Today we saw perhaps one of the best days since the February correction in Nasdaq. Economic data looks "strong" (I have negative bias on economy health, so I'm using ""), and markets are up broadly. But, various signs show that today's action looks suspicious. Take NQ, for example. I marked out all recent NFP releases so you can see the market reaction. Notice how...
The significant recovery yesterday probably took traders by surprize. Especially if risk appetite turns higher today, this trade looks interesting.
NASDAQ appears to be moving in an ABCDE corrective pattern. It has completed four legs and is currently going down in the E wave. Wave E should be made up of an ABC sub-wave. Currently, wave 2 of the wave A is in progress (red wave) which can have another short movement up on Monday to 6950, from where it could go down in the third wave.
The index is printing recurring patterns on 1D. Symmetrical 4H Channel Up patterns, followed by same width Channel Downs (High ATR = 37.1964 on neutral RSI, STOCH, Highs/Lows), always supported by a 1D Higher Low line (RSI = 57.913, Highs/Lows = 32.000). 6640 is expected in about 1 week's time and then 7085 by mid June.
A Bearish Gartley pattern on the NASDAQ 100 chart, first target at 6733 points.
medium term bull... short term bear ...posible simetric triangle on the qqq. bullish pattern, mabe a breakout after a couple more waves?
Can't help, but lean to a more bullish view on NASDAQ (and broader market) after last Thursday's bounce. Looks strikingly like a running triangle as a wave 4, which should see a 'thrust' higher.
we bounce today from the yearly wedge, we will move to the upper band of the wedge. #FUTURESALERTS #FUTURESSIGNALS
My analysis shows the US majors are setting up for a massive upside rally over the next 3~7 weeks. Many people are freaked out about the market's recent decline, yet this is just the type of price rotation that the market needs to advance higher. Failure to achieve new price lows will result in a massive price reversal driving prices much higher. Watch as new...
Hello everybody, the market bounce back from the 6650 zone, but we are still in short time selling, therefore we will keep an eye if prices rallies to friday's high for an opportunity to sell the market short. Plan your trade, and trade your plan
the nasdaq may be doing some HNS pattern, so this pretty much suggest we go down, but still we need to wait for the big reports.
Just like the SPX and DJI charts I looked at, this thing measures slightly past the Bear Market threshold... it may touch the target, doesn't mean it will close there though... If the current top proves to be the last shoulder, July 27th is when this is expected to play out by
There was some early pressure to the downside in the NQ on thursday, we were able to get a couple of long trades, they both hit the first targets, but there was not enough momentum to bring them to the second target. We'll keep an eye on overnight trading, but i think there still room for longs. You can check our trades in our last post in the comment...
Revised the right shoulder from the previous published idea. Tread lightly and position neutral/net short this month!!
Hello guys, as we were expecting, the market pullback a little bit after the opening, giving us the perfect entry at Pivot Point. i would expect more of the same (buy dips) unless something crazy happens overnight. Check yesterday's post and scroll down to the comments to see our trades for Wednesday. Plan your trade, trade your plan.
Nasdaq getting stronger, closing close to the high of the day, we are overbought in the 1H, i will expect some kind of pullback, which would give us some nice entry options. Plan your trade and trade your plan.
We are on our way to retrace to the 38 fib, drop so iam going long for tomorrow on a candlestick formation on the 6660 r line. my target will be 6961 with a stop at 6590 #futures #futurestrading futuresalerts
lets watch out for a higher high.... higher low...