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NASDAQ 100 E-MINI FUTURES

May 12, 2023 NQ LongEquity Indexes has returned to being bullish. This sentiment is likely to continue given that the markets have already digested the most potent economic data for the week (CPI). Watch for 10:00am Consumer Sentiment. If the report produces a surprisingly lower than expected number, sentiment may shift in the short term. - Trades taken using confirmation entires have a higher probability for sucess. - Using an initial 1:1 target is recommended for reducing risk. - Short-term income trade ideas are good for the day unless otherwise stated. *** For educational purposes only ***
CME_MINI:MNQM2023
by randy876
1
NQ1! Chart for 5/10-5/11 S/D LevelsWOW CPI made the charts move! We hit our bull target... by a landslide! I was not expecting this many points to surpass our EOW targets. I have switched to NQ1! charts as it is easier to backtrace for finding zones. Therefore, we have new pivot targets as of tomorrow. We are forecasting a 2.4% PPI report, and our targets based on a 100pt move would be: Bull: 13597 and Bears: 13353 or 13259. We are approaching a Daily Supply zone, so be aware of orders sitting in this area. We retraced the entire CPI move and then headed for new highs. The same possibility is happening for tomorrow. I follow Book Map for intraday targets and will be keen to see what will play out for tomorrow! Link for the NQ1! chart: www.tradingview.com
CME_MINI:NQ1!
by tradeswithjess
NQ UpdateES, RTY, and NQ indicator's aren't lining up very well, NQ is almost overbought on RSI while ES is oversold on MFI. Just really weird whipsaw trading with indicators going all over the place. Stocks going from bullish to bearish to bullish all in one day, lol. All cash, bearish about PPI numbers. Gonna stay cash though and not play the news. Might buy the dip if the market gaps down, will decide in the morning. I would have been more inclined to buy the gap if it had finished at the bottom today. Tough market to trade.
CME_MINI:NQ1!
by hungry_hippo
5
NASDAQ failed resistanceOh oh... the optimism, much as we want it given, does not appear to be. Having bounced off the middle of the consolidation zone, a surge to the upper range resulted in a weak follow through with a lower high, and a following bearish (patterned) candlestick. The technical indicatiors are trickling downwards, and one wonders if it is going to uptick... A bearish outlook is setting in (early stage now) and few things need to firm it up, besides fundamentals and news... technically, a breakdwon of the orange trendline is needed, as a follow through to the bearish reversal candlestick pattern. VolDiv should dive further down, as should MACD be clearer (tends to lag). The SG10Y Govt Bond yields appear to heads up this bearish outcome too... so watch it happen in real time.
CME_MINI:NQ1!Short
by Auguraltrader
NQM2023 Chart for 5/9-5/10 S/D LevelsCPI REPORT RELEASES AT 5:30AM PST. My original trade idea from Monday still stands. With CPI and PPI releasing tomorrow and Thursday, we have momentum to reach these targets (Bear target 13152 and bulls target 13458 by EOW.) In the meantime, we have a forecasted expectation of 5% CPI but the way they have generated the report is different than before. It is skewed to keep it 5% MoM and let us see if we are higher or lower than 5% when 530am comes in. Based on the sideways action from today, I want to reach and possibly break 13369-13384 or we fail to 13191. I have larger range targets because of the news, but if we are looking for shorter targets, I am seeing 13324 or 13227. 13324 is the tip of a strong supply zone, which can be rejected. And 13227 is breaking through this strong 1 hr demand zone that we bounced out of a few times today (this can indicate this zone is starting to get weak, and especially on a news day... whew). Good luck to yall trading CPI! Here is the link to my live chart as well: www.tradingview.com
CME_MINI:NQM2023
by tradeswithjess
NASDAQ Still bullish with 2 scenarios within the Channel Up.Nasdaq (NDX) continues to trade within the March 20 Channel Up and is approaching the 4H MA50 (blue trend-line), having had the last rebound on the 4H MA200 (orange trend-line). The price action is starting to look a lot like April where a Channel Down took the price to the Channel Up bottom and then had a +4.50% rebound. If this prevails we will add a new buy on the 1D MA50 (red trend-line) and target 13400. If the price though closes above 13300, it invalidates this and we will buy the break-out instead, targeting 13500 (+4.50% rise from the bottom). ------------------------------------------------------------------------------- ** 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
NQ1! Will Fall! Sell! Here is our detailed technical review for NQ1!. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 13330.25. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 13137.00 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
CME_MINI:NQ1!Short
by SignalProvider
5
NQM2023 5/8-5/9 S/D LevelsManipulation is coming into affect as CPI is Wednesday and PPI is Thursday. My trade idea stands as mentioned in yesterdays post. We may have some further rejection from this strong 1HR supply zone or as we have found ourselves inside of it twice now, we may have enough push for the bulls. No specific targets aside from the pivot P, R1, and S1 as areas of interest. Also liquidity levels found on bookmap intraday but as of time of posting, staying open minded for this week is full of reported numbers.
CME_MINI:NQM2023
by tradeswithjess
nasdaq, updated [primary]good evening, and happy sunday. --- decided to share the updated version of my count tonight,,, >the key to this count is the spx500, which will be shared in the next post (keep an eye out for it). --- what i'm portraying here is called a zig-zag. the nasdaq came down from all time high in 5 waves, 5 waves is labeled either wave 1 or wave a. in this case, to be extremely conservative, i am choosing to label it as wave a. --- once 5 waves down was attained, the nasdaq begun to retrace the 5 wave move, which is called wave b. wave b can take many different forms, shapes, and vibes. in this case, i'm calling it a regular zig-zag, thanks to the clarity which the spx500 + bitcoin are portraying. --- my target for wave b has been the same since the 2022 lows,,, 15.2k. >got you an update once wave b has been completed later this summer. ✌
CME_MINI:NQ1!
by notoriousbids
1
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
NQ UpdateLooks like the algos get their revenge for the market dumping on the Village Idiot speech. Pump and dump next week, not sure if the dump happens Monday or Tuesday. There's a gap underneath, and we could always have another bank failure over the weekend. regardless of gap direction, I'm guessing MFI goes overbought Monday premarket. Made some money daytrading FSLY puts, but rolled it all into next week's puts. Not chasing this market. Wish I had bought AFRM calls when I dumped my puts yesterday though, lol.
CME_MINI:NQ1!
by hungry_hippo
1