SMA 180 Weekly is the crucial support for the NDX. On the positive side if bulls manage to save the last frontier of 11539 -11031 range we can see the bull market like previous multiple instances but if we get a close below 11500. on weekly chart we will witness a freefall. 2001 (-64%) and 2008 (-41%)
The NQ has bounce back from the lows with a good price action and with a reducing volumes its human psychology which has more of weightage of emotions of recent past "once bitten Twice shy". We need to remember this is a bear market and in near to bottoms there is always chaos. so trade with the strict stoploss and time to reduce the position size. let the...
All the technicals point to MNQ continuing to drop until at least November. Look at the 100MA and the obvious downtrend line.
Chart Highlighting NQ downtrend, and Trendline Tests CME_MINI:NQ1!
With crypto markets being hyped up claiming the bottom is in, the US tech market tells another story. First we have been under the 100ma on MNQ on the daily for 200 days which is a very significant period of time compared to NASDAQ's complete history from day 1. Step back and think about this also, Joe Biden is the president and the democrats have proved to...
We could easily flush through the yellow circle if we don't hold 11000s
I expect the price to rise due to the clear decrease in the sellers in the MACD indicator
The market makers were in clear control of the news stop hunting both buyers and sellers within the same hour. After a long legged doji with ultra high volume printed, a huge Bearish Kangaroo Tail prints with high volume. The next few candles were confirming further weakness at the top with narrow spread candles and a baby Bearish Kangaroo Tail with volumes...
Bulls have had a nice and surprising push after fomc to the upside this week. Will be watching if price respects the DT line and will consider this an uptrend day in a bear market instead of an official uptrend reversal period until DT line is broken and value created above. I like longs above 500 as there is plenty of space for bulls to prop this up above there...
big ol sell off in the nasdaq this month finally down to the 200 dma small bounce could this be a nice bear market rally ?
Simple, we like to see price drop for us to add to our long positions Use our analysis as a sentiment Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the...
In tonight's fall back, daylight savings edition of the Futures Outlook, I revisit briefly a trend trading futures strategy I've named the 5-Thirty-Four. The ingredients are a 5 minute candle and a 34p EMA. Add a dash of VWAP bands and you've got everything you need. Then I look at the ES channel that's been in place for the past month that gives us a potential...
Technical Overview: - MNQ We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :) Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that. Wait for dips if they happen don't chase the market :) Analysis is only 1...
Technical Overview: - MNQ We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :) Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that. Wait for dips if they happen don't chase the market :) Analysis is only 1...
NQ filled it's Gap during Globex. Close for RTH @ 15611. Prior to Asia opening Price moved up to a Front Run of the Intra-Day 50% @ 15637.50 by 6 Ticks. ES YM RTY sell bias at present 21:10:22 PM EST. VIX, although dipping in 4 Ticks below 18.15 caught the Bid. It's going to be a long night for traders until this breaks, probably near 03:30:00 AM EST. It...
The stock indices all broke below the prior sessions lows to make new lows for the week. But I noticed a few signs that made me pick up some micros long (MES, MNQ, KYM, M2K) right before the 5pm EST close. Long MES 4385 Long M2K 2152 Long MYM 34822 Long MNQ 14827 $150 risk per position
The Chart illustrates both the potential Target for the QQQs high from a positive Draw as well as the convergence from the Negative draw. Where would this leave the NQ? 15,755 ~ Something to consider as the prior Squeeze ahead of the Algo's level for Sell Scale to Open began a 500 point vertical move @ 4:02PM EST. It created the largest Gap and Trap in...
An increasing level of concern is rising within the Bond, Equity and Real Estate Complexes or Markets. I prefer Complex as each "Market" has a number of entities using their control mechanisms. The Equity Complex has a number of headwinds approaching for Technology (NQ). Yields, specifically the 10Yr Treasury Note has been a reliable Instrument for an Inverse...