Nasdaq: Calling the interim lowI am buying NQ with BOTH HANDS here. 2nd October 2022 is exactly 314 days from the November 2021 high. Im calling the low.
Nq100
NQ watch for this trend channel to be broken to the upsideIm going to exit remaining of my MNQ short at 11060-70 zone (if it gets there)
Also started ES longs and 366 SPY calls
Have a great weekend
NQ - still time for the right shoulderIm long here NQ and ES, tight stop though.
Needs above 11275, the target is 11380-90 by 6am or so.
If we see this move before the PCE numbers, I will exit longs and go short.
What if it will be a repeat of what happened last time PCE number was out.
Tomorrow should move the price above the last several days range, its also a directional change day and it could be a move in one direction but outside of the range.
So a low tomorrow or Monday (Im in a low on Fri/Sun for the futs) and rally into at least 5th or even 7th.
The rally will be muted and choppy imo just to reset the indicators.
Tomorrow is a not weekly, but monthly and quarterly closing!
Should be very interesting close and if it looses today's lows we could see another 100 points plus cut
Have a good night!
NASDAQ 100 E-MINI FUTURESIt reached very strong demand areas and it is very strong support points that can bounce back from it and in case we see a strong break to the zone we will get good momentum
NQ H&S can still be in playI have added some MNQ short on this spike, stop at 255 and started Oct 21st puts again
Done for today, watching the close and 3636-39SPX
NASDAQ - Potential REVERSALNASDAQ is currently at a major support. What I'm noticing is that it is almost identical price action as happened in June. Nasdaq had a major bounce on 6/15 which was followed by a heavy sell day on 6/16 (very much like today). However it was immediately reversed the following day on 6/17. The breakdown on 6/16 ended up being a big bear trap which ended up with a bull run into mid August.
As usual - NOT A PREDICTION. Just an observation of price action and trying to keep an un-biased view.
PLAN: Watching today's closing price and where we end up tomorrow. /NQ is at a major turning point.
NQ possible H&S for 500 more points down!Interesting, latest NQ update disappeared from my page, reposting again
This is getting more interesting, watching this possible pathway!
Will short at the resistance line for higher right shoulder
NQ possible H&S for 500 more points down!This is getting more interesting, watching this possible pathway!
Will short at the resistance line for higher right shoulder
NQ is looking much lower!Here are the levels of importance for NQ on the downside:
- 11060
- 10656-500
- 10300
- 9990
The last 2 numbers are the main target zone now
I want one more push tomorrow.
Since it's not only weekly, but monthly and (very important) quarterly closing this Fri.
Last 2 quarter ends both resulted in selling last 2 days, something to pay attention to.
So a flush is very possible to start as early as tomorrow or ideally after Oct 3rd high.
I have closed my ES short at 3715.50, 3710.5 from 3727 and waiting to enter with some longs, but will have stops, dont want to wake up with a huge gap down.
Also Im in with some SPY 351 Oct 21st puts and some Fri SPY calls from the close.
If we break down, I will be entering to my swing MNQ position.
For now I want to see a standard 50-61.8% retracement to get long in am.
ES is at 3665 (main target) and 3682
NQ is at 11377 and 11322 (I like 11355 as a target)
Here is 1h chart with support and resistance white lines
Good night
NQ is at its own resistance levelSo here is NQ at the same stop as the ES, must hold here, then tomorrow's low should be a higher low and then we breakout into Oct 3rd high with the window dressing rally (those become rare this year)
Alternative counts on NQ I think we may have a bigger correction before reaching its top. I think we would have its top near midterm election.
NQ is testing the bottom of the bear flagWatch this bear flag to break and we see 11165-35 very quick.
Main support is at 11234, breaking that will flush quick
I have the price down to even 11050-60 level.
Very important to hold here.
My thinking is we sell off into the open and move up after Powell speech tomorrow am
Today's action off the low could be another trap for the perma bulls to call it the low...
Will be waking up early tomorrow to watch the market and see where I add to my SPXL and some Oct calls long position I started today
P.S. DO NOT GO LONG Heavy! This can crash and the crashes come from the oversold conditions! Size properly and have stops or more powder to add
Nasdaq Mapping Market Symmetry SetUpIn this update we review the recent price action in the emini Nasdaq futures contract and identify the next high probability trade locations and price objectives to target
NQ is at maj support terretoryHere are the support levels to watch:
- 11167-75 (My target for a while)
- 11058.50
- 10656.50
Maj Resistance is at 12260, above and it will squeeze back to 14k imo
But the pressure is still down, Oct should bring 10k zone imo.
My plan for tomorrow is buy am lows
Have a good night
NAS100 USD NQ1! NASDAQ 2022 SEP 26 Week
NAS100 USD NQ1! NASDAQ 2022 SEP 26 Week
Hope you liked the short for NQ last week.
Temporary demand has returned, with price now at
demand line of channel.
We may see the formation of rotation area 11068 - 13587.
Possible scenarios:
1) Long if channel support / 11068 is supported
2) Short if price rejected at dotted trend line / channel's
supply line.
Weekly = Higher vol + narrower spread down bar,
close off low = demand coming in
Daily = Ave vol down bar close off low = minor demand
H4: Very high vol down bar followed by DoS up bar =
demand coming in
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 13200 12735
12140 11647 11393
11068 10359 - 10532
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NQ1! AnalysisAfter we have had a rejection at the level of the demand zone we will see either a correction at the level of 12000 or if we will have a breakout and a close of a candle above the demand zone we will see a continuation of the downtrend
NQ is getting close to its first main target of 11180Its getting close, should hit next week.
Its still not a place to be long imo, we are still in a rabbit hole
SPX can see 3200 level next month!
Powell damage control is here, dont get trapped if we go up into the close
BTW here is a link from days ago, you know where the price is now
NQ H&S or Bear flag?I want to see a final move down after FOMC, maybe lasting into tomorrow and then up into the 26-27th high.
On the other hand it can just blast of making a higher low to suck more bears in and stop the longs.
Make your bets, today will be volatile.
Main trend is still down. Im looking for a high on the 27th and sell hard into the EOM in Aug like move
NQ to make another daily engulfing pattern if we make below 790The price rejected the test of the broken trendline - perfect kiss of the death pattern.
My thoughts about a fakeout were too optimistic, I was looking to add to my NQ short at higher levels and it didnt present an opportunity.
Main target for this move is 11175-85 and possibly much lower.
Try not to day trade this, unless you're quick with taking profits and run
NQ same as the SPX, looking for a good size rally after the FOMC and fade completely by Friday
Going to short a bounce, if presented
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
NQ Zoomed out chartCheck the broken to the downside trend channel re-test NQ is having now.
So far its riding it from the bottom.
I wont count out a fakeout move up to 12150-60 or even 12240-50 and then going back below the bottom of the trend channel.
Support is at 11900 for tomorrow long try. If we see that level during the open time, I will be taking long for a 100+ points ride up.
The most bullish case is - re visit 12700 level.
But the time is really running out and unless we get a huge squeeze tomorrow, I think the upside will be very limited and the price will eventually get to my main target - 11175-200 and maybe much lower.
Oct should mark the low and Im wondering if we even see 9-10k zone tested.
So far Im planning on adding to my swing short tomorrow and just seat on it till after the FOMC decision move.
Im running some ES longs against my main NQ short, ready to cut at 3919ES level.
This is my working chart and I have hided as many indicators as possible, so you all can see the chart more clear then it is:)
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
NQ1HELLO GUYS THIS MY IDEA 💡ABOUT NQ1 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
