More than a month (August 16) ago we called for caution on Nasdaq (NDX) after calling for a short on the 1W MACD Bearish Cross formation (see chart below):
This analysis didn't receive the attention it should as it delivered bad news that market participants wanted to ignore. The 1W MACD Bearish Cross on such a high level hasn't been seen since 2021 and that...
I’ve written about price heading to the mid 4200’s to low 4300’s for a while now. By my count, I’ve written a total of 4 times just in the month of September.
Links below:
Sept 15
Sept 14
Sept 8
Sept 2
The target moved up slightly following the Sept contract change to Dec from 4256 to 4307.50. As the analysis changed, I adjusted my targets. But I...
Nasdaq / US100 has turned bearish on the medium term after crossing under the 1day MA100.
The 4hour RSI is oversold so on the short term we can see a rebound, that will be ideal for a new short position.
So far it follows the structure of the prior selling sequence (July 19th-August 18th) and proportionally we are on the spot where the bounce happened on...
hello guys ,
as i previously analyzed last weekend on the weekly tf nasdaq or us100 is very bearish in my eyes.
as i predicted perfectly the price closed below a bullish trendline and it failed the create a higher high also forming a double top.
i highly highly request from you that you take a good look at my last week analysis
today on the daily tf it...
Day Trade Market Condition sep 21, 2023
levels for NQ ES CL BTC
watch the table left side for trade, right side for trend
Note the trend on ES/NQ approaching 4376/14718, it attracts buying however enter if price action and volume suggesting
Nasdaq crossed under the 1D MA100 today for the first time since January 20th (exactly eight months) with the 1D technicals turning bearish (RSI = 38.504, MACD = -53.900, ADX = 32.187). Following a much more hawkish than expected Fed yesterday, the market is taking this opportunity to take profits on a relief pull-back after what was basically a non-stop rise...
Day Trade Market Condition sep 20, 2023
levels for NQ ES CL BTC
watch the table left side for trade, right side for trend
Note FOMC @2pm EST
with FOMC possible the price edge to the high/low value area has been developing
On Monday idea with layout the week charts
Nasdaq is trading inside a Channel Down pattern after the August bullish wave failed to cross over the Falling Resistance of the July High.
The price is currently off a bounce at the bottom of the Channel Down and around the MA200 (1h), which makes it a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15450 (top of Channel Down and...
Expecting a Bearish September.
With the possibility of a higher Dollar, we are likely to see a pretty Bearish scenario in this month.
Still for now I am expecting a price rejection somewhere around 15555 for NQ.
Confirmation of this will set us up for a Bearish ride.
My initial target downside is 15060 Which I would expect to hit sometime between Wednesday-Thursday.
The Nasdaq Index (NDX) has been basically trading sideways and around the 1D MA50 (blue trend-line) since September 07. This led the price to the bottom (Higher Lows trend-line) of the long-term Channel Up pattern that has been in effect since the December 29 2022 market bottom. The key Support trend-line has been the 1D MA100 (green trend-line) which has been...
Day Trade Market Condition sep 18, 2023
levels for NQ ES CL BTC
watch the table left side for trade, right side for trend
Big picture for the week
Both ES/NQ no major change with structure as every single volume profile value higher
hello traders i hope you had a profitable week , today we are taking a look at US100.
since the beginning of 2023 Nasdaq Started a Bullish Move from 10690s to 1590s.
Analysing the WEEKLY tf we can see that the buyers dominated the market which caused the price to form higher and higher highs and forming a BULLISH TREND LINE .
But it this summer it seems...
Am I bullish or bearish while looking at this daily chart? The answer is neither. A lot had happened this past week: contract rollover, CPI, PPI, quadruple witching. It seems like trading was a mess and chaotic. Many gurus preached on FinTwit to stay away from the market and preserve the capital. I do see a value in those warnings. Especially, for those who are...
If you have not seem my original idea on this movement I suggests you take a peak here is a quick visual on the Bearish idea..
With the potential for a TVC:DXY retest before possibly continuing to the upside. I would expect to see the very same inverse behavior in equities as well as forex.
Short term upwards movement-Monday, Tuesday -Target...
Today, we have clearly started our descent down to the low 4300 level. I have posted about this sort of move for a while now. This move to the 4300 level will not happen in a day, nor do I think it will reach my target by next week. However, I do think this will be the type of descent that will not allow for good short entries.
That day has come and gone....
decided to make this particular post public, as a direct update to the last public midnight session (if you don't know what that is, you probably don't need to).
>i've shared both the bull and bear idea, and having the time to really observe the markets over the last couple of week including every possible factor which i could think of, i've gotta say - things...
