NQ1
Nasdaq US100 Definitly Bullish will Go to 23000-25000,because...
I have many open and long positions in Nasdaq: See Chart I have marked my current positions and also future Entries....
Use lower TF only for long setups. Stop to listen to chats and Social Media to other so called Experts:If THEY really tade, whyy are they 99% of time wrong?
And someone who is for hours in the chats and yt ans social media, will never focus closely and seriously on trades. So stop listening to the scams,
Ok here we go. Watch the chart above. We are on Long bullish trend eekly minthly daily.:
Nowon lowertf you wanna take only Bullish trends.ONLY!
Stop going shorts:WHY? Cuz Beartrap. The speculators wanna take your money, so they gonna make you think its falling, crashing.
A correction is not a crash. Understand this. If you dont understand, then you are not a trader. Look for another busness oppurtunity.Trading ill be wring for ya.
So the market came down last week because of Gap filling.
You should understand the philosophy of the Gap filling.
Again stop listening to the scam out there, Do your home works. Analyse your mistakes of the last week.An breath.Relax.
Ok we have cup and handle. The current trend is bullish, the current pullback is natural and healthy, as I mentioned on my previouse NAsdaq analysis and trading ideas. Go there, read the updates and comments I put everyday below the charts,and studey them. My updates brings you money. Be thankful that I am commenting my ideas, you can only take benfit of it.
My Tading plans are based on logic,facts, charts, and objective. NO EGO NO EMOTIONS NO FEELINGS: Fundamentaly are bullish, summer volatility is down ,ut now rising, and the chart is bullish, it means now big traders coming back from holdiay and they will buy Nasdaq massively.Also during the summer pause the volume was extremely high. I have learned my trading by legends like Anton Kreil. If you dont kno who he is, search.... good.
Lower tF only to time for bullish setups.
Ignore bears, news. They all are old.Made by Market manipulators. Instead wake up and use Brain and logic.
Bullish Facts and Fundamentals:
Michigan Consumer Confidence Falls In August, But Beats Expectations: Declining Inflation, Resilient Job Market Key Factors
US Inflation Metrics Diverge, Complicating Outlook for Cooldown
Strong services costs lift US producer prices; inflation expectations dip
US stocks finished mixed on Friday, as investors were digesting fresh inflation data and assessing the future path of the Federal Reserves. The Dow Jones closed 105 points higher, supported by gains from Chevron (+2%) and Merck & Co (+1.8%). Meanwhile, the S&P 500 edged lower by 0.1% and the Nasdaq lost nearly 0.7% pulled down by a sell-off in shares of AMD (-2.4%), Nvidia (-3.6%) and Micron (-1.6%). Producer prices, which tracks the price wholesalers pay for raw goods, rose 0.3% on the month, raising bets the Fed will need to keep rates higher for longer. Yesterday, both headline and core consumer inflation came below forecasts, but remained well above the Fed's 2% target. At the same time, San Francisco President Mary Daly noted that the Fed has more work to do to bring inflation down. On the week, the Dow dipped 0.1%, while the S&P 500 lost 0.7% and the Nasdaq sank 1.8%, a second consecutive week of losses.
The Dow Jones attempted gains while the S&P 500 and the Nasdaq fell by 0.3% and 1%, respectively, after higher-than-expected producer inflation prints increased bets the Fed will need to keep rates higher for longer. Producer prices rose 0.3% on the month, led by a rebound in services cost. Yesterday, both headline and core consumer inflation came below forecasts, but remained well above the Fed's 2% target. At the same time, San Francisco President Mary Daly noted that the Fed has more work to do to bring inflation down. Traders now see a nearly 87% chance the central bank will leave interest rates steady next month, below 90% before the PPI release, and the odds for a 25bps hike in November have been rising this week and currently stand at about 29%. The tech and communication services sectors were the worst performers. On the week, the Dow is up 0.5% so far, while the S&P 500 lost 0.4% and the Nasdaq sank 2%, a second consecutive week of losses.
NASDAQ(US100):🟢Possible scenarios🟢(Details on Caption)
Hello Traders
Outlook:
Daily Chart Summary:
NASDAQ's recent action:
Cleared sell-side liquidity in the daily Fair Value Gap (FVG).
Activated bearish breaker block by closing below 18233.50.
Bullish Scenario:
4-hour chart insights:
Trend line liquidity intact.
Buy-side liquidity remains untouched.
SMT with S&P500 and Dow Jones trend supports upward potential.
Bearish Scenario:
Concerns:
Activation of daily bearish breaker block.
Presence of order block with Fair Value Gap (FVG) on the 4-hour chart.
Explore
By examining the NASDAQ daily chart we can figure out, that the price purged the sell-side liquidity that formed inside the daily FVG. On the other hand, the price activated the bearish breaker block by closing the daily candle body below 18233.50.
Up to this point, I mentioned the primary characteristics of bullish and bearish scenarios, Let's go deeper and continue.
The first scenario (I follow this scenario) is bullish, Here in the NASDAQ (US100) 4-hour chart we can see the created trend line liquidity and left buy-side liquidity untouched. In addition, there is an SMT with S&P500 and Dow Jones. This alignment gives us added confidence in the potential for the price to target the buy-side liquidity.
The second scenario is bearish. As I mentioned the price activated the daily bearish breaker block and also there is an order block with FVG that may push the price lower. The bullish FVG above sell-side liquidity can be our first target in this scenario.
💡Wait for the update!
🗓️17/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
NQ_F / QQQ Descending Triangle Into Demand / FOMC Analysis We see NQ forming a descending triangle into a key demand zone of 18165-18075 along with a key support zone of 18100-18060 that's been holding for some time now. With FOMC tomorrow, this will be a key zone, along with the descending pattern.
Below 18060 puts targets below into play.
Break above the descending triangle puts ATH back into pay.
NAS100 incoming Rally!It's been a minute but here is a quick Freebie for y'all! Enjoy! We have been destroying CME_MINI:NQ1! lately on all of our funded accounts.
Quick Scalp Trade:
Entry@ 18273.75
Take Profit #1 @ 18341.00
Stop Loss @ 18266.50
Larger Swing Trade:
Entry@ 18273.75
Take Profit #2 @ 18672
Stop Loss @ 18104.25
NQ Bearish Structure | Looking for a possibly 2-legged pullbackNQ has broken its structure to the downside, disrupting the bullish pattern that had been ongoing for a while.
I am looking for an hourly two-legged pullback to the ~70% retracement zone before making a new low, since the price has broken above a prior lower high. This suggests that buyers want to see higher prices before we possibly make a lower low.
There is an hourly demand zone around 18200-18170, which I suspect buyers will try to use to push prices higher.
NASDAQ Correction not over yet but won't be a big one either.Nasdaq (NDX) started a correction last week (see our March 12 idea below) which was after a rejection at the top of the multi-month Channel Up that transitioned into a Head and Shoulders (H&S) on the lower time-frames (4H) and broke below February's Channel:
Despite the early bounce today, we don't expect this correction to be over, but won't be a lengthy one either. On the 1D time-frame we set a 17130 Target and that seems to be almost in perfect sync with what the 1W time-frame shows us, which is at most a test of the 17,000 - 16,850 range.
What's the importance of this? Well that is the horizontal level of the previous November 2021 All Time High (ATH), i.e. a Resistance, that may now turn into a Support. As this 1W analysis shows us, since NDX started trading inside a log Channel Up since 2010 (that later broke upwards thus is best viewed here by the Fibonacci Channel levels), the prior Resistance has been tested and held 9 times (with the exceptions being the March 2020 COVID flash crash and of course more recently the 2022 inflation Bear Cycle).
The key on those sequences has been the formation of Lower Highs on the 1W RSI when done above the overbought barrier (70.00). The 2nd Lower High has basically been the technical sell signal that called for the formation of the medium-term Top.
At the same time though keep in mind that on all those medium-term corrections, the index touched the 1W MA50 (blue trend-line), with the only exception being the September 2020 pull-back. The 1W MA50 is currently at 15500 (but rising aggressively), considerably lower than the 17,000 - 16,850 Support Zone. The difference maker in any case would be the Fed's outlook towards potential rate cuts this year. The slightest mention of potential cuts either this Wednesday or later, would be enough not to let the index free fall to the 1W MA50.
In any case, this chart shows long-term investors when to consider to take some profits (RSI Lower Highs) and then when to have the patience to wait a few weeks - 2 months before entering again. On the long-term we expect a minimum repeat of the September 2020 - November 2021 rally towards the 2.0 Fibonacci extension. As a result our long-term target on Nasdaq is 27000.
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NASDAQ Channel up transitioning to a Head and Shoulders.Nasdaq broke and closed today a (4h) candle under the MA200 (4h) for the first time January 8th.
By doing so it completed a Head and Shoulders formation, which is a bearish reversal pattern.
Its target is technically the 2.0 Fibonacci extension.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 17200 (the 2.0 Fibonacci extension, located between Supports 1 and 2).
Tips:
1. The RSI (1d) is inside a Channel Down since the start of Nasdaq's Channel Up, which is a technical Bearish Divergence. It shows that the bullish momentum has lost its strength.
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NASDAQ Top of the 1year Channel Up. Needs to correct.Nasdaq (NDX) is almost at the top of the long-term Channel Up that started back in January 2023 and the 1D MA50 (blue trend-line) has been supporting the current Bullish Leg since November 03 2023.
That is a very aggressive wave that is most likely coming to an and as technically it resembles the previous Bullish Leg that peaked on July 18 2023 on a similar (as you can see) structure, which then corrected initially by -8.50% to the 0.3 Fibonacci retracement level just above the 1D MA100 (green trend-line).
As a result, we are turning bearish and our target is 17130, which is Support 1 and where most likely contact can be made with the 1D MA100 on a marginally less fall than -8.50%.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Indices:🔴Is it the major market structure shift?🔴
Well As you can see, we can see the SMT here so we can expect a downtrend.
The first condition is, that we see the price close the candle body below the bullish FVG, only then can we expect the price to go lower to collect the sell-side liquidity.
After that, If the first condition occurs, we need the candle closure below the sell side liquidity, then the price activates the bearish breaker block and the breaker can act as a strong resistance and pull the price down.
💡Wait for the update!
🗓️10/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
NQ1! SHORT FROM RESISTANCE
Hello,Friends!
We are now examining the NQ1! pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 18052.50 level.
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NASDAQ: Pullback towards the Fed Rate day has started.Nasdaq flashed a strong bearish signal this week as the 1W RSI crossed under the MA trendline for the first time since November 7th 2023. While at it, the price hit the top of the 2023 Channel Up. The last timw we saw those taking place was on August 3rd 2023, a little after the HH top. A Channel Down may now emerge as the correcting wave to the 1D MA100 and possibly beyond. But for the time being, we want to time a Low on the Fed Rate Decision date on March 21st. Its bottom is our target (TP = 17,100), a potential contact with the 1D MA100, lower Support Zone.
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NASDAQ Correction is starting, at least to 17350.Nasdaq / US100 is near the top of its 14 month Channel Up.
As you can see, the patterns between the only two bullish legs of the Channel Up are similar and when the July 19th 2023 top was formed, the index fell on its first bearish wave by -8.75% on its 0.236 Fibonacci level.
Sell now and target 17350 (0.236 Fibonacci) and if it closes a 1W candle under it, resell and target 16800 (-8.75% decline).
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NASDAQ-Feb 2024 3 Days remaining!Nasdaq seems on a fast track to close Feb 2024
And still a lot can happen in 3 days, which is the remaining time left to close the month.
One key point to make:
While Price continues to deliver within Bullish structure.
Weekly Price has been unable to close above 18071.
Current momentum is expected to continue to push price higher, but noting price's inability to close a weekly candle above this price area will open the possibility of repricing down.
It is what it is till its not
Price is expected to continue its up-close trend until it shows clear indication of weakness.
Looking for a possible Bearish Mon-Tues structure, setting the stage for Bullish continuation Wed-Thu.