NQ not much to addNot much to add, didnt trade today, didnt miss much.
Im flat at the moment except few ES under the water shorts (I always have long term runners and only have 30MNQ going on the long side against 20MNQ short; no more long term ES, more on the short side, all long term holds, as Im fine to take a heat on some)
Will be shorting tomorrow am if we get any higher, will be short over the weekend.
It seems we will be a shallow pullback, the window for the low is 15-16th, should start moving on Monday if not tomorrow.
When we get a volatility, then I will be posting more. Not much volatility these days, no fun.
Nq100
NQ has a better ABc structure then the SPXNQ went down into the upper trend channel into the close, fake breakout imo.
This move should be over tomorrow if it was not today. My turning day is 4th on SPX and DOW.
There are 2 targets I have on the downside and I favour second more then the first one.
- 12500
- 12075
The low should come on the 15-16th and one more rally into EOM or early Sep to finish the bigger B.
It can stretch into the 14000 zone and should top in between of 50 and 61.8 retracement and fall apart into the Oct low.
Im planning on shorting AH's or tomorrow am.
NQ almost hit my target zone, expect a test of the mid channelNQ almost hit my target zone, expect a test of the mid channel if not more.
I still day trade this, no swing positions, only ES from Fri.
All depends on how we will be closing today, might enter with either long or short for tomorrow
Tomorrow is a turning day, it can be a move in one direction.
VIX has a long signal, be careful if long indexes
NASDAQ Engulfing to down in 30 minutes chartEngulfing candles on Nasdaq at 30 minutes.
Artificial Pump is over.
I really do not understand how idiotic could people be buying #stonks from companies after their negative earning reports and fed hikes of interest rates.
How could one invest into something knowing that it will lose your money.
Imminent #bigcursh coming
- big companies reporting negative #earnings <=> Markets continue pumping up
- #interestrates increased worldwide <=> Markets still continue pumping up
- #GDP shrinking <=> Markets continue pumping up more
Even a small #BlackSwan and all will crush
Equities is going to break the box after FOMCMy new view after FOMC, the shoulder head shoulder was invalid, now I focus to next resistant at 13000.
Nasdaq 100 - NQ1! follows through with a relief rally A week ago, we abruptly warned investors that the stock market might be positioning itself for a significant bear market rally in the short term. We also clarified that we expected this move to range between 5-10%. Since then, the Nasdaq index has risen more than 5%. Currently, NQ1! (continuous futures) trades near 12 440 USD. We remain bearish in the medium/long-term; however, in the short-term, we think the index might continue higher and possibly test the resistance in the vicinity of 13 000 USD. This short-term view is supported mainly by technical factors.
Meanwhile, fundamental factors continue to stay bearish. Higher interest rates, economic tightening, and looming recession pose a threat to the U.S. economy. Indeed, we think the rally might be put to an end if the FED follows through with the rumored rate hike on 27the July 2022. That would further pressure the U.S. economy, which is already at a weak point.
In our opinion, the bear market rally's presence is also indicated by the enormous magnitude of moves across various stocks. Historically, bear market rallies tended to perform very well, often in double digits. That, in return, often led to confusing market participants who would later feed the cycle of buying and selling. Because of that, we think it is premature to say that the bear market is over.
Illustration 1.01
The bullish breakout occurred, further bolstering the bullish case in the short term.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are all bullish. The same applies to DM+ and DM-. The ADX contains a relatively low value, which indicates that the trend is weak. Overall, the daily time frame is bullish but with a weak trend.
Illustration 1.02
The chart shows simple support and resistance lines.
Technical analysis - weekly time frame
RSI is bullish. MACD performed a bullish crossover. Stochastic reversed to the upside. DM+ and DM- remain bearish. Overall, the weekly time frame is slightly bullish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BTC - A breakdown at downtrend breakout area looking for 19779BTC - A breakdown here at downtrend breakout area looking for 19779 (short scalp)
Macro bearish
______________________________________________________________________________________________________________________
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Nasdaq Short ContinuationQuantitative Tightening still squeezing commodities, index, and stock market to go even lower. Even DXY keep continuing their bullish trend. Here is the best area to sell of Nasdaq on a short term. Remember to look for a change of character on lower time frame (5-3-1 minutes) to find strong confirmation for enter a position after the price hit the POI 4h. I am open to discussion in my comment section down below. Cheers.