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NASDAQ 100 E-MINI FUTURES

NQM2023 Chart for 4/27-4/28 S/D LevelsCrazy bullish move, it came close to my long target as mentioned in my previous trade idea! Insane! I am looking for a possible gap fill and rejection off the upper supply zones 273-326. But granted we have lots of liquidity sitting up there, we may see a nice squeeze through with the large gap fill and its end of month! Otherwise our P target sits at 13166, which sits in a demand zone. There is lots of gaps to fill to the downside from the fast bull move up as well.
CME_MINI:NQM2023
by tradeswithjess
Not if.... but whenThe futures market has been flashing a warning signal under the hood since the beginning of the year, but you wouldn't know it looking at how the market has been blasting higher YTD. Using a proprietary technical indicator as shown below, you can see that we are far from out of the woods. This indicator measures unexpected "bursts" of volatility which must satisfy equilibrium by returning to the price point at which the burst originally occurred. This is indicated by the blue line on the chart. The degree of accuracy for this signal is over 90%. This could take days, weeks. or even months to come to fruition... but rest assured NQ1 will return to 11282 at a minimum. Trade cautiously my friends.
CME_MINI:NQ1!Short
by RocketTraveler
NQM2023 Chart for 4/27 S/D LevelsI participated in the London Session, therefore, I did not have charts drafted for this morning. I just cleaned out the layout for how my charts will look moving forward, until the next adjustments. Using traditional pivot points, S/D zones, and liquidity/order flow to make my best judgment of trades. As of today we are hitting R4 to shoot for 13200. If we hold and close strong over 13220 area, I am interested to push to 4/17 high 13284 area. We have broken out of the last 2-week downtrend, looking to break the high of the downtrend of 13284. If we can continue this momentum, can we retest 4/3-4/4 hights? Of course expect pullbacks in between. Downside targets to test is 13050-13020; if we fail to bounce from this zone, I would like to see the target of 12971 zone to be touched. This has been an interesting last few weeks.. here is to letting the market play out whatever it wants!
CME_MINI:NQM2023Long
by tradeswithjess
NASDAQ Correction still has some steam left.Almost 2 weeks ago we called for a multi-day correction on Nasdaq (NDX) after the price broke below the Inner Higher Lows trend-line and the 1D RSI got rejected on the 70.00 overbought Resistance: Our view is unchanged and we see a few more days extending this correction to the 1D MA50 (blue trend-line) at least or the 0.5 Fibonacci retracement level as it happened on the March 13 Low on the long-term Channel Up. The only probability of this getting invalidated and start rebounding now is the potential buying pressure that the RSI Higher Lows trend-line may apply, which got hit yesterday. However we see more likely the scenario of the RSI transitioning into a Rectangle, having 43.40 as its bottom. Our target remains 13400, which is a little under the 1W MA100 (red trend-line), that has rejected break-out attempts twice since May 05 2022. ------------------------------------------------------------------------------- ** 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
NASDAQ Bottom not in yet but closeNasdaq may be inside a long term Channel Up but for the whole month of April has been trading inside a Channel Down. That is the same pattern that was formed after the February 2nd top. The price hasn't touched the 1day MA50 since March 15th but is approaching it. We expect the bottom to take place a little under it. Buy after closing under the 1day MA50 while the 1day RSI hits the bottom of the Channel Down and target 13550. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100
by TheCryptagon
5
NQ RSI OversoldWent to grab some lunch (I'm on west coast) and noticed that RSI hit oversold on ES, NQ, and RTY. MI is not quite there yet but it'll hit it before market open tomorrow. If you;re short, I suggest closing some positions if not all. Oddly, this is an indicator for me to buy PCAR, lol, but I think the earnings play was good enough since I'm taking the day off tomorrow. Gap direction will still depend on GOOG and MSFT earnings. All cash, no trades, but I figure I'd post this for my awesome loyal followers.
CME_MINI:NQ1!
by hungry_hippo
2
NQ1! NAS100 NASDAQ 2023 APR 24 WEEKCME_MINI:NQ1! NQ1! NAS100 NASDAQ 2023 APR 24 WEEK NQ continued to rotate. No trades from last week per scenario1. Weaknesses have manifested, so if you are holding long, may be a good time to take profit during this toppish structure. 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) If you can't live without trading, you may look for long on support between 12950-13040 | Short on rejection between 13350-13212 Volume Analysis: Daily: With the increase in supply volume and toppish market structure, this may usher in another round of distribution (i.e. selling) Price reaction levels: Short on Test and Reject | Long on Test and Accept 14361 13740 13550 13316 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: Consolidating. Breakout and pullback levels to considerNasdaq is consolidating around the 4H MA50 for the past 2 weeks with 1D technicals turning neutral (RSI = 54.883, MACD = 132.650, ADX = 34.947) for the first time in 1 month. The LH trendline on the 4H RSI hints to comparisons with the February consolidation. That pattern broke under the 4H MA200 to the 0.5 Fibonacci level and then rebounded. Consequently, we are either buying a potential breakout over the consolidation Channel or a pullback near the 0.5 Fibonacci. In either occasion we target the R1 (TP = 13,750). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope