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Nq100

NQ1!, Market is in the Breakout ModeThe 7940, a monthly point of control, rejection right from the getgo set the tone for today's day session. A trending up price action and momentum broke the recent balance to upside. Market is in uncharted territory making new highs. This is happened ahead of the big techs earnings and GDP report later this week. What we need to see that this breakout sticks . Shorting is risky at this point unless the news driven moves start invalidating the breakout. Usually, the strong bullish sentiment would continue to stay for several days and aggressive buying would occur at every minor pullback. Stay nimble. 07/24/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Neutral-Bullish Bias Remains IntactRight off the day session opening the market offered a short opportunity. Failure to take out the over-night high attracted the sellers. Plus this is all about risk/reward. The upside was questionable. The smaller timeframes were flashing overbought conditions. As you can see from the chart the sellers brought the price to the dotted line. The oversold condition, inflection point and positive divergence seen on smaller timeframe offer a long opportunity. During the afternoon session a China related news created a momentum and pushed the pice even beyond anticipated target. The price moved almost to the balance top. That's why the bias is Neutral-Bullish. As I mentioned in the previous post the swings are within a large balance. If the buyers break the balance to upside the market will be trending to new highs. Stay nimble. 07/23/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Short term ReversalResponsive buyers were active the entire session. Bottom of the balance, oversold condition and a false breakdown created a buyers revenge trade. This is one of the potential scenarios I outlined in my previous post. The market is in the balanced state. Until the balance is resolved we can see swings back and forth that mean nothing. The challenge is to detect, and this is could be done on the lower timeframes, what side takes a turn and ride with it. We may see a completely opposite move tomorrow. 07/22/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Price is at important support level.Friday's day session offered a short opportunity right from the opening. A false breakout in pre-market sealed the deal for the sellers. The prices trended lower the whole day and offered a long opportunity off the 7900 level. One need to realize why Friday's are different: - the last day of trading before the weekend - options expiration. From the chart you can see that the price traveled from the top of the balance to the very bottom. It is exhausted, and the RSI is close to oversold. The downside continuation is possible, like anything when it comes to the market, but keep in mind that shorting at this point is riskier. It is better to see a bounce and then attempt to rip it. The level where the price is parked before the weekend is not only the bottom of the balance, this is also a month of July point of control. Also keep in mind that double bottom has high odds to attract the buyers in attempt to turn around. If you are a day trader you can take advantage of that level and attempt long. If your mind is set for shorting then it is better to asses the situation first. Possible scenarios: 1. A pause at the level, consolidation between 2 dotted lines above and below the main level which would serve as a pivot 2. A move lower with a sharp rejection suggesting a false breakdown. Bulls revenge comes after that. 3. A strong move down with high volume without a pause targeting to retest July's low and June's point of control We are in the midst of the earnings season and the mega techs will be reporting later this month. Stay nimble and objective. The price action is king. Your role is to see which scenario is unfolding and play the odds. 07/20/2019
CME_MINI:NQ1!
by SviCapital
1
Nasdaq: Aiming at 8000 after the current pull back.Nasdaq is currently pulling back on 4H (ADX = 31.230, Highs/Lows = -6.9555, B/BP = -62.1072) after the relentless run at the beginning of June. This pattern is identical to January - March 2018, when after the current pull back was completed a strong +8.60% rise took place. Our medium term TP is 8,000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:NQ1!Long
by InvestingScope
NQ1! - Support / Resistance ZonesAlthough there will be a counter move somewhere/some time against this recent push up, I'm more willing to be a buyer on weakness into the GREEN zone shown -- just as long as price doesn't cross over 7650/7700 beforehand. Should that happen, then retrace entries get tricky for me. Overall, I still expect price to move up to First Target (7650), Second Target (7700) with a higher probable target in the RED zone (7750) -- where I will wait for potential bias change to the downside and sell rallies. Any selling (after the first two targets are met) back down to the GREEN zone, may serve as a temporary floor/bounce, before moving under 7500.
CME_MINI:NQ1!Long
by ProSTrades
NQ1!, Inside Day, Be prepared for a Move TomorrowAn inside day that offered short and long opportunities. Usually, such days are a prelude for volatility spike and range expansion the following day. Be on a look out. I have adjusted the last box moving up the balance bottom higher. Here is the reason: it would more crucial for the buyers to hold that bottom . As you can see that bottom is a multi day bottom, and a break of the 20 EMA. If the buyers loose it it would be quite bearish. Neither Econo report made a difference on the price action today. The RTH session ended up with a doji daily candle with a slight bullish skew. If the buyers capitalize on today's gain then my preference is to see the expansion to upside. Keep in mind, tomorrow is end of the week, quarter, and month. Plus OPEX. All that only adds odds to volatility expansion. 03/28/2019
CME_MINI:NQ1!
by SviCapital
1
NQ1!, Market is Addressing the Weak StructureToday's action had a complete sense. In the previous post I mentioned a channel structure , part of the flag pattern, that may serve as a bull trap (see the chart). The sellers broke that channel and that accelerated the downside move. It was a decent short setup. Then the price hit daily 20 EMA which attracted long term buyers. A nice bounce that recovered 50% of the RTH session. The second setup was long. Could've been a bear rally? Sure, but nevertheless, bear rallies are quite violent and lucrative for day time trading. Today, the Apple saved the indices again. If not the Apple the downside move would've been much bigger. Out of the FAANG stocks only the AAPL was green all day long and had a decent gain. What to expect: 1. There is a possibility that the buyers will make a move to retest the broken channel where the sellers will have an opportunity to resume selling. 2. If the sellers push harder the anticipated downside target is bottom of the box. 3. There is a GDP report coming. That may interrupt the market action short term. When the dust settles we should see the continuation to the expected target. 4. It is possible that today's long term buyers turn around the price and start pushing higher back to the recent highs. If todays low is not breached then we may see a bottom of the range much sooner than expected. Watch for FAANG stocks to get a clue of what is coming. 03/27/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Sellers are Lurking in the DarkIn the Globex session the buyers were dominating. The price was grinding up all night. The momentum was picked up by the RTH buyers from the getgo but they failed. The sell side took a turn and dominated the entire RTH session. The sellers showed up at 61.8% of the downside swing. The buyers might have a chance if they continue a grinding up action. But they got exhausted moving too fast right into the resistance. Sometimes I think such moves are originated by the sellers themselves who want to sell at specific price level. They just need to push the price and suck in new buyers creating enough liquidity. From the market structure perspective no changes. As I mentioned in the previous post when the bias is neutral and the scene of crime is in middle of the projected area (the box) both sides make swings trying to run stops and create momentum trades. What to expect: 1. If the buyers manage to hold the last 2 days low they have a chance to retest today's high. In case of a strong upside momentum they may have a chance to retest the recent high. It is within a day reach base on the current volatility level. 2. Loosing the recent days low would open a door to retest the bottom of the balance. It is too early to say but from a price pattern perspective we may have a channel forming (shown on the chart) that may serve as a bull trap. 03/26/2019
CME_MINI:NQ1!
by SviCapital
4
NQ1!, No strong Selling, Balanced SessionThere is no strong selling during the RTH session. In fact, it was a very balanced session offering trading opportunities for buyers and sellers. If today's low is not breached we may see an upside move into Friday's range. That would be a sign of buyers stepping in. My anticipation is for the price to balance within the last box. Only breaching it to downside or upside would provide a market direction. The short and intermediate biases remain neutral while the large is bullish. 03/25/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Strong Rejection Suggest the Short term TopA strong down move initiated from the Globex session found continuation in the RTH. Not often we can see the Globex and the RTH traders agendas in sync. A rejection from the large timeframe resistance suggests that the price discovery is done and the short term top is established. We may see a continuation to the downside to solidify the balance bottom. On the chart the last box bottom is an approximation based on the recent action. But the market will make the last stroke and show the exact place. The short term bias now is neutral. The large and intermediate biases remain bullish. During the RTH session the FOMC level 7376.25 found some buyers. It provided a tradeable reaction to upside. But eventually, the sellers overpowered and made a new low. The price hit a good support level which is a confluence with a VWAP originated from 7072.75 launching point(RTH). I added a Fib retracement on the recent upside swing. As you can see the price did not reach 38.2%. The buyers can show up at those levels and reverse targeting the balance top and even higher. With increased volatility and daily ranges that recovery is not hard to achieve for the buyers. In the following days we may see a battle between buyers and sellers, a blow exhange, and spike in volatility. This is typical when the bias shifts to neutral. Being in the middle of the projected balance the price will be going up and down meaninglessly. Momentum trades will dominate creating larger swings. It requires to read the market in real-time. Outside of the price action analysis: There is a beginning of the share buy back blackout period. That could slow down the buyers and only increase the odds for choppy action. Have a nice weekend 03/22/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Apple-mania Makes a New High The market made a significant move today driven by a panic buying of beloved FANG stocks and especially the Apple. The Globex session suggested a weak opening especially after yesterday's FOMC move that was completely faded. But the buying from getgo immediately set the tone. In such days it is not easy to get on board. The Algos were in a rush to buy, like there is no tomorrow, not giving a chance for a decent pullback. The love for FANG stocks is in the air again. Until that love turns into a hate the indices will be marching up. The price hit a marked on the chart resistance level. I did not expect to see it hit today. Will we see some notable pullback? During the RTH session the resistance has provided a shallow pullback. I even shorted it but managed to squeeze 10 handles only. It was not worth it to attempt considering such a strong bullish momentum. It was simply too risky. Tommorow is Friday and usually the buyers want to close that weekly candle in green. The bias across all the timeframes is bullish. Such bias does not die overnight. Pullbacks will find new buyers who missed the move. However, one need to consider a decent location or stay on the sideline until the dust settles. 03/21/2019
CME_MINI:NQ1!
by SviCapital
9