Current Contract - Forward Contract (NQ1!-NQ2!)This crazy jump tells me that there is danger and nearby, more volatility is coming. You don't get this kind of range when things are good. Short-squeeze blow-off top at best.
Daily Scenario (September 19, 2024) for Nasdaq Movement:Here are the zones that "attract" me: My 4-hour trend is bullish, so I'm expecting to push towards a 15-minute low, and then create an SFP (Swing Failure Pattern) on it.
Friday analysisToday we don't have high impact news that can affect our market. I am waiting for sellside liquidity to pick up and then I will look for a buy entry. It's Friday. Be careful, the market can fool us. It's recommended that Monday and Friday we don't trade, but I hope we get lucky
Emini NasdaqThis analysis if for tomorrow price will touch the small blue line then reverse to fill the gap or touch the trend line
ES + NQ Fib Retracement ExamplesI don't use fib retracement levels much, but when we get a big move up or down I've found they can be quite useful for determining where a pullback or rally may reverse. We just had a great example of how you can use these retracement levels for practical trading purposes. ES and NQ both sold off in
a typical day in the marketMany retail traders wander around in a fog asking others "are we going up or down, short or long?".
If you don't have a trading plan for the day, much less know the direction fo the market.... Traders who know will take your money... Don't come to an automatic machine gun fight with a butter k
NQ idea $$$ no need for MapBook "Perseverance is not a long race; it is many short races one after the other." — Walter Elliot
I predict will be heading back to the support level where market makers left sellers looking very sad.
(19415 area)
If you were looking at Bookmap which I am not 9 times out of 10 it would show there ar
Nq1! Nasdaq Long term ForecastWhile many switch to a bullish bias for CME_MINI:NQ1! because of expectations of a interest rate cut on 18th of September, I remain bearish because markets price in before these events and the rate cut was expected for a long time.
We see on the daily chart a double bottom, which is market make
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.