NQ1
Ndx...Are We Getting A Pullback Soon?This has been one-hell-of a weird rally. Ugh...SORRY---Happy new month y'all.
Anyways, back to what I was saying.
This rally isn't it though. I made a topdown analysis in this video...But, ugh...who does that help!
Lol! The weekly gave me my answer though. now I wonder why I stayed on that daily?
Watch the video to know what the---weekly had to say.
Numbers to watch:
NH---16200-500
Pull spots---15700-15225
Remember trading nasdaq100 is risky---you have to watch my videos to get it cheers!
Futures Levels | All About Tech Earnings (NQ, ES, CL, GC)The force is strong with the market adage that strength begets strength. But this week, it will likely be all about the NQ earnings to see if it can catch up to the all-time high prints from the ES (S&P) & YM (Dow Jones). We get 'em all this week - FB, MSFT, GOOG, AMD, AMZN, AAPL.
In other markets, can CL get to the top of our channel around $86? Will Gold finally hold $1800? And does Bitcoin consolidate this week or make another quick crack at the $67K level.
Stay Green & Trade Like You Mean It!
US Indices Weekly Analysis | Oct 11, 2021All three major US indices are testing a key support level as we speak. Can price hold these levels and bounce off?
On other note, Chinese Stocks, particularly tech companies, have also seen some strong gains the past two weeks. Does that mean we could be forming a bottom on the Chinese markets? View our analysis now!
Futures Levels | Head Fake Or Higher? (ES, NQ, ZN, GC)It's nice when a projection comes together. Last week, our outlook suggested that we could see rates breakout, which would likely lead to broader stock index futures weakness. We got it half-right. Rates did breakout, but the rate rise ended up looking more like a head fake, so the selling was contained, with Friday even seeing a strong rebound.
This week there's not much to go on with earnings still a few weeks away. We'll be watching the BTC $50K level, 4400 ES, and if Gold can hold 1750.
Futures Levels | Week Ahead Sept 19 (ES, YM, NQ, RTY, ZN, GC)Yoooo Speculators - let's look at some levels in the futures stock indices following a telegraphed week of selling into last Friday's quad witching.
Overall, the markets have cooperated with our most recent analysis that suggested shorts in the NQ and ZB. Now, I'm gonna go out on a pretty firm limb (you know, since markets never go down), and say that we're probably close to the end of the selling in this cycle.
FOMC policy statement on Wed.
Trade Like You Mean It!
NQ Short Levels & Short 30Y Bond (ZB1!)A great feature of TradingView is the ability to walk-forward price to see the outcome of our analysis. In this video, I revisit a short idea in the Nasdaq 100 Futures Contract and look at potential support levels now that a minor pullback is underway.
I also highlight a new short position in the 30Y Bond (ZB1!). I misspoke when pulling up the interest rate chart and said 10Y rate when I was looking at the 30Y. The trade is in the 30Y Bond. Rates dropped significantly today following the CPI release.
Tutorial | How To Identify Potentially Strong Trend DaysI got smoked shorting the MNQ today. And it was avoidable.
The MNQ1! and the MES1! were flashing warning signs since the Sunday open to NOT fade the move. I stayed off the sell side for the opening 30 minute candle, but then got sucked in at a level. The entry was a violation of one of the Golden Rules of Range Trading - STAY AWAY from Outside Days!
In this video, I discuss how to identify Outside Days and look for Untested Prior Session POCs as signs that conditions are pointing to trending price action.
Futures Levels | Look Ahead For The Week of Aug 22The VIX popped and dropped last week making the selling again a very short term event. The S&P ES1! is right back on trend after holding the 55EMA on the daily. Gold GC1! is in balance and crude CL1! continues to look like it wants lower prints.
Economic Calendar Week Starting Sun, Aug 22
Monday, August 23
EU Manufacturing & Services PMI 2:15 AM CST
US Manufacturing & Services PMI 8:45 AM CST
Thursday, August 26
Jackson Hole Economic Symposium All Day
US Preliminary GDP 7:30 AM CST
Friday, August 27
US Core PCE Price Index 7:30 AM CST
NASDAQ in a minute frameThe Nasdaq 100 index is one of the most heavily traded exchanges in the world, and is favored by traders who want to trade the big swings of some of the biggest companies by market capitalization.
Trading the Nasdaq is unique from trading other exchanges and stocks, as it can be very volatile and operates under strict regulations. The Nasdaq 100 is made up of the largest 100 companies on the Nasdaq composite by market cap, which is home to over 3000 stocks.
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Futures Levels | Look Ahead For the Week of Aug 8Nothing to see here except for an $80 drop in Gold Futures to start the week! So is the yellow metal flashing red for the markets? For now, the selling in GC1! stopped at the double bottoms from back in March/April, and as of the time of this posting GC is now down only about 1%. V-bottoms, V-bottoms, talk about head fakes, this market's got 'em!
15200-15210 is my post NFP target todayUS100 = 15,210
NQ = 15,200
Lots of liquidity building above current price, we just need a good NFP, unemployment and wages number today.
Going to sit it all out until after the Initial Balance and then see how much room to the upside is left.
Obviously a lot changes after Tier 1, so we cold possibly test yesterdays balance area that built before the US open, in which case I will probably sit out the remainder of the day
Futures Levels | Looks Ahead For the Week of Aug 1There is a good deal more economic news on tap this week with a jobs report Friday and PMIs mid-week. Earnings continue with 25% of the S&P still left to report. Beyond my favorites futures contracts which include stock indices, interest rates, and metals, I'll be watching the Chinese stocks and what Bitcoin wants to do around $40K.
Futures Levels | Look Ahead For The Week of Jul 25There is a lot on tap this week including earnings from most of big tech (TSLA, AAPL, GOOG, MSFT, AMZN, FB) and a Fed Meeting/Policy Statement Wednesday. The S&P (ES), Nasdaq 100 (NQ) and Dow (YM) all hit all time closing highs on Friday so it's a break out or bust look on several charts.
Let's take a look at the levels for the stock index futures, bonds, gold, and Bitcoin for the week of Jul 25, 2021