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Nasdaqidea

$NQ1! - Busy week ahead! CME_MINI:NQ1! - Busy week ahead! We've got a busy calendar ahead of us and remember it's first day of the month - May a Lot of US Data! 1. ISM 2. JOLTS 3. ADP 4. FOMC 5. NFP Now that's a busy week and I know for some, they will be stepping back and not trading during a hectic week ahead, but I do feel there will be plenty of opportunities. Now, banking sector is at the key spot light ahead of this week mentions of First Republic Bank will be acquired by JPMorgan after rescue efforts fail. It's not first time this year, we've heard a bank go under, and unfortunately that's part of the cycle as rates head higher, a lot of sectors get hurt, look at real estate and this is what I mentioned months prior - I well recommend researching more in depth. Keep in mind FED want a 2% target for inflation...Expectation is for the FOMC to lift rates by 25bps at its May meeting, now the real question is will they pause after this hike or carry on, whilst we got credit tightening... Now technically looking at NQ Highs: 13391 Lows: 12787 At the moment we've got Kangaroo action until a break to either side - If we are to break the highs, I expect next area of interest to be 13660 areas. However, we are to break the lows, I expect 12481 areas. NQ has held relatively well within the conditions we are in, interesting times ahead. Have a great week ahead, Trade Journal
CME_MINI:NQ1!
by Trade_Journal
NQ1! NAS100 NASDAQ 2023 MAY 08NQ scenario 4, rotational trade yielded 470pts from 3 trades. Test and Reject/Accept setups consistently offers low risk trades. NQ was in rotation for a month now. Friday saw a low volume mark up, and could be trapping longs. Previous scenario planning remains. Given the rotation has progressed thus far, inexperienced traders should just wait. CAPS FOR EMPHASIS-MY TENDENCY TO TRADE SCENARIO4 WILL NOW BE DIMINISHED. Possible scenarios: 1) Market stuck in a 250pt range, wait till supply/demand is resolved Then: 2) Breakout of upper boundary to test 13740 = long at support of upper boundary of range 3) Breakdown of lower boundary of range = Short on rejection of 12950 4) The longer the rotation, the riskier will be rotational trade. Long on support between 12950-13040 | Short on rejection between 13350-13212 Volume Analysis: Friday's mark up on average volume, with close away from the high, is weakness on the bar. Price reaction levels: Short on Test and Reject | Long on Test and Accept 14361 13740 13350 13316 12950 10710 - 11068 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead. *For educational purpose only.
CME_MINI:NQ1!
by paradox677
NQ1! NAS100 NASDAQ 2023 Mar 20 WEEK NQ1! NAS100 NASDAQ 2023 Mar 20 WEEK The daily Ultra Lo Volume down bar and support at 11930 provided good meat for week of 13 March. Market finally broke through 12418 and is near supply zone 12810-12950. Let's see how price reacts to this level. Possible scenarios: 1) Possible formation of rotation 12950-11930 = trade at boundary of zone 2) Long on retracement 3) False break of 12950 for short Volume Analysis: Weekly = High vol up bar close off high = minor weakness Daily: Ave volume S>D bar into an area of previous resistance Price reaction levels: Short on Test and Reject | Long on Test and Accept 14361 13587 12950 12950 11930 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
NASDAQ | ALL EYES ON BULLSDespite negativity on banking system default. NASDAQ is on the move with bulls printing new high everyday. Technically speaking, US100 is trading in bullish flag with the breakout target comes at 15000. But we will move step by step. The upcoming resistance comes at 12900 which is horizontal level. Previously, NASDAQ printed triple bottom around 10650 where the neckline comes at 12100. The target of triple bottom comes at 13700. All signs shows strong bullish momentum. Any dip will be buying opportunity with appropiate stoploss. Let us know what do you think of the idea?
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by TradeTrio
5
NQ1! NAS100 NASDAQ 2023 Mar 13 WEEK NQ1! NAS100 NASDAQ 2023 Mar 13 WEEK Week of 06 March, market gave 300pts from 2 trades. Market is trapped between 12418 - 11930. Although daily bar showed little supply for short term long opportunity, the low volume means it is cheaper to whipsaw the market. Trade with caution. Possible scenarios: 1) Market continues to be range bound between 11930-12418 2) 11930 support long (test of breakout area) 3) 12418 // 11930 continuation short to reach bottom range of larger rotation zone 10710- 11135 Volume Analysis: Weekly = Ave supply down bar (non-trend changing) Daily: No supply ULTRA low vol down H4 = Supply showed effort no result + Low vol No Supply down bars Price reaction levels: Short on Test and Reject | Long on Test and Accept 13587 12950 12418-11930 11135 - 10710 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
NQ1! NAS100 NASDAQ 2023 FEB 27 WEEKNQ1! NAS100 NASDAQ 2023 FEB 27 WEEK Did you take the Scenario2 short from 12271? After the breakout, market is back to test previous rotation zone. 11706 will be critical to sustain the breakout. Possible scenarios: 1) 11706 support holds + higher lows = long 2) 11706 becomes rejection = short on test and reject Volume Analysis: Weekly = Lower vol down bar close off low - minor weakness Daily: Ave vol down bar close off low = minor weakness H4 = UHV narrow spread down bar + next bar higher = demand coming in Price reaction levels: Short on Test and Reject | Long on Test and Accept 13587 12987 12137 11706 10710 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677