As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
NQ100 continues to rise. US President Trump’s acquittal in the Senate, as expected, and the news that a new antiviral drug will help patients with the coronavirus help bullish trend in global indices. 9432 is still a significant level for the continuation of the upward movements in NQ100. If the upward movements exceed this level, we will closely follow 9480...
NDX has been trading within a Channel Up since July (1W RSi = 64.749, MACD = 236.300, Highs/Lows = 208.4773). Last week that pattern touched the Higher High trend line giving the first Sell Signal. The 1D RSI is on a bearish divergence similar to the late July Higher High.
Technically the index must touch at least the 1D MA50 before it resumes the bullish trend,...
The NQ Daily time frame has created a sideways
movement. The market is now at the top of the
range. If the market is going to fall we should
start to see a bearish turn soon towards support
about +1,000 ticks away.
Daily Chart Explanation:
- Price is on an Ascending Trendline.
- Price is, one more time, facing the ATH Zone.
- Bearish Divergence on MACD on each New High.
- If price starts its down move from here, it should retest the Ascending Trendline and, in case it breaks it, there is potential to move down towards the Support Zone.
The NQ Daily time frame has created a sideways
movement. When the market hits the top of the
resistance level around 8000.00 the market is
having a +1,000 tick sell off. I am waiting for the
market to hit 8000.00 price point then looking
for the sell towards the up trend line about +1,000
ticks of bearish movement.
A headline helped to break the previous support, now resistance, and led to a liquidation move back to the old support. There is a positive divergence that may play out. However, it is better to watch on a smaller timeframe a reaction first before engaging on the long side. Watch for headlines. I won't be surprised to see attempts to stop the downfall especially...
Today, the price advanced to retest the resistance and the first test attracted responsive sellers. One can see from the chart that negative divergence increased the odds. The price broke the trend line but ended up at the support. At this point we need to see a follow through and break of the support if not then the market is going to enter a consolidation phase...
A strong move down driven by a headline with a strong reversal is today's theme. There are a few reasons for a strong bounce (look at a weekly chart) :
- a failed attempt to breach a weekly trend line.
- 50% retracement Fib level
- notable positive divergence
I did not expect a strong reversal, however, on my chart I had 7577 support level and put a limited...
On Friday the bulls tried to hold the trend line but eventually lost it. That led to a liquidation move and retest the support below which was taken out thanks too headlines. Price came down to retest low prices where responsive buyers were active. The last push up happened into the closing which may suggests a short covering rally ahead of the weekend. The market...
A potential rally was suggested in the previous post. A fake breakdown of the support followed by a strong reversal. Notice positive divergences on the indicators. The trapped sellers had to cover and flip positions. A breakout of the smaller balance to upside added more fuel to the move. Now, the price is at inflection point while being overbought short term. We...
In my previous post I shared the idea to watch the channel resolution. Today, the channel got broken during the morning day session. That led to a liquidation move to the next support. The market ended the session at the inflection point again. One can see how the price travels from one level to another.
The chart shows clean break of the channel and the levels...
Previous Nasdaq analysis....
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Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things...
From resistance to support and back. The story of the pre/post FOMC action. The market structure remains intact. Both short and long opportunities today. The pre-FOMC action was quite slow and required enough patience to sit through. In fact, the recent day ranges start to shrink suggesting lack of participation.
Eventually an important support was tested and...