New Monday For Nasadaq Trading Strategy 25.01.04Hello, this is Greedy All-Day.
Today, we’ll be analyzing the NASDAQ, focusing on recent results and strategies for Monday's market.
Friday’s Briefing Results
Buy Signal:
Trigger: Breakout above the resistance trendline and the 21360.
Outcome: The NASDAQ experienced significant upside, though it did not reach the maximum target of 21575.
Profit: The price movement offered approximately $5,000 per contract for a range of 250 points.
Sell Signal:
Trigger: A break below 21120 was required for sell entry.
Outcome: The level was not breached, so no sell trades were triggered.
Monday’s Market Strategy
Let’s first analyze the daily chart:
Following Thursday’s decline, the price tested the Ichimoku Cloud's support.
Although the 20 EMA wasn’t touched, the daily candle closed as a bullish candle.
Notably, the Lagging Span found support at the candles, which can be seen in the green box.
Key Resistance: If the price breaks above the 20 EMA, the next major resistance is 21812, supported by the blue box candlesticks as evidence.
Buy Entry Points
Recommended Buy Zones:
First Entry: Above 21575
Reasoning: This level represents the resistance encountered during the December 30 session and Friday’s high.
Caution: A breakout above the Daily 20 EMA is essential; otherwise, resistance is likely.
Targets:
TP1: 21645
TP2: 21670
TP3: 21740
Second Entry: Above 21746 + Resistance Trendline Breakout
Reasoning: Breaking the black box supply zone opens the door for a one-way rally, as there are no significant overhead resistances.
This scenario also implies a clear breakout above the daily 20 EMA, signaling strong bullish momentum barring any unexpected news.
Targets:
TP1: 21812
TP2: 21895
TP3: 21935
Sell Entry Points
Recommended Sell Zone:
Trigger: Break below the ascending trendline + 21345
Reasoning:
Historical support at 21345 has been confirmed multiple times (black box zone).
A break below this level, coupled with a trendline breakdown, would suggest a shift to a corrective trend.
Additionally, this level acted as a pullback zone during Friday’s rally, suggesting significant supply if revisited.
Targets:
TP1: 21265
TP2: 21206
TP3: 21120
Extended Scenario:
If 21120 (marked in the blue box) is breached, additional downside is likely.
While new entries are not recommended, breaking this level increases the probability of testing Thursday’s low.
Conclusion
The market showed downward momentum from Monday to Thursday last week, followed by a recovery on Friday.
As a futures trader, I always consider both bullish and bearish scenarios, emphasizing the importance of flexibility and preparation. This approach ensures we can adapt to any market conditions effectively.
Take some time to rest over the weekend, and let’s aim for another successful trading week ahead. 🚀