NASDAQ: Bullish as long as the 4H MA100 holds.Nasdaq is having a standard technical pull back turning the 4H time frame neutral (RSI = 52.452, MACD = -2.890, ADX = 30.912) but the 1D remains bullish as since March 13th, the index has been trading inside a Channel Up pattern.
As the chart shows, every crossing under the 4H MA50 has been a buy signal (2 times) unless when the 4H MA100 broke as well, in which case the downtrend was extended to the 4H MA200 (2 times also). The 4H RSI has a clear Buy Zone and it just bounced on it, so we're already bullish (TP = 14,950). If though the 4H MA100 breaks, we will open a short term sell as well, targeting the bottom of the Channel Up (TP = 14,000), where upon contact with the 4H MA200 we will add a 2nd buy.
Prior idea:
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NASDAQ 100 E-MINI FUTURES
NQM2023 SELL
-first full we are in the deep premium, and in the opening of the month we see a juda swing to the upside to take the previous month's high wish is buyside liquidity (14569.50), and we seen a big reaction after taking it and go back to the opening price of this month (14288.00).
-secondly, (ipda concept) if we take the last 20 days, we will see a sellside ( 13570.00) we will take it as a target
-Third, if we do the standard deviation of the juda swing we will get the tp's I've noted in the chart.
NASDAQ starting a short term correction.Nasdaq got rejected near the top of the 6 month Channel Up.
The narrower Channel Up however made an exact Higher High and the rejection today is a natural technical consequence.
This is most likely starting the 3rd correction wave.
Each wave has been less aggressive than the previous.
The breaking under the 4hour MA50 is the sell confirmation. Target the bottom of the short term Channel Up and the 4hour MA200.
Buy on the 4hour MA200 and target 15280 (Resistance A, High of March 29th 2022).
Previous chart:
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NQ1! What Next? SELL!
My dear followers ,
My technical analysis for NQ1! is below:
The instrument tests an important psychological level 14372.00
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 14009.00
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NQ1!: Short Signal with Entry/SL/TP
NQ1!
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Short NQ1!
Entry Level - 14587.00
Stop Loss - 14969.75
Take Profit - 14009.25
Our Risk - 1%
Start protection of your profits from higher levels.
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We Must Expect a Bounce in NASDAQ !!!Technical Analytics:
- It's doing a wave ((1)) in black
- H1 and H4 right side is up
Technical Information:
- If you're a position trader, you must wait for all time high and only buy after when the correction ABC or WXY is complete
- For swing trader you need to wait for more data
NQ1! Will Fall! Sell!
Please, check our technical outlook for NQ1!.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 14542.50.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 14221.50 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.
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Grabbing the best possible trade on NQ1!Obviously, going short at every supply zone or going long at every demand zone doesn't work every time. If it did trading would be too easy and no one would lose. So, how do we trap the losers and become the winners? Wait for a liquidity sweep above, most often indicated by a bearish shooting start candlestick with a close back below the supply zone. Previous shorts will be stopped out and new longs will be trapped. That's the best possible time to enter short and ride the reversal back down here on CME_MINI:NQ1!
GLOOM AND DOOM ON THE DAYInteresting day yesterday for $$NASDAQ:AAPL. The stock hit all time highs, and then sold off. Jim Cramer says that its a pullback and he is short, and that is normally a very good reason to go long. However, that outside down day bar is pretty ominous looking. There is also an unfilled price gap lower and that could act as a magnet to the down side.
Even more interesting is pubic sentiment towards $NASDAQ:AAPL. My very, very unscientific but thorough review has to do with AAPL's new product. The World Wide Developer Conference was yesterday and it showcased the release of Apple's new googles--wait goggles. Kind of pricey at $3500, making it one of AAPL's more expensive offerings. Initially, people thought it was kind of hokey and crap, which was the news on the buildup to the release. However, later in the day, many on Twitter sounded excited about the googles, including @TheShortBear. IDK, I am an intraday trader and use 1M bars, but my bias on AAPL is short. Since AAPL weighs so heavily in the CME_MINI:ES1! (No. 1 weighted stock in the index) and the CME_MINI:NQ1! (No. 2 weighted stock in the index), it could be like that old Dixie Chicks song, "If I fall you're going down with me."
If AAPL falls, the ES and NQ may go with it.
Remember positivity starts tomorrow.
NQ1! Trading Opportunity! SELL!
My dear followers ,
This is my opinion on the NQ1! next move:
The asset is approaching an important pivot point 14565.25
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Target - 14208.50
My Stop Loss - 14765.75
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NQ DailyJust a reminder, NQ daily and weekly indicators are overbought. 3 hr chart shows MFI declining, and probably goes oversold, so we probably get one more pump before the reversal.
Daily and weekly indicators can take a few days or even a couple of weeks to play out, the drop may not happen until the Fed meeting next week.
All the same, I'm not feeling very bullish and as I always say, when your personal sentiment doesn't match the market, it's best to just stay out. Made a decent return on my beer money bet this week shorting shitcoin, I might just go spend it at a bar tonight and take tomorrow off.... will decide soon.
Should've gone long when i noticed RTY MFI went oversold.... oh well. Looks like a slow melt up now, and I don;t recommend playing a melt up with options.
NQ1! BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
NQ1! uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 14201.50 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the NQ1! pair.
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