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NASDAQ 100 E-MINI FUTURES

NASDAQ TRADE IDEA - A BREAK?Crown Club managed to maximise the sell off yesterday on the Head of the head and shoulders pattern. The market has been crazy moving sideways - the volatility is mainly caused from earnings and the wait of what the FED will do at the next FOMC meeting in May - remember that all the evidence we can gather now on where interest will be in the next FOMC meeting will influence the markets. 'Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time' - As a member of the FED, this statement from CNBC could potentially lead markets further down and with earnings out now we could see a potentially good window for investors and firms to grab profits while stocks are "doing good" - majority of retail traders would follow direction of the market and news, what do I mean by this? If APPL does good with earnings you would expect price to go through a bull run, all though this is still a possibility I see this as an opportunity for BIG investors to cash in profits - hence the recent volatility and consolidation. Be prepared for a lot of fake out and sl sweeps this week.
OANDA:NAS100USDShort
by crownclubfx
NQ UpdateMFI is still overbought and it has the same chart formation as the previous top. We might see more than just a dip Monday. I also posted FDAX chart, high probability of a gap down Monday anyways. We'll see. I don't expect the market to come crashing down like the bears, just playing the indicators. I think the market just whipsaws sideways all year, lol. Repeated pump and dumps. Just watch the indicators and trade when they tell you something. As for the trade, I might add some more puts EOD, just expecting it to whipsaw this afternoon.
CME_MINI:NQ1!
by hungry_hippo
10
NQ1! NAS100 NASDAQ 2023 APR 17 WEEK CME_MINI:NQ1! NQ1! NAS100 NASDAQ 2023 APR 17 WEEK 12950 was supporting the market well despite increase in distribution effort. Market participation was low though, and shortening of thrust from high to high observed = waning upward momentum. 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 Volume Analysis: Weekly = Ave vol narrow spread up bar close off high = Minor weakness Daily: Higher vol narrow spread down bar close away from low = minor demand Price reaction levels: Short on Test and Reject | Long on Test and Accept 14361 13740 13550 - 137440 12950 10710 - 11068 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
NASDAQ Pullback to the Support, then buy for a new High.Nasdaq is consolidating around the MA50 (4h). Every such consolidation that followed a High inside the Channel Up, pulled back to the Support of the last Higher Low. Trading Plan: 1. Sell on the current market price. 2. Buy on the Support. Targets: 1. 12520 (Support). 2. 13730 (Resistance 1). Tips: 1. The MACD (4h) gives a buy signal when it crosses over the top of the Falling Wedge. It has happened on both previous patterns. Please like, follow and comment!!
CAPITALCOM:US100
by TradingBrokersView
6
dxy 4-14-23gm, i called both the bottom in 2021, and the top last year on the dxy (view posts at the bottom of this thread). very few people heard my voice - swinging by into the public communities to share this very general post today. --- dxy came down in 5 waves from my upside target, seemingly. possible w5 isn't in yet as it could see a slight extension - also possible that it is. --- once 5 waves down is indeed confirmed, a three wave retracement will take place, with force. when this retracement takes place, the markets will take a beating. nfa. --- ------ --------- PS. if the dxy see's an extension for this last leg, the bear market will get extended by 365 days. --------- ------ --- ✌
ICEUS:DX1!
by Eloquent
NQ - Interesting area!NQ - Interesting area! CME_MINI:NQ1! GLOBALPRIME:NAS100 Another key resistance area Highs: 13248.75 Lows:12957.00 Currently we are still within the ranges even though we've had CPI print we did escalate higher, but couldn't go above key resistance of: 13230 areas we could need break higher above that resistance to go towards levels of 13347.00. However, if we are to break below the lows I expect 12800 areas to be key support that could be reached! Pay attention! Trade Journal
CME_MINI:NQ1!
by Trade_Journal
NASDAQ Bearish Divergence NASDAQ led the current bullish rally. NASDAQ appears to be leading the bearish divergence in this stall aka consolidation. Despite yesterday's candle appearing somewhat bullish with a long lower tail, there is a clear and present bearish divergence in BOTH the MACD and VolDiv; and both crossed under their lagging MA lines respectively. The Orange box is the consolidation range and the yellow box is the range that the NASDAQ should not be closing the day in. If it does, there is a higher probability to break down out of the orange box, into the red. And again if it closes in the red box area, the indicators should be bearish looking enough to tell that one must watch the breakdown support level next. Should be happening over the next couple of days. Now, IF there is a news related spike, it must spike above and close outside of the orange consolidation box, and then remain above the box... for the last attempt to the upside target. Heads up! Appears that we will see an increase of volatility to either side soon... 80:20 down:up IMHO
CME_MINI:NQ1!
by Auguraltrader
1
NASDAQ Correction for few days then buy the dipNasdaq (NDX) has gone a long way since we called for a rebound on the 1D MA200: The recent rally within this Channel Up pattern that started in December (its second Bullish Wave), came to an end after it broke the Inner Higher Lows trend-line in similar fashion as the first wave did on February 17. That pulled-back to the 0.5 Fibonacci retracement level before rebounding to a Higher High. The current 0.5 Fib is on 12460, a little under the March 28 Low and the 1D MA50 (blue trend-line), which has been basically supporting since mid-January. If the RSI bounces off its Higher Lows trend-line, then the bottom may come earlier. In any case, we will buy this pull-back and target 13400, a potential contact with the 1W MA100 (red trend-line), which rejected the August 16 High. The best level to buy during this run is on the Higher Lows trend-line of the RSI. A similar Higher Lows trend-line during the January bullish leg (note that both sequences started on a Double Bottom), gave 5 clear buy entries. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
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by TradingShot
1