Nq short trading plan for jan 8so far we we have confirmed downtrend in nasdaq by force selling from last two trading days my idea for short trading in NQ/MNQ target sell area from 21487-97 targeting 21020 area CME_MINI:MNQ1!
MNQ1! trade ideas
Elliott Wave View: Nasdaq (NQ) Looking for Further Correction LoShort Term Elliott Wave view in Nasdaq (NQ) suggests rally to 22454.7 ended wave ((3)). Pullback in wave ((4)) is now in progress as a zigzag Elliott Wave structure. Down from wave ((3)), wave 1 ended at 22206 and rally in wave 2 ended at 22387.75. The Index resumed lower in wave 3 towards 21311 and rally in wave 4 ended at 21697.75. Final leg wave 5 lower ended at 21006.5 which completed wave (A). Rally in wave (B) unfolded as a zigzag structure. Up from wave (A), wave A ended at 21812.25 and wave B ended at 21476.75. Wave C higher ended at 22111.25 which completed wave (B) in higher degree.
The Index has turned lower in wave (C). Down from wave (B), wave ((i)) ended at 21870.25 and wave ((ii)) ended at 22076.25. Wave ((iii)) lower ended at 21253 and rally in wave ((iv)) ended at 21571. Wave ((v)) lower ended at 21121.75 which completed wave 1 in higher degree. Rally in wave 2 unfolded as an expanded flat where wave ((a)) ended at 21490.5 and wave ((b)) ended at 20983.75. Wave ((c)) higher ended at 21896.75 which completed wave 2 in higher degree. The Index then turns lower again in wave 3. Near term, as far as pivot at 22454.77 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
Nas100 Market Performance and Direction (updated) Tuesday: Intra Day Market Update
Nas100 so far has had a range of 600 +- point.
Currently below our beginning opening price.
Bouncing off *Resistance Zone 1.
________
Previous Outlook:
Market Anticipated Performance:
- The Markets will Range till after the Inauguration and after earnings report.
- My bias is a range of 1,300 +- points , from 20,800 +- to 22,100.
________
Weekly Bias:
Price peaking at 22,425 +- (ATH's), has retraced and seems to be ranging; within previous bias.
Caution: Even though Weekly Trend is Bullish, lower timeframes like the Daily look bearish.
Daily Bias:
Currently the market is creating Lower High's - However, it created near equal Lower Lows, indicating a Strong level of support.
Current price action indicates a continuation to *Support 0. With a possible drop to *Resistance 1 (20,670 +-)
Hourly Bias:
Hourly bias is bearish; confirming Daily bias and direction.
5 Minutes Bias:
Current price action suggest a recovery from Tuesday's drop (9:50 PM EST).
____________
*** I remain with my previous bias for the week.
Market Anticipated Performance:
- The Markets will Range till after the Inauguration and after earnings report.
- My bias is a range of 1,300 +- points , from 20,800 +- to 22,100.
Considerations:
- Presidential inauguration, 01/20
- Earnings Reports, 01/20
- Red Folder News, 01/07 till *ongoing.
_____________
How to Trade for Week of 01/06/24 - 01/10/25:
- I am looking for price to retrace to *Area of Support 0. Where I look for a continuation down or a reversal.
- Zone to Zone and pattern trading till 01/20
Analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed lower due to disappointment following Nvidia's new product announcement. On the daily chart, the MACD failed to converge with the Signal line, turning downward, and strong selling pressure emerged. If the weekly chart shows a candle with an upper wick breaking below the 10-day moving average, a dead cross on the MACD is likely. On the daily chart, the index has found support twice at the 60-day moving average. However, if it breaks below this level during the current selling wave, there’s potential for further declines toward the monthly 5-day moving average at 20,880.
The 240-minute chart has triggered a sell signal around the MACD zero line, indicating the possibility of steep declines if selling continues. The Nasdaq is currently forming a pattern of lower highs, favoring sell-side strategies. However, with Friday's non-farm payroll data approaching, pre-market movement may remain range-bound.
Oil
Oil closed higher, finding support at the 5-day moving average. Although it hasn’t pulled back to the 3-week moving average on the weekly chart, continued gains this week could result in a candlestick pattern that reflects support at this level. Strong buying momentum persists on the daily chart, making buy-side strategies advantageous. Selling opportunities may arise if oil challenges the previous high at $76.
The steep divergence between current prices and daily moving averages suggests the need for some price or time correction to bring the moving averages closer. On the 240-minute chart, a sell signal emerged but was followed by a short-term rebound. Given the divergence and angles of the MACD and Signal lines, an immediate breakout to the upside seems unlikely. If prices rise but the MACD fails to form a golden cross, a pullback is likely. Avoid chasing the rally; instead, focus on buying dips at key levels and selling at highs.
Gold
Gold closed higher with an upper wick, showing significant volatility following economic data releases. On the daily chart, gold continues to consolidate within a range. As Friday’s non-farm payroll data approaches, further consolidation is likely, so avoid chasing buying at highs or selling at lows. The MACD and Signal lines on the daily chart show minimal divergence, indicating a range-bound movement.
On the 240-minute chart, another buy signal has appeared, but given the upcoming data releases, it’s more practical to approach this as part of a range-bound strategy rather than expecting a breakout. Exercise caution and focus on range-trading until clearer trends emerge.
■Pre-Market Trading Strategies
Nasdaq - Range-bound Market
-Buy Levels: 21,280 / 21,230 / 21,160 / 21,060 / 20,990
-Sell Levels: 21,450 / 21,505 / 21,555 / 21,600 / 21,680
Oil - Bullish Market
-Buy Levels: 74.20 / 73.80 / 73.10 / 72.70
-Sell Levels: 74.90 / 75.40 / 76.40 / 77.20
Gold - Range-bound Market
-Buy Levels: 2,659 / 2,654 / 2,649 / 2,644 / 2,635
-Sell Levels: 2,669 / 2,676 / 2,681
These strategies are applicable only during pre-market hours, with profit-taking and stop-loss levels set as follows: Nasdaq: 15 points, Oil and Gold: 15–20 ticks.
Trade successfully while keeping an eye on market indicators!
NAS 100 LongApproaching the lower bound of its daily volatility adjusted trading range. VIX remains under 19, macro continues to indicate accelerating inflation and growth as the commodity complex shows several recent changes in trend such as oil from bearish to bullish. In any case based on these factors along with the technicals and wave pattern this appears a decent point to take a long position in anticipation of new highs to come.
NQ LongWe are in a Bullish Weekly Profile with FOMC and unemployment news release on Wednesday
Monday made a high, Tuesday took out the Lows, Wednesday should now reclaim the high printed by Monday with News pushing prices higher.
Price has reacted off the 4H OB
5m timeframe now needs to make a CISD as we've already got a Breaker Block formed on the LTF.
Targets are Monday High.
| NASDAQ | Weekly outlook for NFP week.This week is active in terms of volatility, with JOLTS today at 10 AM, Unemployment Claims + FOMC tomorrow, and NFP on Friday.
The price shows a Market Maker Buy model framework on the daily chart, combined with a weekly distribution framework.
I would like to see a run at the liquidity generated by yesterday's economic news driver, although there is SMT divergence with ES! so it might not happen.
My ultimate target for the coming weeks is to visit the all-time high (ATH).
In the short term, the targets are yesterday's high and the high of the original consolidation of the MMBM framework on the daily chart.
NQ1! Day Trade 01/07/25NQ1! Day Trade 01/07/25
📈 22106
📉 21417
1/2 way mark 📈 21934.25 & 📉 21589.5
Like and share for more daily NQ levels 🤓
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
NQ Weekly Price ActionMassive Trend Line Broken and Closed on Weekly,
Looking for Heavy Crash Patterns in the Next Few Months,
Target Marked Below,
Good Luck.
BULLISH CONTEXTThe market is trading high
we have a MSS after trading in a 4H BISI and creatinn new order flow leg higher
Nasdaq Futures: Neutral Day or Breakout Ahead? Key SetupsIn today’s analysis of Nasdaq futures (Tuesday, January 7, 2025), we explore key price levels and potential strategies for both longs and shorts. The market remains in a range with important liquidity zones, but upcoming news could lead to significant moves.
📈 Long Opportunities: Watch for setups around 21,780 or retracements to 21,560, targeting 21,900 and 22,100.
📉 Short Setups: Focus on entries near 21,800 or 21,900, aiming for moves toward 21,650 and 21,560.
📊 Market Insights: Stay alert for key economic news at 10:00 AM (NY time), which may drive the price out of the current range.
Let us know in the comments if you’d like analysis on other assets or swing trading strategies. Don’t miss out—this video is packed with insights to help you navigate today’s market!
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$NQ MMBMAs mentioned at the beginning of the week, our DOL targets are being hit one by one. Now, we believe the price will begin the day’s opening with a bearish correction, aiming to capture internal liquidity in the discounted region, before resuming the bullish movement in search of the next targets.
NASDAQ possible Trade opportunities So we have bullish momentum as of right now so let's see if it will continue. I have 2 set ups that could play out. I personally like to get a closure above the zone with a retest showing the new support will hold before entering a trade. This pair can sometimes just keep going with a retest later on.
MNQ - Watch yesterday's London low carefully, we should rip highYou can see this play out much better on the 1 min chart:
The long and short story is that we have liquidity sitting on top of us and the bottom of current London session.
What they'll likely do is cover the entire daily session with liquidity from where yesterday's high's going to lows left off. Take price down to to "too much of an obvious liquidity point" (equal lows). I would expect that they induce everyone to long there, sharply take everyone out, but not go into the previous London low yet. They will force people to chase the low, providing liquidity on the backside, into yesterday's London low (which is daily low also).
Since it is a Tuesday, you get your market highs/lows on Tuesday apx 70% of the time statistically.... So I would expect the market to RIP super high from there and take out all of the sandwiched liquidity that will likely be engineered from what was left over from yesterday's AM/PM sessions, and the liquidity that will be engineered today.
Look for a very strong long opportunity at the bottom of Yesterday's London session low. Should be able to take it to the high today.
NQ1! Outlook - 7-1-2024The big imbalance with lots of volume has been mitigated, I now speculate that price will drop lower in to the demand zones below before going back up again.
NQ Power Range Report with FIB Ext - 1/7/2025 SessionCME_MINI:NQH2025
- PR High: 21796.25
- PR Low: 21768.75
- NZ Spread: 61.5
Key scheduled economic events:
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
- JOLTs Job Openings
Previous session run to 21900 inventory
- Rotating inside daily Keltner average cloud below previous session close
Session Open Stats (As of 12:45 AM 1/7)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 376.77
- Volume: 27K
- Open Int: 243K
- Trend Grade: Bull
- From BA ATH: -4.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Bullish on NQ until at least 21,800.00sslq was taken last week, and price has rebalanced to equilibrium following the most recently swing low after sslq was taken. I'm gonna target 21,800.00 at a minimum, which is a daily SIBI, and we'll see what price does from there
Pre-Market Analysis for Nasdaq, Oil, and Gold Futures The Nasdaq closed higher with an upper wick on the daily chart.
As mentioned previously, this week is expected to show buying pressure at the beginning, followed by selling pressure towards the latter half. After the 240-minute chart's buy signal, the daily chart's MACD is moving closer to the Signal line, indicating buying momentum. However, achieving a complete golden cross appears challenging due to the divergence and angle. The 21,900–22,000 range is considered a short-term high zone, where the market might either sharply drop after forming an upper wick or move sideways before failing the golden cross, leading to a downward shift in the MACD and a subsequent sell-off.
Notably, Nvidia, which has been driving the current index, continues to show strength. Monitoring Nvidia's previous high as a resistance point will be crucial. While the 240-minute chart exhibits strong buying pressure, the steep angle of the recent surge suggests that managing risk and opting for selling opportunities near the highs—rather than buying on dips—would be more advantageous. Additionally, keep an eye on key economic indicators such as the ISM Services Index and JOLTS report, which are scheduled for release today.
Crude oil closed lower with an upper wick.
Given its recent rapid surge, crude oil's daily chart shows significant divergence from the 5-day moving average. It is advantageous to focus on selling at the highs in this scenario. If the price pulls back to the 240-day moving average, observing whether it finds support will be critical. This week, oil could pull back to the 3-week moving average on the weekly chart and then rebound. Therefore, caution is advised against chasing the rally, and selling near previous highs would be prudent. However, buying on dips near the 3-week moving average could present an opportunity.
On the longer-term 240-minute chart, a bearish candlestick at the high has triggered a sell signal. It would be wise to anticipate potential sharp declines and prioritize selling during rebounds. For buying opportunities, it is recommended to act cautiously and at significantly lower levels.
Gold closed lower with a lower wick.
Ahead of Friday’s non-farm payroll data, gold is likely to remain range-bound in a consolidation phase. On the weekly chart, gold faces resistance from moving averages, and this week’s key data releases may determine its trend. On the daily chart, while a buy signal was generated, gold failed to make a significant surge, leading to the MACD and Signal line moving sideways.
With market flows becoming more uncertain, a range-bound strategy is advisable. On the 240-minute chart, gold could form a triangular consolidation pattern in the short term. Until Friday, trading within a range would be the most effective approach.
The weather has turned colder with a cold wave sweeping in, and flu season is here. Please take care of your health, and I wish you successful trading today!
■Nasdaq - Range-bound Market
-Buy Levels: 21,660 / 21,565 / 21,495 / 21,450
-Sell Levels: 21,885 / 21,940 / 22,005 / 22,045 / 22,110
■Oil - Bullish Market
-Buy Levels: 72.80 / 71.90 / 71.00
-Sell Levels: 73.60 / 74.20 / 74.85
■Gold - Range-bound Market
-Buy Levels: 2,641 / 2,635 / 2,625
-Sell Levels: 2,652 / 2,658 / 2,666 / 2,672
Entered a Sell earlier than London MNQUpon entering my POI i assumed risk and entered a short position targeting my Long term target 20680.00
Tuesday: Make Your Day a Payday with NASDAQ 25.01.07Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
Monday Trading Results
Buy Signals: The green boxes marked the buy entry zones for Monday’s session.
Sell Signals: No sell entries were triggered, so there is no commentary for sell trades.
Outcome: Both the first and second buy entries were activated, and all targets were achieved.
Profit: The price moved a total of 321 points, resulting in approximately $6,400 in profit per contract.
How Should We Approach Today’s Market?
Looking at the daily chart, the price appears to have entered the supply zone within the green box range, which spans 21619 to 21896.
While Monday’s bullish candle demonstrated strength, the upper wick formed during the U.S. session's close indicates that bullish momentum was met with selling pressure. This leaves a less-than-ideal setup for the bulls.
The trend is likely to continue in the direction of the breakout from this supply zone.
Today’s Trading Strategy
Buy Perspective:
Entry Trigger: A breakout above both the resistance trendline and Monday’s high at 21897 is recommended for a conservative buy entry.
Target Levels:
First resistance: The yellow box, which contains the purple resistance trendline.
Beyond this, the maximum target lies at 22111.
Scenario Analysis for Bulls:
Should the price rally, the green box zones (previous lows) will form a double bottom structure, providing a strong foundation for continued upside.
A breakout above 22111 would confirm a larger double bottom pattern, potentially paving the way for a rally toward previous highs or even new all-time highs.
Sell Perspective:
Entry Trigger: A break below the ascending trendline and Monday’s corrective low at 21619 serves as the sell signal.
Target Levels:
Maximum target: 21520
Beyond this, further downside is possible; however, key support zones are unclear due to differing stair-step patterns during recent rallies and corrections.
Conclusion
The NASDAQ is at a critical juncture, balancing between bullish potential and bearish risks:
For Buyers: Watch for a breakout above 21897 for potential upside to 22111 and beyond.
For Sellers: Monitor a breakdown below 21619, with 21520 as the initial target.
Be prepared for both scenarios, as the market continues to provide dynamic opportunities. Let’s stay sharp and trade wisely. 🚀
NQ: 118th trading session - recapNO TRADES TODAY
I'm basically just going over everything that has happened today.
So, as explained: Overall condition was ranging, although we had some bullish movement quite recently. This basically is just telling me that the price action today has a higher chance of ranging. Now, almost everyday price will start to consolidate in some sort of way after the opening (or even hours after it). This can be in form of tilted ranges to the upside/ downside, or overall just one big range (with smaller ranges within), OR, like today: Some small ranges.
Now, my main edge is profiting off of bigger moves and what I call "moving days" (= price doesn't stay in one range). This doesn't happen often, that's why I don't trade all the time.
That's also it is SO important to look at the opening price action and bullish/ bearish momentum, as it can often give us a picture of what COULD happen. And to noone's surprise: An opening like today, or overall a rangy/ no momentum ahh opening often signals a rather ranging day.
That's why I am now creating a really simple strategy based off of these ranging conditions. It's really just raw price action mixed with momentum and chart analysis.
I'm gonna post more often now, it is actually pretty fun. This is also for my astonishing 13 followers 💯
