NQ1
NQ UpdateMarket trading on news again, lol. A bit surprised AAPL hit the 4.3% options target today already. Not chasing the market because there's an open gap from the 1 hr break yesterday. Plus volume is low.
Not sure about shorting but I don;t recommend chasing the market today because of the gap. No way in hell am I holding any long positions over the weekend with a gap below. Still just watching, might take a small short position if I find something.
NQ UpdateES RSI is oversold, RTY is not there yet and NQ is neutral as shown.
AAPL earnings tonight. If you go long today, you're betting on AAPL. Simple as that. I expect them to beat but guidance is a real question mark.
Keep in mind AAPL is a lot closer to the top of the trading range than the bottom.
NASDAQ Buy opportunity on the 4hour MA200Nasdaq hit today the 4hour MA200 after a week of trading over it.
This is our first buy entry. The second will be if the price hits the 1day MA50, which has been untouched since March 15th.
Target the Rising Resistance at 13400. If broken, extend to Resistance A at 13730 which is the high of August 2022.
Previous chart:
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NQM2023 Chart for 5/3-5/4 S/D LevelsFOMC was killer. Our targets were hit on BOTH bulls and bears. Woohoo!
This overnight session I was able to secure the breakouts of the longs, but I am seeing hesitation as of time of posting due to 5M supply and we are at pivot P.
My idea is we linger through this zone for an attempt at the larger 1HR down trend around 13210. If we break out of the trend, I want to plan for a long through 13242 for a hit on R1 target or we reject off this zone completely. If we have strong enough moves we can attempt to break through R1 and go for the strong 15m supply found at 13284 area.
For the bearish side (as the FOMC news was expected but bank system failures is not a celebration), I would like a pull into 13026-13015 (S1).
Keeping open minded going into tomorrow, but having plans in place depending on market condition and price action.
NASDAQ: About to fill the August 2022 Gap.Nasdaq is on a long term Channel Up with bullish technicals on the 1D timeframe (RSI = 56.673, MACD = 124.440, ADX = 30.096). In addition to those bullish indicators, it kept intact the 1D MA50 last week as Support, while also having the RSI rebound on the HL trendline. Consequently we remain bullish on Nasdaq long term (TP = 13,730), expecting it to hit R1 which is the August 16th 2022 Top. That would be a little less than a 8.50% rise from the April 25th Low, which represents the decreasing rate of growth on each Higher High (+20.50%, +13.30%, +8.50%).
Prior idea:
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NQM2023 Chart for 5/3 S/D LevelsFOMC today at 11AM PST! Let's wait for Powell to speak for some real movement after FOMC release....
I have targets both sides; the supply and demand zones on the chart are my shorter targets. R1 target is 13309 and S1 is 13085.. With FOMC potential move to hit either. We are currently sitting on P pivot 13209 at time of posting.
us dolla?good eve'
last post for awhile ---
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-pretty channel,
-rejected 221 dma
-bear flagging,
-less people are interested in this currency these days.
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us dollar looks to me like it's ready to capitulate.
my estimated downside target is 92.
> do what you will with this information.
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read further:
5-2-23 [nasdaq]gm anon,
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the local area looks to me to be setting up a significant move up into the next few days.
i also envision this move to be a trap \ fake-out, before capitulation.
> only after this capitulation phase,
> will we see the nasdaq go back to near all time highs.
i will do my best to update this public projection with some estimated downside targets after we get my pop.
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ps. i don't mean to blow your spot up, mr market maker - it's just what i do.
ps2. og post was private:
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.
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NASDAQ Bullish within a Double Channel UpNasdaq (NDX) has gone a long way since we called for a rebound on the 1D MA200 on March 17:
Right now the uptrend has slowed down as the Channel Up that started in December has transitioned into a much less aggressive Channel Up, supported by the 1D MA50 (blue trend-line) that is targeting 13500 as part of its Higher Highs process. The 1D RSI which is trading within a Triangle of Higher Lows and Lower Highs can be a guide for buy and sell entries.
If the price breaks above the February 02 Higher Highs, we will increase our buy exposure and target the 13730 Resistance (August 16 2022 High).
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Day Trade Market Condition may 01, 2023this is may 01, 2023 levels for NQ ES CL BTC
watch the table left side for trade, right side for trend
NQ 13500 ES 4260 those levels making the bull not so easy, however, as long as price above vwap on daily chart check out Volume Profile by QTECHtrading markets try testing the levels.
NQ1! On The Rise! BUY!
My dear subscribers ,
This is my opinion on the NQ1! next move:
The asset is approaching an important pivot point 13320.25
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 13564.50
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
nasdaq 4hour chart say= upper target is fibo161%, dont pick sellif you have old sell 100 close all now or hedge them ( lot = 1.5 * total sells)
AC indicator on daily chart is green this show up trend will come
we have 3 fibo 161% now ,,,first fibo 161% show short term target1 is 13600 (pick sell possible there after sell pinbar comes with SL n pinbar high) then nasdaq can go down but will start up trend to 14000 even 14600(daily chart fibo 161%(long term target)
ALERT= on bad news if nasdaq break EMA200 1hour (green line) it is switch signal to sell
i wish you best trade and win but with SL in last high/low ,,,,put,eat SL is base of this game
NQ and ES MFI overboughtNQ and ES MFI are way overbought. PCE numbers came in line with estimates, 90% chance of Fed rate hike.
Probably buy some puts today just so I get back into trading mode, but not really sure what yet. Garbage stocks are already red, but premiums are high compared to stock price, not sure there's any money in shorting crap like PTON or AFRM.
Maybe the algos start cycling into pump and dump mode again. AAPL earnings Thu PM