NASDAQ 100 E-mini: Curve AnalysisStrategic Insights and Trade Setups
Here's a quick rundown of the key insights from today's technical analysis and trade setup based on the 1D timeframe Oscillators, Moving Averages, and my current plan for a potential downtrend as price action approaches the Supply Zone.
📊 Oscillators Summary
Most oscillators signal neutrality, reflecting an uncertain market stance. However, a few important indicators stand out:
Relative Strength Index (RSI):
Currently at 61.33, suggesting neutral conditions but nearing overbought territory.
Stochastic %K:
Sitting at 92.25, also near the overbought zone, which warrants close monitoring.
Momentum (10):
Signals a Sell with a reading of 1,367.25, indicating slowing upward momentum.
MACD Level (12, 26):
Flashes a Buy signal at 161.98, reflecting continued bullish momentum.
📈 Moving Averages Summary
The majority of the Moving Averages indicate a Buy signal, reinforcing the bullish sentiment in the medium to long-term trends:
All significant EMAs and SMAs (10, 20, 30, 50, 100, 200) show positive signals, implying sustained upward momentum.
The Hull Moving Average (9) is the sole outlier, indicating a Sell, suggesting short-term weakness or a pullback is possible.
Trade Setup: Downtrend in the Supply Zone
I have positioned two Sell Limit Orders (SLOs) and four Take Profit targets (TPs) to capitalize on a potential reversal if price action enters overbought territory:
SLO1 @ 20,340⏳
SLO2 @ 20,645⏳
TP1 @ 19,758
TP2 @ 19,269
TP3 @ 18,909
TP4: 18,352
BLO1 @ 18,219⏳
BLO2 @ 17,894⏳
These levels are designed to capture downside movements while staying prepared for any potential reversal once the lower levels are tested.
Stop-Loss Levels
Pivot High Stop-Loss: 20,797
Pivot Low Stop-Loss: 17,741
The setup reflects a balanced risk approach to entering short positions as price action nears overbought conditions while staying flexible for any market reversals.
Keep an eye on these levels and adjust your strategies accordingly. We'll continue monitoring market dynamics for more clarity and updates.
