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Nq1!long

The Calm Before the Storm: NASDAQ - $NQ1 Ready to Rally!CME_MINI:NQ1! Clear price action similar to the lows in January and April before further continuation. Both scenarios printed expansion bars on the weekly, and we’re witnessing something quite similar with current prices. It’s up to you to see it for yourself, but things look bullish for now, and bidding at $19,600 makes sense. The idea invalidates a bit lower, as usual, but there's enough room to form another higher low. Keep in mind that it broke the bearish market structure and made a HL after that. It would be risky to short when we're still above the point of control (POC). In short: buying the retest of the POC and remaining bullish as long as the trend line is respected. Aiming for all-time highs and beyond
CME_MINI:NQ1!Long
by ZelfTrade
Nasdaq unbeatableCurrent Market Data and Seasonality Nasdaq closed last week at new highs, indicating strong upward momentum. In terms of macroeconomic data, June's ISM Services PMI fell to 48.8 (previously 53.8), below the consensus of 52.5. This signals a weakening in the services sector, which might impact investor sentiment in the short term. On the other hand, the Non-Farm Payrolls (NFP) data for June came in at 206,000, exceeding the consensus of 190,000 but below the previous reading of 218,000. Despite this, the data positively influenced the market as it brought the prospect of an interest rate cut by the Fed closer. Private sector employment stood at 136,000, below expectations of 160,000, which was interpreted as a sign that the Fed might be more inclined to ease monetary policy. Seasonal Prospects We are currently in a seasonally favorable period for the market, which could last until mid-July. Historical data indicate the potential for further gains, supported by seasonal analysis and technical signals. Risk Pricing and Sentiment The market currently prices in a 72% chance of the first rate cut in September. Additionally, 72% of retail investors hold short positions, which, from a contrarian perspective, is positive for further gains as potential short covering could drive stock prices higher. S&P 500 Returns After 20 or More All-Time Highs at Midpoint of the Year The table shows that the S&P 500 market typically performs well after achieving numerous all-time highs by mid-year. Historically, these years end with positive returns for the full year. S&P 500 Returns After >10% YTD at Midpoint of the Year The data indicates that years with over 10% YTD returns by mid-year often continue positive trends throughout the rest of the year, resulting in significant gains by year-end. Nonfarm Payrolls and Job Market Data Nonfarm payrolls increased by 206,000, although revisions for previous months lowered these figures by 111,000. Despite this, the unemployment rate remains low, indicating a strong job market. AAII Member Sentiment on Stock Market Direction A significant portion of AAII members are bullish about the market direction over the next 6 months, with bullish sentiment higher than historical averages. Most Anticipated Earnings Releases for the Week Beginning July 08, 2024 In the upcoming week, earnings reports from several significant companies, such as PepsiCo, Delta, and JPMorgan Chase, are expected, which may significantly impact market sentiment. S&P 500 Earnings Growth for Calendar Year 2025 Projections indicate the highest earnings growth in the information technology and healthcare sectors, with more moderate growth in other sectors such as real estate and consumer staples. Growth in Disposable Income and Compensation vs. Inflation The growth in disposable income and compensation exceeds inflation, indicating increased purchasing power for consumers. Consumer Spending Trends Consumer spending is rising steadily and remains above trend despite economic fluctuations. S&P 500 vs. Rising 10-Year Treasury Yield Strategy The current situation indicates stability in the bond market and continued growth in the S&P 500 index. The lack of a signal to switch to cash suggests that the stock market is in good condition, allowing investors to benefit from the rising market while monitoring bond yields for future warning signals. Key Economic Events in the Coming Week Next week, several key economic events are expected, which could influence the markets: Current market conditions suggest further potential gains for Nasdaq. Despite some concerns about the labor market, overall sentiment, seasonal support, and technical indicators point to a continuation of the upward trend. It will be essential to monitor further macroeconomic data and Fed decisions, which will be crucial for future market movements.
CAPITALCOM:US100Long
by InvestMate
1
Nasdaq ready to rally higherNasdaq ready to rally higher On Tuesday, the Nasdaq index closed its session with a 1% increase, drawing significant attention from investors worldwide. This optimistic outcome was largely driven by Federal Reserve Chair Jerome Powell, whose speech was notably dovish and full of optimism about the current economic situation. Here are some of his key statements: Fed's Powell: "The disinflation trend shows signs of resuming." "The data represents significant progress." "If the labor market unexpectedly weakens, that would also cause us to react." "The risks are becoming much more balanced." "Inflation may get back to 2% late next year or the following year." These remarks have provided a significant boost to the markets, fueling further growth. Moreover, we are entering the best period of the year in terms of returns on American indices, which statistically averages over 2% in July during bull markets. Statistical Analysis: Bullish Market Signals Below, we present several statistical data points that confirm the bullish nature of the current markets: Economic Growth: The growth rates are at very satisfactory levels, contributing to overall market optimism. Retail Positioning: Retail investors are currently 67% positioned for a decline, which is actually a positive signal for continued market growth. When a large portion of the market bets on a decline, it often sets the stage for a contrarian upward movement. Job Openings: The JOLTs Job Openings for May came in at 8.14 million, surpassing the expected 7.91 million. This indicates a robust labor market and strong economic activity. Interest Rate Cut Probability: The probability of a rate cut in September has increased to 61.5%. This expectation of lower borrowing costs is another factor that has fueled the recent market rally. Tomorrow, we await critical data releases, including the ISM Services PMI for June and the FOMC Minutes, which are expected to further reinforce Powell’s bullish stance. In conclusion, the current market conditions, coupled with optimistic statements from key policymakers, suggest a positive outlook for the Nasdaq index. The statistical data and upcoming economic reports will be crucial in confirming this trend. As we move forward, staying informed and attentive to these developments will be essential for making well-informed investment decisions. The market is showing signs of strength, and with the right insights, investors can navigate this landscape effectively.
CAPITALCOM:US100Long
by InvestMate
3
NQ1! Will Grow! Long! Here is our detailed technical review for NQ1!. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 14742.75. Considering the today's price action, probabilities will be high to see a movement to 15207.50. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
CME_MINI:NQ1!Long
by SignalProvider
10
NQ1! Will Go Higher From Support! Long! Please, check our technical outlook for NQ1!. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 15105.50. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 15419.50 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
CME_MINI:NQ1!Long
by SignalProvider
8
NQ1! Is Bullish! Long! Take a look at our analysis for NQ1!. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 15374.75. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 15675.50 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. Like and subscribe and comment my ideas if you enjoy them!
CME_MINI:NQ1!Long
by SignalProvider
6
NQ1! Will Go Higher From Support! Long! Please, check our technical outlook for NQ1!. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 15297.25. Taking into consideration the structure & trend analysis, I believe that the market will reach 16037.75 level soon. 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!Long
by SignalProvider
3
NQ1! Will Grow! Long! Take a look at our analysis for NQ1!. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 13293.75. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 13558.50 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
CME_MINI:NQ1!Long
by SignalProvider
7
NQ1!: VOLATILITY CYCLES / POINT OF CONTROL / OVER SUPPLY / MACRODESCRIPTION: In the chart above I have provided a MACRO analysis on NQ1! which runs a similarly distinctive path to SPY, SPX, & ES1!. This chart is designed to create a clear separation between periods of volatility and shift in momentum. Each cycle beings and ends in the given order of OVERSOLD to OVERBOUGHT to OVERSOLD. POINTS: 1. Deviation of 900 Points per Supply & Demand Channels. Deviation of 1,000 Points between Supply & Demand Pockets. 2. Current Cycle END was predicted by taking the average of past 4 cycles which results in a MEAN VALUE of 78 BARS. 3. Green Vertical Lines: Beginning of Bear Market & upcoming end of following cycle. 4. Orange Vertical Lines: Represent flip in MACD trajectory and overall shift in Pice Action Momentum. 5. ARCS represent OVERSUPPLY Price Action Momentum where price action lacks consolidation and is making brief REACH OUT of past Supply & Demand Pocket. IMPORTANT: Current POINT OF CONTROL stands at 11,700 in relation to current Supply & Demand Pocket. MACD: MACD EMA flips on the DAILY timeframe are indicative of a shift in in momentum. RSI: A common RSI level of 35 is reached throughout every cycle which is indicative of an upcoming shift in trend. SCENARIO #1: In a BULLISH scenario price action must find support at 11,700 with either a strong bounce from bottom of DEMAND ZONE OR SIDEWAYS CONSOLIDATION at the very least. SCENARIO #2: In a BEARISH scenario price action breaks past 11,700 to the downside and further continues downward momentum to 10,700 which would be the SPY LEVEL EQUIVALENT of 360. FULL CHART LINK: www.tradingview.com CME_MINI:NQ1!
CME_MINI:NQ1!Short
by DGSTBROKERACC