Nasdaq remains bearish on the 1D timeframe (RSI = 40.412, MACD = -138.180, ADX = 35.654) but it is on the HL trendline, the supporting trendline that emerged on the December 28th 2022 low. According to the 1D RSI, comparisons can be made with the September-October 2020 consolidation fractal around the 1D MA50, following the COVID recovery. After the 1D MA50 got...
In my latest installment of the repeating Sentiment chart, we get a front row seat on how trader sentiment ebbs and flows with price action. Once we hit the target of 4172-4180, that will be a function of the bearish thesis getting aggressive. A complete unwinding of the utter junk spewed on CNBC a month ago. New highs possible? Soft landing? The magnificent...
Link to chart: www.tradingview.com Sideways action staying above the blue trendline created from a few weeks ago of hitting a recent support level. There are major news events to end the week and with rumors of a GOVT shutdown, I am expecting a huge squeeze towards end of the week. My area of watch is 14850s to 14820s. BULLS: Maintain over 14850, a possible...
There is a very high chance that Nasdaq futures can test 50-day EMA on the daily Level tomorrow since today was an inside day. It may get rejected on the 50 day EMA. If Futures can hold above 15050 level that is prior day's range high, then there is a very high probability of testing the 50EMA tomorrow.
Nasdaq / US100 is consolidating around the 4hour MA50. It is a similar Cup and Handle pattern with August 24th. Buy and target 15050 (4hour MA200). Then wait for a 1day pull back. Re-buy and target 15330 (Fibonacci 0.382) under the Falling Resistance. RSI patterns identical, both showing we are in the phase of the 4hour MA50 consolidation. Previous chart: ...
Day Trade Market Condition oct 02, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
NYSE:MMM CME_MINI:NQ1! OANDA:NAS100USD PEPPERSTONE:NAS100 I noticed the relationship between the #MMM movement in the past and the Nasdaq movement now. If based on the #MMM chart, then the goal for us is about 9000 points.
NQ1! NAS100USD NASDAQ 2023 Oct 02 Analysis from 02 Sep 2023 short scenario worked out well for the month. - market broke down the upward channel (black dash) - Supply is present on Friday's bar - Wait for reaction to demand line of upward channel (blue highlight, set alarm) Possible scenarios: 1) Market returns into upward channel and is supported = Long on...
ive been messing wiht intraday trading, so havent been able to publish a lot on that. Now may I say that even with some bullish moves, all is telling me to short.
Day Trade Market Condition sep 29, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend note last two day Dynamic Volume Profiles
For NASDAQ Contracts to go higher, they need to clear out the 14,950 level. If they get rejected from 14,950, then look for downside. On the other hand 14,800 is acting as a good support. wait till the Michigan consumer sentiment data release tomorrow before taking any position. do not trade for the first half hour after the open since there is a lot of data...
Day Trade Market Condition sep 28, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend note NQ keeps floating 14718 yet and manage to close above
Nasdaq hit yesterday the Falling Support of the Falling Wedge pattern as well as the Rising Support and is posting today the 2nd straight green (1d) candle. At the same time, the RSI (1d) formed a Double Bottom. Trading Plan: 1. Buy on the current market price. Targets: 1. 15300 (Falling Resistance and 0.786 Fib). Tips: 1. The RSI (1d) is under a Falling...
Today we hit my long standing targets and so far have bounced. I have carried an orange bullish count and a bearish blue count on this chart for a while now. If we can develop an impulsive 5-wave structure up that breaches 4508. I'll remove the bearish blue count targeting 4030-4060. Should we rally in a corrective 3-wave manner and fail to take out key...
While wariness remains re: larger timeframe structure for US equities (+ continued weakness in US gov’t bonds, USD strength), we are stalking near/intermediate-term longs via downside futures gaps in both the ES and NQ. The YM and, to a lesser extent RTY, are also approaching possible buy zones, thus bolstering this trade’s attractiveness. While the primary...
Quick take here before signing off. We’re already seeing a buy side reaction in US equity indexes as the ES (S&P 500) came very close to filling its downside futures gap. We captured the S&P 500 idea in a post several hours ago (). If equities retest lower, which we believe they’re likely to, the NQ has a couple solid demand/buy zones (green lines) not too far...
Day Trade Market Condition sep 27, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Nasdaq futures contracts can bounce from the hourly support from 14,650 purely on INTRADAY basis. This is only for today that is 27 September