NQ NASDAQ ES SP500 CRASH stage Short

CME_MINI:NQ1!1W

E-mini Nasdaq-100 FuturesCME

Description

⋅ Oct 8, 2022 6:34 PM

As title, NQ ES prepare for a CRASH 20%
NQ target 9200
ES target 3300

Facts:

NQ rejected the Value of 2021 Range 16,600-13,600 ;
NQ Bearish confirmed the break out (June 2022) of P-shape Volume Profile of 2021;
NQ failed re-test back in value August 2022;
NQ current break the low of June 2022 low;

*ES break down the 3495 level, the targets on NQ/ES as above;

This is my idea for my own trade.

Comment

⋅ Oct 10, 2022 5:36 PM

Update quoted from CNBC with JPMorgan Chase CEO Jamie Dimon October 10, 2022 cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html
[Dimon said the benchmark could yet fall by “another easy 20%” from current levels, adding that “the next 20% would be much more painful than the first.”]

Comment

⋅ Oct 13, 2022 1:34 PM

NQ reaching 10,500 a level initial reaction to bear market

Comment

⋅ Oct 13, 2022 5:21 PM

ES does not get below 3495 note on my idea, NQ get to the level 10,500 and showing the Bear trap (learn more about look up my idea on Bull/Bear Trap)

Comments

Tradersweekly

⋅ Oct 14, 2022 1:08 PM

Thanks for the idea. I am on the bearish side.

situ886

⋅ Oct 14, 2022 1:50 PM

@Tradersweekly, one day of bounce on ES/NQ does not change the trend. Market first test the important level before thrust down. The time visit again on those level 10,500 Nq and 3495 ES be the ultimate goal.

Tradersweekly

⋅ Oct 14, 2022 1:55 PM

@situ886, I share this notion too. A short-lived bounce does not change the primary trend. Unless the FED changes the course I do not see why one should be bullish (or at least until they start talking about the pivot).