#NQ_F $NQ_F #nasdaq new analysis 4/5 and price level targetsContinuation previous analysis( look past ideas on NQ) , Long at close above mini down drend ( yellow line). Short at entry.
Nq_f
$nq_f #NQ_F Analysis for 4/3 week.Long at close above 6461. Short targets these week, expecting volatility. Yellow line down trend, possible for price rally to long target 3 and come down to rebounce at the line. Given more options to profit, close trade and re entry. Play safe!
Can we get a pop?Can we see Nasdaq closing the week at a record high and S&P 500 breaking through the falling trendline and horizontal resistance? If not today, I'd be expecting this early next week.
Hope we don't see a big red candle today as this would negate the view.
NASDAQ FUTURES BTFD or STFP?NASDAQ FUTURES looking to be the strongest out of the indices. it is the only one that has held the 100MA firmly, expect a pop to 50MA on this one, or at the very least a pop to $6500 or slightly higher before switching from long to short.
BTCUSD & Nasdaq Correlation ($QQQ)I guess it makes sense in some ways, but BitCoin being the currency that it is shouldn't really have such a trend correlation with the Nasdaq 100/$QQQ/$NDX
Because of the volatility of BitCoin and the spikes (up and down) being so vastly greater than that of the $NDX, the way they move together isn't necessarily obvious to see...I drew some lines to show some of the more obvious high and low synch-ups, but
I tried this out Friday, in terms of trading BitCoin based on how $NQ_F (the Nasdaq Futures) were performing and it yielded some great results. I'm going to continue trying this out and will post again if I see a break in the correlation.
Cheers and comments always welcome!
Momentum Names Leading Nasdaq100 ToppingNQ sits above long term channel resistance, and is likely to fall back into the channel this week given the pressure on NQ's weekly RSI, Stochastics and MACD which are rolling over from recent tops. High momentum names like Netflix (NFLX) and Tesla (TSLA) continue leading the topping process on NQ, anticipating the end of US QE in October. Visit goo.gl for today's technical analysis on $VIX_F, $NQ_F, $NFLX, $TSLA, $ES_F, $ZC_F, $NG_F, $CT_F, $USDX, $USDJPY, $EURUSD, $EURCHF
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