MNQ1! trade ideas
NQ Power Range Report with FIB Ext - 7/8/2024 SessionCME_MINI:NQU2024
- PR High: 20618.00
- PR Low: 20581.25
- NZ Spread: 82.25
No key economic calendar event
Hanging below Friday's high
- Daily print showing strength in ATHs
Evening Stats (As of 10:45 PM 7/7)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 252.98
- Volume: 16K
- Open Int: 265K
- Trend Grade: Bull
- From BA ATH: -0.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
THE ONLY TRADES I'M TAKING - KEY LEVELSI went ahead and marked out a few key levels that I am interested in trading in the next 24 hours.
WE CAN ALSO FLIP THE RESISTANCE INTO SUPPORT. If that happens a would be interested in a long on the retest,
Let me know your thoughts below.
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Will we be seeing lower prices for MNQ or Find Support?Watching this area here -- I would like to see price go lower due tot he fact that we already took out the highs on MNQ while ES seems to have a failed high. But We do have an area of support here being this Breaker Block area. Our SL is already past BE just in case. We would like to see price fall faster lower if we are to remain bearish to begin the start of the week.
Funded Trader Explaining Daily Range Break EntriesIn this video I give my exact daily range break strategy and the indicators I use to simplify it.
20240705 NQPA made ss raid and bs raid secondly on the NPF release. I anticipate downside move to the DOL TGIF level. I would like to see the corrective retracement to the upside. The break of the d ss level will be very serious sign of the reversal but it will be less probable to see a substantial retracement to the upside after that decisive break lower. All in all I anticipate downside move after this upside spike on the NFP news release at 8.30am.
Non-Farm Employment ChangeAfter analyzing the market and seeing the high impact news, it looks like we will be bearish today. Stay tuned
NQ Either a double top on the 30 minute timeframe or a breakoutLet's see if NQ can go positive for the day breaking highs once again?
Trend and Moving averages are bullish with ALGO BUY. There will always be a retest so that's option #2.
Nasdaq Poised to Break Past 20,435.75 on Economic Data HopesThe Nasdaq is approaching the 20,435.75 mark, driven by optimism around a potential Fed rate cut in September. Recent economic data, including softer PMI and factory orders, has fueled hopes of easing monetary policy. Despite a shortened trading session ahead of Independence Day, tech stocks are leading the charge. Anticipation of a rate cut has boosted market sentiment, encouraging investors to rally around high-momentum tech stocks. Keep an eye on this key level as the market continues to respond to economic indicators.
NQ Power Range Report with FIB Ext - 7/5/2024 SessionCME_MINI:NQU2024
- PR High: 20390.75
- PR Low: 20361.00
- NZ Spread: 66.75
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
11:00 | Fed Monetary Policy Report
Breaching new ATH from Wed push
- AMP temp margin increase in prep for anticipated economic news based vol spike
Evening Stats (As of 11:05 PM 7/4)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 253.81
- Volume: 62K
- Open Int: 257K
- Trend Grade: Bull
- From BA ATH: -0.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20383
- Mid: 19246
- Short: 17533
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
Live NASDAQ trading | Trend Analysis link on my descriptionWe'll dive deep into the 5-minute chart, pinpointing crucial buy and sell points for S&P500 and Nasdaq. By following our live analysis, you'll be better prepared to make swift and informed trading decisions, whether you're an experienced trader or just getting started.
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In this video topic:--- In this live streaming video, we'll be watching the stock market and day trading stocks on the NASDAQ and NYSE. We'll be using US2000 as our base stock.
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In this live streaming video, I'm going to be trading stocks on the NYSE and NASDAQ. I'll be trading US2000 stocks, which are the biggest stocks on the NASDAQ and the NYSE.
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Week of June 30 NQ/10Y/CL/GCWeek of June 24 NQ/10Y/CL/GC
I'm back! After a much needed vacation and a break from the charts at ATH - I am BACK on TradingView with a fresh weekly forecast.
This week will mark the start of Q3 - which is really important as we need to check back to reference the quarterly charts to see if there is any unfinished business we left behind. I am expecting Q3 to mark the final high in a parabolic fashion - that we wont see again in our lifetimes.
I will be discussing the Nasdaq NQ1! and the Dow YM1! as these 2 components when averaged together - constitute the SPX.
Nasdaq has a Quarterly IRL that we need to visit and rebalance. We saw a decent sell-off at the start of Jan and April for the start of Q1 and Q2 - I am expecting somewhat similar into July for Q3. SPX and the NDX are the only things that actually have a quarterly IRL to go revisit from here - so a slight pullback in tech and then the market is ready to run.
Weekly I wanna see this weeks high or possibly ATH swept to start a sell program to fill this qIRL. Downside targets could be anywhere between 18-18.6k.
We will know more once we see where it bottoms.
10yr backed up a little this week - but we are continuing our march lower. Bonds are SLOW moving - but they are clean.
Rates are headed lower because the global economy is weakening - and the bond market knows that. Stocks don't tend to ask WHY rates are dropping - at least not at first.
OIl has gone nowhere - we are the same price as April and October 23. I have no weekly context on oil so there is no trade for me in there - for now.
Gold was flat on the week - but it looks like the final move higher is coming soon.
From HERE - I want to see us flush back to the 2250 area - there is a confluence down there on the quarterly and weekly charts of a volume imbalance - and it also happens to be the quarterly CE.
Timing of this would make sense too - as precious metals and energy are typically the LAST sectors to rally in the final stage of a bull-market.
So here is the setup I am watching for this week;
I am looking for indexes to start a pullback this week led by NQ. Any pullback I expect to be fast and sharp - so that nobody can capitalize on it. Set your alerts - I am looking for ~ 18.5k on NQ1!
I want to see Gold sweep the 2304 level, the continue to nATH.
Until next week - We'll be watching.
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Proof News Data Doesn't Matter (NQ)News will come out to whatever it will be and it'll still drop to those lows. It will not continue higher until so. Maybe retrace deep but it cannot leave long term without them.
Nasdaq NarrativeShort Term Bias is Bearish. Reversal is currently unclear, I am currently only looking for shorts (To Catch The Retracement Lower Of The HTF Bullish Trend). I'll only go long when all time Frames become bullish-> When price sweeps sell side liquidity & reaches into a HTF inefficiency that way it'll be setup for longs.
I'll find my short setup once there's an SMT Divergence & MSS on the 5M Chart MINIMUM
NQ Power Range Report with FIB Ext - 7/3/2024 SessionCME_MINI:NQU2024
- PR High: 20251.25
- PR Low: 20231.50
- NZ Spread: 44.25
Key economic calendar events
08:15 | ADP Nonfarm Employment Change
08:30 | Initial Jobless Claims
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
10:30 | Crude Oil Inventories
13:00 | Early Close for US Independence Day
14:00 | FOMC Meeting Minutes
Returning to ATH range
Evening Stats (As of 10:25 PM 7/2)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 253.85
- Volume: 10K
- Open Int: 261K
- Trend Grade: Bull
- From BA ATH: -0.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20383
- Mid: 19246
- Short: 17533
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
2024-07-02 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
nasdaq e-mini futures
comment: What a bull day… Just straight up buying all the way up. Market did not touch the 15m ema once since 30mins before us open. Happy for everyone who were long since below 19970 and held. Still a lower high but given the strength of today, some follow through is expected.
current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. —unchanged
key levels: 19700 - 20100
bull case: Bulls want a measured move up from the strong buying today, which could bring this to 20600. Sounds insane but that’s what the chart is showing. First target for the bulls is till to make this a higher high again and for that they need to trade above 20273. If they do that, I don’t think this will be stopped until a much higher ath.
Invalidation is below 20100.
bear case: Not having much for the bears here. They just vanished today since US open. They need to do everything they can to keep this a lower high below 20273 or bulls will make a new ath. IF bears can reverse this, 20000 is the magnet we are oscillating around. I don’t have much fantasy how this market could do another meltup to be honest but price is truth and the chart is screaming “*explicit* your puts” and wants higher.
Invalidation is above 20273.
short term: Max bullish above 20273 for new ath but inner bear in me hopes this reverses again. I don’t have any open positions on this.
medium-long term: This climactic blow off top was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months.
current swing trade: None
trade of the day: just buy anywhere around the us open and hold. 15m ema was not touched once.
NQ Trend ExamplesI use trendlines a lot if you haven't noticed. I get a lot of questions about trend spotting and I think the NQ chart from the last few days was a great example of some different trends that break, but then reverse trend again. Lately trades haven't been seeing much follow through outside some of the stronger names, so I thought this might be helpful in showing how I determine when to enter and exit positions. You need both a trend break and confirmation, there are plenty of fakeouts.
