Hi Traders, This is my view for this week on NASDAQ I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below...
If you are short, stay very cautious. This base/bottom in the NQ may be the start of a breakout rally phase after months of consolidation below a strong downward sloping trend line. Far too many people are failing to understand the market dynamics at play right now. Shorts are getting slaughtered as the reversion/reflation trade is happening. Follow my...
If you trade the MICROS, like me, then you'll want to be cautiously aware of a key Flag/APEX pattern setting up in the MNQ. Any breakout above the PURPLE resistance channel may prompt a strong upside price rally after February 12th or so. Pay attention to the volatility over the next 10+ days as the ES/NQ/YM are likely to struggle and become wildly volatile as...
Are you following my research yet? Check out my SPY Cycle Patterns and decide for yourself if my predictions are accurate: SPY Cycle Patterns for this week: 1/15/2023 GAP Potential 1/16/2023 GAP-Reversal 1/17/2023 Breakdown201 1/18/2023 POP 1/19/2023 1/20/2023 BaseRally301 1/21/2023 Break-Away 1/22/2023 Rally-111 1/23/2023 Carryover 1/24/2023 ...
Need to breach and hold 11760 or daily supply is intact lack of strength leads buyers down to 11310 area for buyside liquidity test above 11760 we look for sellers to step in around 11835-11890 supply area
On this chart are the reaction areas for the NQ, MNQ, NDX at least for the first part of the week. I wanted to release this before the Sunday open because it might help for the overnight session. All levels or areas have short descriptions. I published this on a 30m chart (structure) because it really provides a good mix between my standard intraday (5m)...
Inventory management for market makers is generally relative to the amount of contracts that can be liquidated for cash on spot. Market makers need to ensure that they have enough cash available to meet their obligations, including the potential need to buy or sell securities or derivatives to provide liquidity to the market. When a market maker holds a large...
adios analyze Nasdaq touch Fino 61% and now in pullback,,,, 2 filo 61% (red Fino) we have, I will buy there with sl=80 point and will hold them to 12500 wish you win
RSI hit overbought, looks like it pulled back. ECB and Fed speakers tomorrow. Not sure what the pump is all about this morning since I'm not trading, but I might take a stab at some put options overnight. I don't have much faith in the central banks actually doing their jobs correctly, so going light. Either way, I wouldn;t hold any long positions tonight.
Layering Strategy Use your Money Management Limit your risk at 2-5% / trade NFA
Layering Strategy Money Management Needed Limit your risk 2-5% / trade NFA
We are Still Bearish On Nas, Had A Consolidation After Price Reverse To The Up Side And Then Explode To The Down Side Caused An Order Block that Hasn't Been Tested Yet so we expect the price to go to that order And Reject Going More Downside.
SPY dropped to a mid Fib level from the recent pivot high and bounced. Price is now rising in a channel predictive for a 1% rise tomorrow. The ADX indicator shows the negative direction reversed and now positive and rising out of the chop zone confirms the reversal as a solid one not a fake out as does the MACD with a crossover under the histogram I will...
Pay attention. Today will likely be a large range bar - possibly with a deep low near 3920. My SPY cycle patterns call today a "Major CRUSH". That means we could see a very large price range today. Combined with other SPY Cycle patterns, I believe the ES will attempt to establish a base/bottom - retesting recent lows. As we move into 2023, be aware that cycle...
Looks good here for a long , SL below $23-$20 depending on your risk. Will take about 1 year or more to double your money but slow gains are a nice balance.
For everyone interested: Expect volatility to be king over the next few weeks (earnings and economic data). SPY reaching a major APEX in price trend. It is very likely to resolve to the upside, but that means we have to be prepared for "false breakouts". Fibonacci price trends suggest current trend is BULLISH (closing GAPS). The upper GAP may be the next target...
Here is a quick update for those who follow my work and are not on our new site yet. It's a critical turning point here, going into the CPI report, so I want to share my thinking, and hopefully, you won't get trapped regardless of tomorrow's am outcome. I'm doing a more detailed analysis, but I will post a short version here. First of all, I pointed out last...
In our previous post on the Nasdaq index, we stated that the bullish breakout above the descending channel would bolster the bullish odds in the short term. Furthermore, we said that in such a scenario, we would closely observe volume and the ability of SMAs to halt the price rise. Interestingly, after the breakout, NQ1! jumped approximately 3.8% and stopped...