long positions
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Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
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Five Minutes On A 5m Futures Strategy (5 Thirty-Four)In tonight's fall back, daylight savings edition of the Futures Outlook, I revisit briefly a trend trading futures strategy I've named the 5-Thirty-Four. The ingredients are a 5 minute candle and a 34p EMA. Add a dash of VWAP bands and you've got everything you need. Then I look at the ES channel that's been in place for the past month that gives us a potential extension this week to 4740.
Be sure to check the links below the idea for how you can learn the 5-34 strategy in a risk-free demo/paper account in the live stream TDG ProTrading Room.
Stay Green and Trade Like You Mean It!
NAS100 - can we see a fall? Buy Pressure Zone 😊Technical Overview: - MNQ
We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :)
Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that.
Wait for dips if they happen don't chase the market :)
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
NAS100 - small Time-Frame Buy Pressure Zone 😊Technical Overview: - MNQ
We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :)
Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that.
Wait for dips if they happen don't chase the market :)
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
NQ - Micro TFNQ filled it's Gap during Globex.
Close for RTH @ 15611.
Prior to Asia opening Price moved up to a Front Run of the Intra-Day 50%
@ 15637.50 by 6 Ticks.
ES YM RTY sell bias at present 21:10:22 PM EST.
VIX, although dipping in 4 Ticks below 18.15 caught the Bid.
It's going to be a long night for traders until this breaks, probably near 03:30:00 AM EST.
It remains a hot mess of a market, desperate attempts were made today to keep the range
within 100 and they did.
BUT - watching 1,000 ES Contracts fly by on the SELL during the closing minutes... not healthy.
See if they can cross the 537.50 level this evening... 526s are now open for Business.
Futures | Why I Got Long All The Stock Indices on an UGLY CloseThe stock indices all broke below the prior sessions lows to make new lows for the week. But I noticed a few signs that made me pick up some micros long (MES, MNQ, KYM, M2K) right before the 5pm EST close.
Long MES 4385
Long M2K 2152
Long MYM 34822
Long MNQ 14827
$150 risk per position
QQQs @ 386 and NQ Equivalent Highs aheadThe Chart illustrates both the potential Target for the QQQs high from a positive Draw
as well as the convergence from the Negative draw.
Where would this leave the NQ?
15,755 ~
Something to consider as the prior Squeeze ahead of the Algo's level for Sell Scale to
Open began a 500 point vertical move @ 4:02PM EST.
It created the largest Gap and Trap in Globex History.
And it promptly sold off off that evening and into the following session and continued
down significantly.
History will repeat, this is my sell level for NQ/MNQ - We will be scaling in from 15,500
to the target.
Macro Perspective - TechnologyAn increasing level of concern is rising within the Bond, Equity and Real Estate Complexes or Markets.
I prefer Complex as each "Market" has a number of entities using their control mechanisms.
The Equity Complex has a number of headwinds approaching for Technology (NQ). Yields, specifically the 10Yr Treasury Note
has been a reliable Instrument for an Inverse or Negative Correlation. 10Yr Yields rose Friday 4.6%
In addition, we want to observe the Long End of the Yield Curve flattening - this is a warning sign, one which proceeds corrections.
Technically, the most recent reversal has seen poor breadth within NQ. The majority of the rise have been driven by the usual
narrow Big Cap, heaviest weighted Equities. AAPL, GOOG, AMZN, FB, MSFT - NVDA provided most of the gains for Index.
Unusual option activity has been on the rise as well, favoring large and often extreme positions for downside. One Trade amounted to $40Million in QQQ 340 Puts.
The NQ has repeatedly created a large squeeze prior to a reversal, the last thrust higher pushed up 500 points late in the day only to collapse the following day, giving up all of its gains.
IMHO, something is brewing which will be extremely bad for the NQ. There are a number of vectors for it see a large correction. Earnings will be led by share buy backs, Co2 Credits and a host of other accounting manifestations, but Gross Revenues should be less than optimal for a sustained uptrend.
The "Delta" variant may encourage some traders to position for increasing "growth" initially - this is not March of 2020.
Taiwan is at risk on a number of fronts. This would clearly be a large negative for Semiconductors. I do believe this will play out as there is an increasing number of large entities seeking to follow Apple's lead with their RISC Architecture and begin using their own Chipset Designs and Architecture. MSFT announced this some time ago. Google continues to reduce MSFT Office's market share with Google Docs. Windows 11 is a clear signal MSFT is changing their strategy after having announcing Win 10 was it.
The concentration of Chip/Chipset fabrication in Taiwan presents an imbalance globally and with it the attendant risks.
China is one, Water is another and there are a more. Japan has recently sworn to defend Taiwan as they are wholly dependent on Semiconductors for almost everything they manufacture.
The US has conducted multiple Naval exercises in the South China Sea for years. IS something brewing there? I do not know, but do believe there is an inherent risk well advanced with respect to Taiwan. There is little the US can do to prevent China taking back Taiwan IMHO.
I favor a Geopolitical Event inducing this correction, one that occurs after hours during GLOBEX and not RTH.
Europe is well advanced in declining Economic activity. The pace of Economic growth in China has slowed. The US reopening trade has been one of confusion, mistrust and one foot our the door.
If traders review Samsung in 2019 and their decline in Gross Revenues, we are witnessing the same event spreading once again.
Inflation changes purchasing decisions, substitution effects begin to take place.
There is much more, but I will condense this in now: I expect Tech to see a large correction later this month. I expect a number of Monthly Red Bars for a number of Indices.
I will discuss the ES YM RTY and Bonds in upcoming posts. I do believe the Russell 2000 and tech will lead the Indices down soon.
Perhaps August - November contracts will serve us well. Given the large ranges, using Micro Contracts for Inverse Ladders would be a wise choice.
The VXN should be monitored closely, it has worked well.
We will see how hard this can be pushed prior to a large reversal.
The VIX has not been as correlated to the NQ as the VXN and 10Yr Yields.
Good Trading Everyone - more to follow as we are approaching highs in everything, although the YM won't likely peak until August.
Upside vs Downside
You can see what the Nasdaq has been doing for the past few days - nothing.
There is serious overhead resistance. Unless it breaks through the easiest path is a 61% retracement and fill the gaps below and try again.
Again if the trendline get broken all bets are off.
Nasdaq is better at filling gasps better the SPX.
My Futures Trading Intraday Chart Setup For Success! ENA lot of people have emailed us in asking for our Trading View Intraday chart setup and workspace so we wanted to post some ideas here to our Trading View Followers as well. We will be breaking down each individual indicators we use such as Weekly, Daily Levels, Initial Balances Zones, VWAP, Time Frames, Market Internals and Volume Profiles to have a confident edge in your trade setups.
NAS100USD NEXT TARGETNASDAQ 100 is testing descending resistance coming from beginning of September. I expect a return from this area but I won't open a position at this point. You may follow confirmation and returns, carefully. 11820 can be first support level, 11520 can be second support level and if it breaks, I will follow ascending support line.
$MNQ_F 3-Press Top Deep Dip For SellersPrice is beginning to show consolidation and range mentality. This could be a significant low reversal area in the bigger scope, but in the nearer term there is potential for a short push back. Normally, I would be looking for a move back to lows and potentially further but with the strength of the double bottom, I don't want to get caught getting stuck at the lows of a reversal which narrows in the targets for now.