I think the tech bearishness continues Monday since there are no tech earnings Monday morning. NQ1! MFI probably hits oversold, maybe the RSI does too, which would make it an easy decision to buy calls.
I'm guessing FB earnings turns tech around Monday after close. Then the pump until Thu when AMZN and AAPL report.
Just a guess, so watch the indicators, and...
NQ completes wave five around 15490, and now we have two critical points to watch.
15275 is the current major support estimate, failed to hold here, and we might see a drop to around 14985. 15490 is an active resistance point that needs to be cleared to continue to the upside.
In my previously posted idea I outlined potential targets for the week: monthly and quarterly R1s. Both targets were tagged and the market entered a consolidation phase. The monthly and quarterly resistance are controlled by larger timeframe participants. So far a muted reaction, the price is consolidating, while those participants are waiting for the big tech...
This is the my first time looking at this price Chart pardon my late coming. A market Maker Buy model is present on the daily chart of Nasdaq 100.
Phase 1 to Phase 4 has already occurred, thus phase 5: A reaccumilation of orders should occur, This would cause the price to decline into the BISI, to rebalance and deliver sellside Liquidity prior to going for the...
The NQ one hour time frame is below the short
term down trend line. It will be a good idea to
wait for the market to enter and close above
the short term down trend line before looking for
long ideas towards the monthly up Fibonacci.
Entry: Counter trend line break bullish in the buy
STOP: In the sell zone
Once or if the market enters...
Price currently testing resistance around $15,400 (resistance previously shown at this level on both the 25th August and 27th September 2021).
Bearish divergence as shown by increasing prices along with decreasing momentum (referring to the RSI)
With the 200 hour EMA currently as low as $14,999, NAS100 looks over-extended.
I believe NAS100 still has a long way up...
Price continues to react to the echo of the March 2020 Drop. Setting up a flag above the 278.6% level from the March 20 low. Supported by the 2 hour 8 EMA with a wick this morning. MSFT working on a new all-time high and Facebook waking-up to the metaverse; AAPL in a bull flag as GOOG looks to break-out of it's larger frame iH&S.
The NQ daily time frame is in an up trend. The
market is at a low price, in the buy zone, hitting
a known level of U-turn. As long as the market
stays above the up trend line. It will be a good
idea to turn to the one hour time frame and to
look for buying ideas when the one hour time
frame enters into the buy zone. Looking for
long ideas towards the monthly up...
It doesn't get more obvious than this. We're probably headed back to 12k at the very least on a corrective wave. Fed GDP forecasts are really all you need to see to know lots of rate hikes and taxes coming soon. It's halving every year, and that's an optimistic estimate. Don't wanna spook the market. fred.stlouisfed.org
S&P 500 new wave started! ATH coming soon.
Every dip has been bought off.
The Rate of change (current red but turning) will turn green soon. This has been a market that is getting more predictable. The shorters are piling up on the dips and the bounces against them always happen.
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...
The NQ one hour time frame is in a short term
down trend. The market has hit a future support
area were the buyers could take control. It will
be a good idea to wait for the market to break
and close above the short term down trend line
before looking for buying ideas.
Entry: counter trend line break bullish
in the buy zone.