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NQ

2024-01-18 - a daily price action after hour update - nasdaq Good evening and i hope you had a good trading day. Bulls took over in the globex session and we never looked back. Yesterday i said in my short term outlook that we go up and we did. nasdaq e-mini futures Most bullish indix of em all. Many of the same as dax for today. Nq just reached higher prices. We are trading 38 points below the december high and i think we will get there. Can we touch the big upper wedge? Probably. Bull case is the 400 point rally from the weekly low yesterday which could easily go to the wedge line around 17250. Bulls even bought the 160 point dip midday to close at the highs. Bear case is that this is a trading range from 16950 to 17120. The selloff from bar 43 to 50 was deep enough to dampen the euphoric rally. We are also at the highs of the wedge on the daily tf. They also argue that this is a trading range inside a bigger one between 16450 to 17130. So the question is, how much more room is there for the bulls despite the selling pressure? I think the most reasonable case is, that above 17100 there were many trapped bulls from the december high who will gladly use this rally to exit out of their longs and that’s another reason why i think the upside is limited. But i also thought NVIDIA at 400$ was high enough, so bulls might just continue to dance until the music stops. short term: sideways to down (weakly held and i will long on big bull bars) medium-long term: big down New swing short position opened for nasdaq. I think shorting above 17000 on higher timeframes is a no brainer.
CME_MINI:MNQ1!
by priceactiontds
BTC Expectations for the new year, one mfin ride. More below! BTC has shown bullish willingness. I anticipate the new year to visit the lows around 25K, and the quarterly FVG, I will be there to accumulate some. Market might decide not to even go there and just fill the inefficiency at 32K and decide to moon from there. I'd worry about BTC if we close below 19K and stay there for over a couple of days. I'm not a Crypto bull but I'm for sure a Fiat bear so it forces me to be a crypto bull to a certain extent. If the ETF goes through and it most likely will, I expect volatility but eventually the highs around 65K will get swept. I highly doubt they're safe and I want a piece of the cake. With a bearish TVC:DXY and a bearish outlook on the future of fiat in general, we might see crazy numbers on BTC. I will keep the idea updated as the market tips its hand. let's enjoy the ride.
BITSTAMP:BTCUSDLong
by fedosam27
1
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.)
N
by xxlvision
NQ expectations based on macro-economic analysis and structuralThere are 2 scenarios that I expect to occur, both with the final outcome, the circumstantial achievement of historical highs, because: we had a response to the restrictive monetary policies of the FED before 3/11/2023 with a lower than expected NFP and a rate of rising unemployment; then with decreasing inflation. I expect scenario 1 (white) to occur if in these days the markets close with a bearish acceptance below the last Value Area; scenario 2 (green) only if we have a bullish acceptance of the last established maximum. Seasonality should also not be overlooked as we are in Q4 and the very close Christmas rally, a Risk-ON period.
CME_MINI:NQ1!Long
by Fraancesco_
1
12-12-2023 Tuesday Profile $NQTuesday’s profile yesterday was tricky on both sides, eventually, strong bullish fundamentals give us a bullish continuation. After CPI heavy impact news, price dropped heavily into a discount to M30 FVG, supported with Weekly VWAP, creating a nice M3 +Breaker, and the rest is bullish following patterns targeting the previous Swing high before the red news and its Rejection block. London Session: from 9:00-10:00 AM CET it offers price in premium array with some LTF bearishness to the downside, it was a nice move to catch some solid RR before the price moved into the consolidation stage ahead of CPI. Even after CPI, read the news, we could have a solid 2RR Short, to keep the short-term bearish momentum down to the 16 200 level, however, once, the order flow started to change we needed to act properly and change bias back to HTF bullish. New York Session: Since 4 PM CET, there is a clear +LTF Breaker formed, followed by +OB, it just gave us a bullish HTF continuation, while NYSE:ES is filling its Daily Gap which had been created a few months ago. For full details, see also this chart below, where is M30 w M3 Chart for better lower-time frame description
CME_MINI:MNQZ2023
by market_observation
Mind the Gap. And an interesting way to share my personal chartHello I have inserted my personal work chart for this am so I can share exactly what I'm looking at. I just discovered this today. There is a gap below current price that should be watched. I don't suspect many are trading today but if you are, good luck. Also be mindful trading view is rolling over contracts automatically on charts EARLY and this will give discrepancies between Dec and forward month. I didn't appreciate that this morning.
CME_MINI:NQZ2023
by The_Lioness
NQ OverviewThe NQ 1-hour chart depicts a clear trading range between the key resistance at 16,085 and the current key support at 15,940, with a prevailing bullish sentiment within this range. Below the key support, a previously tested demand zone ranging from 15,930 to 15,890 exists. Shorting into this demand zone carries high risk, requiring a loss of the key support level at 15,830 to trigger a substantial pullback. My trading plan involves exploring short scalping opportunities at the upper range boundary, with conservative targets of 5-10 points, given the elevated risk associated with shorting. Additionally, I plan to consider long positions at key support and demand levels, contingent on the continuation of demand and support signals. It's noteworthy that NQ is potentially forming a bullish flag pattern with support at 15,940, characterized by lower highs forming into support, suggesting a possible breakout. The question of how long NQ can sustain its ascent before a pullback is a valid one. However, it's essential not to let speculative scenarios influence your bias and instead focus on trading based on observed price action and chart analysis, which currently supports a bullish sentiment.
CME_MINI:NQ1!Long
by AmpedTrading
NQ 4-Hour Bull FlagA potential bull flag is emerging on the NQ 4-hour chart, with the 15945 level acting as critical support. As the market experiences a period of consolidation, we observe a gradual descent towards this support zone. This consolidation phase, following a prolonged bull run, raises questions about the market's next move: will the bull flag lead to another upward leg, or are we poised for a necessary pullback? Both NQ and ES are currently in a cooling-off phase, forming additional breakout patterns. On a higher time frame, the key support to monitor remains at the 15945 zone.
CME_MINI:NQ1!Long
by AmpedTrading
A clear deviation between NQ and ES CME_MINI:NQ1! CME_MINI:ES1! We can see that the ES chart is weaker and more "bearish" than the NQ. That means in the next week open if ES breaks the checkpoint "1" we can easily see an ATH for NQ , because we have already broken the checkpoint "1" on NQ . So I think the direction and the sentiment of NQ are highly based on whether ES breaks above or bellow the checkpoint "1" . We should also wait to see where the weekly gap will open. Up or down the current weekly close.
CME_MINI:ESZ2023
by GeoKyra
5
Ebay: Brief touch 👉The price of eBay stock recently ventured into the green target zone (coordinates: $37.48 - $29.58) with a candlestick. However, the dip into the zone did not last long, as the stock immediately rebounded by 11%. Our primary scenario is for the price to drop back into the zone and anchor the low of the green wave (B) a little lower. However, it should be noted that the minimum requirement for a correction has already been met with the 90% retracement at $37.48, and a direct start would thus theoretically be possible. An imminent attack on the resistance at $45.54 would lead us to believe that we are already in the green wave alt.(2), which we consider to have a 40% probability.
NASDAQ:EBAYLong
by MarketIntel
Nasdaq - A Black Friday Blowout Sale?Using the SPX as a reference for ease of use, at the beginning of the November rally I asked whether or not manipulation would come after we saw a 5% rally in 3 days just because the U.S. Treasury decided to spam bonds at a lower, but still already highly inflated, rate in Q4 than they did in Q3. SPY - Did We Bottom, Or Is Manipulation Coming? The week before last, I cautioned bulls who believe in the "Santa Rally" thesis that we may just see sideways and manipulation back down with the end of year target being merely 4,600 and not 4,900. SPX - Santa Ralliers: You Better Keep Your Eyes On The Clock And for the record, I haven't cared about this rally because I haven't had a position, since there was never a retrace I never went long and shorting has looked bad, and turned out to continue to be bad. But Friday the 17th marked the monthly Options Expiry (OpEx), and we predictably spent the day sideways. The next week ahead is U.S. Thanksgiving on Thursday, where the markets will be closed for the last time before Christmas, and then Black Friday the day after. Although there is little news drivers this week, except for Employment on Wednesday and PMI on Friday, I posit that since the Nasdaq set a double top with its July high, we may very well see a 1,000 point "Black Friday blow out sale" this week that sets up a December rally that takes out the All Time High. Keep in mind after this week, starting with "Cyber Monday," we still have four trading days to complete the November candle, and so we most certainly can dump an awful lot and rally an awful lot to finish the month some 2 or 3% away from where we closed on Friday. The dangers in the markets are exceptional at the moment, however. Xi Jinping visited San Francisco for the climate theatre conference, where he met with the Biden Administration. What this event indicates to us is that the International Rules Based Order is extending Xi, who is a Chinese nationalist, an olive branch to cede his control of China and form a critical hub in the coming One World Government. But the IRBO has never been so intelligent as to understand that it cannot out maneuverer the Red Dragon of the Chinese Communist Party, for the Devil Red is a scourge who has come to ensure that humanity and all of its related souls are totally annihilated. At the root of the conflict is the 24-year persecution of Falun Dafa, originally started by former Chairman Jiang Zemin on July 20, 1999. The campaign has targeted 100 million spiritual believers, even going so far as to commit the unprecedented sin of live organ harvesting. Although Xi has been killing the Jianglings for more than a decade in his Anti-corruption Campaign, Xi is still the head of the CCP, the Red Dragon and Destroyer of Worlds, and this is a problem for him that he will either solve by overthrowing the CCP in a coup Gorbachev-style, or Heaven will solve it for him by sacking the Emperor's Bedroom in Zhongnanhai and Beidaihe. For the IRBO, the problem the whole world faces is that the supposed "International Police" (and its Wall Street financial vanguard) have been staining their hands sanguine crimson with the Jianglings in Shanghai-Babylon all these years. The sins are so extremely massive that they can never be fully paid for, and they still aren't doing their part to wash their hands and social distance from the Devil Red. Instead, they're doing everything they can to expand the CCP's Zero-COVID Social Credit system worldwide. And this is going to cause a Dark Winter for humanity. When that day comes, your indexes and your memestocks, your "Magnificent 7," even, will all trade like crypto dumpstercoins because no market making algorithm will be available to pump and dump, and at the same time everyone will be desperate to sell, with no buyers available. But the good news is that when that day comes, you won't be paying attention to money anymore. Instead, what is unfolding in this world will be the only thing notable, and you won't have any interest, or any need of, following CNN and NYT and Xeeeeeeeeeeter for updates. The information will come from a combination of your own eyes and another platform, one pure and clean. Lord Jesus once told his followers: "Whoever has eyes, let them see. Whoever has ears, let them hear." The blind and the deaf will be culled, and such is the nature of the trial all souls face.
CME_MINI:NQ1!Short
by LordWrymouth
9
NQ Uptrend Still BullishWhen evaluating whether to take a short or long position, it's crucial to observe current trends. For example, the NQ 4-hour chart maintains its uptrend as it hasn't broken any higher lows. This was evident during a live chat I observed today, where some traders were initiating short positions anticipating a "flush." However, their rationale wasn't clear. Understanding the shift in trends, characterized by breaking higher lows followed by forming lower highs and lower lows, is a key aspect in determining your trading bias across all time frames. Although the 4-hour trend is still strongly bullish, the 1 to 5-minute timeframe may exhibit a "pullback," offering short-term intraday shorting opportunities. However, it's important to be aware that this strategy goes against the dominant bullish trend in a higher time frame and is very high risk.
CME_MINI:NQ1!Education
by AmpedTrading