NQ target 11800NQ is in its bear flag channel, has a confluence target of 11800 and support at 11640
Nq100
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week - Use This
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week
Last week NQ Scenario1+3 played out well for shorts and longs.
- Minor strength displayed on all 3 TFs
- Descending narrowing wedge
??Is the bottom near??
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
4) <10000 = Devious scenario of hopelessness before market bottoms
Weekly = Ave vol Down off low (and > vol than previous bar) = some minor strength
Daily = Ave vol up bar close at high = minor strength.
H4: Indecisive - Effort no Result for shorts = minor strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442 11348 11068 10359
<10,000 break of psychology support
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NQ MUST HOLD HERENQ hit 1.618 off the highs and 61.8 retracement off the lows. Must hold here and propel to 11800+
Moment of truth
NQ must hold 11500-30 zone! Bullish setup into the EOMNQ is setting up a fake breakdown imo and should be stopped at 11530 zone, 11500 is a must hold for today for any bullish setup going into the EOM
Im expecting a good size rally starting today or tomorrow am, so a long setup from a bit lower is something what Im looking for
supply areathe price is rallying into a weekly (yellow) and daily (blue) supply zone and I expecting the price drop from it.
Nasdaq 100 - A new low confirms that downtrend will continueToday, the Nasdaq 100 index erased its gains from the preceding day, hitting all our previous price targets for NQ1! and QQQ. Therefore, we would like to update our thoughts on the index. We remain bearish due to fundamental factors pointing to a strong recession. However, technical factors also support this pessimistic thesis. Due to that, we would like to set a new price target for NQ1! at 10 500 USD and 10 000 USD. We would also like to set a new price target for QQQ at 265 USD and 260 USD.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Illustration 1.01
Moving averages continue to confirm the downtrend. Although volume declines slightly, we will pay close attention to it. If volume continues to fall further, it might foreshadow an upcoming “bear market rally.” However, if the support is broken, then the selloff is likely to accelerate.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
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.
NQ a bad seyup for lower, targets 10640, ES same setupA bad setup for lower here, better be a fakedown or 10640 is next
NQ hit the support trendlineGetting some longs here
Looking for a support to be found around here together with the ES
Looking to hold till end of the next week. Stops are must to have!
NQ must hold the lowIdeally we hold the overnight lows, otherwise next stop is 180 level and 11000-10950.
Im leaning up and green close for today going into tomorrow
Make it or break it NQ!!NQ may hold here for a couple of days/weeks, but if it does not, things can accelerate to the downside.
As usual, this is Not a financial advice, good luck!
NQ hit my long term target of 11500-550, visual updateNQ is going after 3x of extension to 11180 zone, lots of support in 11000 zone as well. So stretch as the SPX.
Expect a huge bounce, should ideally hit 13500+ during the summer rally
This is how you can recognize a trending marketUse the Mid Bollinger to determine a trending market.
So far we perfectly hit 2.618 off the H&S breakdown, next is 300% at 11180 zone in case its really extending.
BTW Monday crashes are most important to watch with following tun Tuesday. When Tuesday can get below Mon lows but has to close above Monday's close and Wednesday's close as well to confirm the bottom!
Nasdaq 100 - The FOMC threatens further rise of NQ1!Over the past week, the Nasdaq 100 index has been choppy. Meanwhile, the volatility has dropped and many analysts rushed to call the bottom for the stock market. We repeated several times that we do not believe this bullish narrative. Instead, we expressed our belief in the short-lived “bear market rally”. We still maintain this notion and expect the market to continue lower. Therefore, we would like to set a price target for NQ1! to 12 500 USD and 12 250 USD.
Fundamental factors
We expect the FED to raise interest rates next week, which in turn will put more pressure on the economy. At the same time, we expect economic tightening to further deteriorate the economic situation. As a result, we are bearish on the Nasdaq 100 index and the U.S. economy.
Illustration 1.01
Illustration 1.01 shows the daily chart of NQ1!. The choppy price action occurs mostly within the neutral zone. We anticipate a breakout to the downside.
Technical analysis - daily time frame
RSI is neutral. The same applies to MACD. Stochastic oscillates in the bullish area. DM+ and DM- produce whipsaws. ADX suggests the trend is turning neutral. Overall, the daily time frame is neutral.
Illustration 1.02
The picture above shows a series of false breakouts above the hourly downward sloping channel.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NQ update - looking to buy am lowNQ is going after the breakdown zone test as well as the mid Bollinger test.
Seems we will sell off after the numbers and test the bottom of the channel and then move up.
My game Plan for tomorrow is buy the am low
NQLikely has another correction to finish before the 4th wave bottom is confirmed, a rejection has happened off the LT channel bottom TL and now the Vix has some momo on the daily chart. I expect a double bottom type move b4 grinding higher to capitulate the last of the bear market is here now and sell everything gang that has been running the markets since Feb 2022.
GL guys big mike loves u.
NQ cant reclaim the mid of the channelI know there are too many lines for some, but they are important to me. Just pay attention to the green trend channel and the blue doted mid of the channel line
NQ is supporting a view I have on the SPX, looking for some lower (NQ down to the low of the channel line before a fakeout.
NQ is getting close to a long setup invalidation12470 is a must hold, or we are going down to test the low of the channel
Im buying here with a stop for a rally to AH's highs and ideally more
Bullz are running out of time to push it higher
NQ is set to hold here - 12400 is importantLoose 12400, we will see 12100
12385 is the second trendline support.
Lots of confluence to hold from the open!
Im stating longs here
NQ reached almost 61.8% Im short aditional tranche Stop above the high.
Low by Tuesday, then continuation higher, possible W pattern if zoomed out
NQ is short term bearish Main support zone! 12400 must hold on any test attempts for higher levels!
Im seeing this structure short term bearish, medium term is bullish.
A move down to 12100 is what Im looking to get hit before we continue higher to well above 13000
Supports:
12550
12495
Main target 12100
Im expecting a low to get hit by sometime Tuesday, pathway is shown on the chart
NQ bull flaggin and holding the mid channelIm thinking its a bull trap, unless we break 883, we should make a higher low into pre-fed, then rally up.
Breaking above 883 will get us to 13410 or so, which coincides with SPX closing the gap at 4300 level
Nasdaq: Get Down to Business!Or rather get up to business as that’s the direction to go for Nasdaq. The tech-index should move above the resistance at 13583 points to complete wave i in magenta at about 1500 points before starting a countermovement downwards to finish wave ii in magenta. However, as long as Nasdaq has not made it above 13583 points, we still must allow for our alternative scenario, which would come into play if the index were to fall below the support at 11491 points.
nq100 needs to rest do not buy herebe ready for a beautiful sellshort on nasdaq.
1.strong resistance
2.overbought
3.nasdaq does lots of V moves so ...
