BearishBearish attacking true Consolidation.
balanced pice level hit and closed in on 1 HR. waiting for price to displace lower creating a CHOC
NQ1! trade ideas
Nasdaq’s New Record High: 20,977 PointsThe Nasdaq Composite has reached yet another historic milestone, hitting an all-time high of 20,977 on November 6, 2024. This latest peak underscores the continued dominance of the tech sector and investor confidence in growth stocks.
At BigAskMagnet Institute, we attribute this surge to several key factors:
Strong Earnings Reports from major tech players, including advancements in AI, cloud computing, and semiconductors.
Favorable Monetary Policy, with central banks moderating interest rate hikes, boosting equity valuations.
Geopolitical Stability in key regions, encouraging risk-on sentiment among global investors.
This new high surpasses the previous record of 18,983.47 set just earlier this year, showcasing Nasdaq’s resilience in a dynamic economic environment.
BigAskMagnet Institute continues to monitor these developments closely, offering actionable insights for traders aiming to capitalize on Nasdaq’s upward momentum. Stay tuned as we delve deeper into the implications of this record-breaking performance.
Nasdaq's Historic Peaks: Insights from BigAskMagnet InstituteThe Nasdaq Composite has experienced remarkable highs, including its dot-com bubble peak of 5,048.62 on March 10, 2000, and more recently, surpassing 18,900 in November 2024. These milestones highlight shifts in market sentiment and the growing dominance of the tech sector.
At BigAskMagnet Institute, we analyze these trends to provide traders with a clear understanding of the forces driving market growth. From the rapid expansion during the 1990s to the digital boom of the 2020s, Nasdaq's trajectory offers valuable lessons for investors navigating today’s volatile market.
Stay tuned for more insights as we decode market movements and uncover future opportunities!
NQ 4hr observations 11.7.2411.7.24 4hr chart observations. 200 ema was broken retested. price could not break small fvg below in 20047 area, so a small bear trap was formed. Once price again came above 200, stong bullish run began. still have not tested all time high.
NQ Power Range Report with FIB Ext - 11/7/2024 SessionCME_MINI:NQZ2024
- PR High: 20923.50
- PR Low: 20889.00
- NZ Spread: 77.0
Key scheduled economic events
08:30 | Initial Jobless Claims
13:00 | Fed Interest Rate Decision
14:00 | FOMC Statement
14:30 | FOMC Press Conference
AMP Futures increased margin requirements overnight
- Broke above 20800 daily pivot
- Continuing to auction above previous session high
Session Open Stats (As of 12:25 AM 11/7)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 310.36
- Volume: 24K
- Open Int: 262K
- Trend Grade: Bull
- From BA ATH: -1.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- 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
Bullish, but there will be selling to test all support wicks - - Price Target: Expecting price to reach the 1.272 Fibonacci level near 21,052.50, then retrace to find support.
- Entry Point : Looking to enter long at 19,979.
- Invalidation : Long bias is invalid if price falls below 19,818, especially around the 4-hour candle close.
- Note on Wicks : Pre- and after-hour wicks often don’t hold up; they’re likely to get rejected.
First target will be 20,788.50 and final target would be 21,388.25
$NQ Levels 11/6Every single BSL has been hit, except for 1 and our ATH... Let's see how we react from FOMC tomorrow! Chart: www.tradingview.com
Top 5 Weekly Trade Ideas #4 - NQ Supply ShortI'm pretty bullish right now but I can't help but think this is a good short here. VX is near support after getting completely crushed and FOMC should lead to no surprise. Seems like a good spot for this rally to pause. This supply zone was created all the way back in July and this is the first retest. In addition to that, we have trendline resistance in the area as well.
We already had a break below this triangle and it resulted in a big fakeout and reversal to the upside. It may not be as reliable, but if we break below for good I'd be targeting 19.7k as a final target. This week's low would be the first target.
If we breakout above and keep going I would not advise having short bias. I'd be out of puts and looking for longs on a retest.
NQ Year End Targets (11-02-2024)Next week will have an election (with delayed results, most likely) and a Fed Day. Look for the Afterhours and Overnight Long play (to be played). Watch how the Regular Session reacts. We may see one of the two arrows play out or both by Year End. Pop/Drop or Drop/Pop, the O/N may lift with Reg Session selling it off. No O/N lift, look for some heavy duty selling. Go Fed, BTD/FOMO (til 1/25).
NQ Power Range Report with FIB Ext - 11/6/2024 SessionCME_MINI:NQZ2024
- PR High: 20364.75
- PR Low: 20335.75
- NZ Spread: 65.0
Key scheduled economic events
10:30 | Crude Oil Inventories
13:00 | 30-Year Bond Auction
High vol session open, 317 point (~1.43%) range
- AMP temp margin increase remains in place for expected volatility
- Strong auction lift back towards 20800 pivot
Session Open Stats (As of 12:15 AM 11/6)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 307.30
- Volume: 81K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -2.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- 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
US stockmarket analysis before the electionsCME_MINI:NQ1! NASDAQ:NDX SP:SPX
I anticipate a deep correction to at least 16250 level , which will be reached probably by the end of the year .
If the 16000 area fails to support price then we might see a significant bearish move that can reach as deep as 10000 , and generally on all US index futures I am anticipating at least a 20-25% correction which could even reach 50% downwards if we fail to find support.
Quick 70 point tradeUsing the 1H 50% as entry, and we were utilizing our stop loss as protection so that we capture the profits as price traded lower.
How to create 50% line crossing alertsIn this short video I explain how to create the alerts for the 50% line crosses.
Sells1. FSH (4hr)
2. 4hr bearish ob (tpd 2x)
3. Daily SSL
4. 2hr bearish ob (tpd 6x)
5. 1hr bearish ob (tpd 2x)
Sell model is onGot the CISD on both assets now.
Dropped below 50% of the buyside curve.
Retraced to a breaker.
Stops above the SMT.
TP below the original consolidation.
Ok byyy be safe
NQ Power Range Report with FIB Ext - 11/5/2024 SessionCME_MINI:NQZ2024
- PR High: 20132.00
- PR Low: 20084.75
- NZ Spread: 105.75
Key scheduled economic events
05:00 | U.S. Presidential Election
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
13:00 | 10-Year Note Auction
AMP raised margins for expected overnight volatility
- Inside daily print
- Previous session closed virtually unchanged
Session Open Stats (As of 12:35 AM 11/5)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 288.45
- Volume: 21K
- Open Int: 252K
- Trend Grade: Bull
- From BA ATH: -5.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- 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
Kamal Victory Secured, Get ready for Armageddon Support already tested below, only thing holding the markets up is 15k besides that cya below 10k.
people arnt ready for whats coming
Kamala WinsBuckle up. See you after a nice 30% haircut.
Monthly still has some strength but the weekly tells a different story.
America doesnt care about the economy. People care more about themselves than others and selfishness prevails once again.
Daily FVG Daily FVG looks to be some resistance will be looking for a short in the smaller time frame in the daily FVG if it gets there
NASDAQ scenario 04.11.2024 ( Election week )Nasdaq
Close to all-time highs, lots of pomo and gridiness in the markets - my 4-hour low advanced significantly without correcting properly, so my "magnet" scenario is to go down to the 19,800 - 19,500 areas and only then continue to run up!
A rather dangerous week - if there is no A+ level scenario then I see no reason to take deals (pursue them)
successfully!
Analysis: Key Levels to Watch for Short and Long OpportunitiesI'm watching the Nasdaq closely as it approaches a critical decision point. In this analysis, I’ll outline two potential scenarios, including both short and long trade ideas based on the confluence of key technical levels.
Current Setup and Key Level: 20,320
Right now, the 20,320 level is my primary focus. This level aligns with:
The 38.2% Fibonacci retracement of the recent downtrend, suggesting potential resistance.
The VWAP (Volume-Weighted Average Price), which is acting as a dynamic resistance level.
This confluence makes 20,320 a critical resistance zone, where the market might either reverse or push through, setting the tone for the next significant move.
Scenario 1: Short Opportunity at 20,320 Resistance
If the price approaches 20,320 and shows signs of rejection (like a bearish candle pattern), I’m looking to take a short position at this level. Here’s why:
Fibonacci & VWAP Confluence: The alignment of the 38.2% Fib level with the VWAP reinforces this level as a strong potential resistance.
Risk Management: I would place a stop-loss above the 50% Fib level (around 20,400) to manage risk if the price breaks higher.
Targets: My initial target would be around the 20,000 level. If this breaks, I anticipate a stronger move downward due to potential stop-losses being triggered below 20,000 (more on that below).
Note on Stop-Loss Clusters: I believe many traders might have their stops placed just below the 20,000 mark. If the price breaks below this level, we could see a quick, momentum-driven move lower as these stops are triggered, potentially driving price toward deeper levels.
Scenario 2: Bullish Break Above 20,320
If the price breaks above 20,320 and holds above both the VWAP and the 38.2% Fib level, it could signal a bullish shift. Here’s what I’m looking for in this scenario:
Confirmation Above VWAP and Fib Level: A strong break and close above these levels would indicate that bulls are taking control and might push for higher retracement levels.
Potential Targets: In this scenario, I’d look for the price to move towards the 50% Fibonacci level (around 20,400) as the next resistance, followed by the 61.8% level near 20,500 if momentum holds.
Invalidation for Shorts: A decisive break and hold above 20,320 would invalidate the short setup. If this happens, I’ll look for potential long entries on a pullback to the VWAP or 38.2% Fib as support, with stops below these levels to manage risk.
Conclusion
The 20,320 area is the key level to watch here, with potential for both short and long setups:
Short Scenario: Look for rejection at 20,320 to target a move down to 20,000, with a possible extension lower if the 20,000 support breaks.
Long Scenario: A break above 20,320 could open the door for further upside, with potential targets around 20,400 and 20,500.
This setup combines technical indicators with price psychology, as stops clustered around the 20,000 level may drive significant moves if that support level is breached. I'll be monitoring how the price reacts to 20,320 closely for confirmation of either setup.
Let me know if you see anything differently or if you have any questions. Happy trading!
NQ Power Range Report with FIB Ext - 11/4/2024 SessionCME_MINI:NQZ2024
- PR High: 20158.00
- PR Low: 20070.50
- NZ Spread: 195.5
No key scheduled economic events
High energy start to the week with significant gap down, quickly filled
- QQQ daily gap above ~493
Session Open Stats (As of 12:25 AM 11/4)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 299.59
- Volume: 40K
- Open Int: 250K
- Trend Grade: Bull
- From BA ATH: -4.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- 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
