Fundamentals: The U.S. futures market is indicating a relatively strong upward move after a 10% correction decline. Despite the rebound, uncertainty remains high as recession fears continue to simmer. The U.S. yield curve threw off its strongest recession signal this cycle on Wednesday and remains close to a 2 yr/10 yr inversion. US housing starts came in softer...
if you followed my previous NAS100 4h hour setup, you'll know it was a very clean and successful setup. still following that same setup, I now see a potential pullback all the way to 7577 or even 7522 before price pushes to maybe new highs, lets see.
Easy, big-picture setups.
Not much to say other then SELL the HI (Red), BUY the LO (Green).
Target the TOP or BOTTOM of the NEUTRAL zone (Grey).
With proper execution and risk mgmt, would expect a min. 200+ point trade out of that area.
After an 8% drop, is it time to buy again? If the fundamental analysis is ignored and we focus on technical analysis, we will draw some conclusions:
According to the Ichimoku indicator, there is no change and the bullish model is still strong and stable.
The last drop in May was about the same amount of decline and you know the sequel ...
The 7600 has strong...
4 Hour Chart Explanation:
- Price made a pullback to the Weekly Ascending Trendline.
- It is currently on an Ascending Trendline.
- If it bounces in the Resistance Zone and breaks the Ascending Trendline at 7610, potential to move down towards the Macro Support Zone at 7000.
- We are looking for sell setups on lower timeframes.
Check out our Weekly and Daily...
Looking for the market o hold at
the up-trend line. If market holds
I am expecting the market to head
towards the top of resistance price point
8050 which is over 2,000 ticks away.
At an e-mini contract, that would be around
+$10,000.00 in return.
The Nasdaq 100 E-mini Futures is making
higher highs and higher lows. The market is
moving from a high price towards a low price
heading towards the up trend line. I am going
to look for a potential bullish bounce near the
up trend line towards the new future resistance
level about +412 Ticks away. At an e-mini contract
that is about $2,060.00 of potential return!
Weekly consolidation range: Broken to the high
Daily consolidation range: Broken to the high
Weekly strength indicates a strong bullish attitude
Daily strength indicates a strong bull attitude
Weekly Bull RSI: No new signals
Weekly Bear RSI: Projection to: 8730
Weekly BSI: No new signals
Open daily price projections: 8392, 8395 from July 24, 8395 from July...
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NAS100 has been labeled within a Sub-Millennium degree wave 3 (pink), which has been unfolding ever since the Dot-Com bottom from 2003 bottom, when the tech Recession tapped out.
Structure - Bullish Impulse
2003 lows and up until Nov 2007 highs - Grand...