NQ1!, Bull Flag Resolution in Focus4 Weeks of consolidation within a bull flag formation. The bull flag pattern default outcome is a new leg up. A breakout may unleash enough energy to reach the resistance marked on the chart. A failure to put a new leg up is the pattern failure that opens the door to retest the bull' flag pole origin. The market needs a catalyst to resolve the flag. High odds setups are available at the edges of the flag and its midpoint.
12/3/2022
Nqfutures
NQ same chart, same levels Stopped at the first support, needs it to break to break the diamond pattern
I will post the diamond pattern NQ is currently in later when I have my computer on
My timing showing a high on 5-6th and then down into OPEX at min
It’s Friday, usual your money taker day, if in profit, take it and go enjoy your life and family!
NQ has the same as ES setupCurrently at the support zone, a long can be taken with a tight stop
Needs to test the bull trendline imo before any significant bounce.
For now its quite far way to test though.
NQ should be leading in big 4, so must watch on the decline we get next week.
Main resistance is the previous high into the resistance box, it has not to even get tested for lower lows to be seen.
If tested and taken, all the NQ downside targets like 8.5-9k will off the table, at least for the short term.
Must continue lower and test the first box of the support, if the bounce will be short lived and weak, expect more weakness into the main support zone and the uptrend channel test
SPX all eyes on my 4010.50 on closing level!We have touched the first target in am and sold off hard below maj resistance level - 4010.50SPX
Closing below will be very bearish.
Whatever the news triggered, was expecting those to come at any time.
Those in satanic club are pushing for the big war and it wont be bullish!!!
We should see lower lows in Dec, Nov should close lower and Dec will close higher then Nov.
Monthly lowest close will be in Jan and intraday low Mar/Apr
The maj flow from Europe should come next year and it will propel the markets up, hard!
So the next year buy should be a great long opportunity!
There is a huge liquidity crisis and FED's reduction started to hit the books today.
First low should come on Nov 17th and then bounce. Lower into EOM is what I see
NQ riding the trendline, it will loose it at some pointThat trendline (black) is what Im watching for the NQ to get a confirmation of a breakdown, without it it can extend higher.
Needs to break the line, close 1h under 11735 and re-test the broken trendline to confirm the top.
As stated before, Im going to reduce my protective longs by 50%, if we gap up tomorrow, already started here.
BTW one important thing is that NDX topped at the crossing of some very important trendlines, it was a trendline confluence today:)
NQ 4h canle crazinessWatch this candle close.
The vol is average, hunt for liquidity is whats happening out there.
Remember the latest Crypto move, it went up first right, the rest was history!
Now how many of you forgot what just happened with crypto is last 2 days after that move up?
People tend to have a short memory. Nov will be a bearish month after Oct bullishness.
This is another bear market rally, nothing else
NQ is in bear flag, as long as it holds those highs it shouldNQ is in bear flag, as long as it holds those highs it should see lower lows imo
Simple distribution and premium kill all day.
All the money seems are made during the open, now algo game
I would not do options, unless in and out as those loose value quick
VIX closed its gap and still in consolidation mode.
Ideally we bottom in Nov and see a good rally into Jan high.
NQ should see around 8.5k imo, waiting for the capitulation move
For now range trade, in and out.
NQ as long its below 10990-11000 its bearishI missed am rally, exited one long from yesterday at the open and didnt re buy again, was too slow
Now I have added back to my swing short here (some was sold at my 645 and 685 levels I posted yesterday)
Watch that bold support line, its a very important place for the price!
Congrats to those who took a long this am!
I was saying about this rally yesterday it came super fast.
Its Fri, do not over trade! Have stops if you are in green, it can turn against you at any time!
NQ support got sliced!10905NQ got sliced, now its a resistance. Want to see at least 1h candles to hold that level if tested to confirm the breakdown
Im still not in a crash mode till at least after the elections. But as mentioned before Nov will /can be very volatile and red month!
ES tested the broken support from the bottom.
I have entered with small long, will add