While ES has a different look then the NQ, NQ is hitting the top of the channel, Maj support is at 12610-20 now
Going to short the next bounce with a stop above the channel Seeing signs of topping pattern, still can press higher, but SPX is lagging behind with making lower lows
Low mid month, high into 13900-1400 zone by end of Aug or early Sep. This is going much lower into Oct low! Planning on exiting all the long term longs around 13910-14000 zone
NQ almost hit my target zone, expect a test of the mid channel if not more. I still day trade this, no swing positions, only ES from Fri. All depends on how we will be closing today, might enter with either long or short for tomorrow Tomorrow is a turning day, it can be a move in one direction. VIX has a long signal, be careful if long indexes
NQ is about to test the upper bull channel in a bigger bear channel. Perfect confluence at 12797. Im doing only day trading on it, I will enter long term short when we hit or get close to my ideal target.
Im set to cover at 12145 NQ has a same look as the ES, H&S pattern
i recommend to sell NQ and to not keep it in your portfolio hight probability that NQ will short until the remain area mentioned on the graphiq
After the creation of the reversal figure ''Double Top'' and the breakout of the ''Neckline'' and '' Vwap '' we will wait for pullback after we take the sell position after the opening of the market
Dont look at any trendlines of mine, but the up trend channel, we hit the top and rejected right away. Failure to break it will get us close to so wanted decline.
At the airport, can do an update. Friday H&S short was perfect, covered with some profit. The close isnt looking bullish, I see more weakness tomorrow. Ideal target to hit and is still at 11700-30 Im short, smaller size, tighter stop
Markets didnt close bullish to my eyes, looking for some weakness on Monday, ideally good gap down NQ has a small H&S formation on smaller time frame, ideal target is 11825. Ideal target to hold next week is 11700. Im short few contracts as of Fri close.
NQ is riding the broken down trendline and the top of the channel, also its near the mid of the downtrend channel. I have no good feeling of a direction at this point. Ideally we sell in am and then rally up again to top sometime tomorrow, targets are still 12100-20 and if above, then its bullish and it goes to 12400+ Volatility is going to start rising from the...
NQ is hitting the same top of the channel and the broken trendline. Failing getting above it will just make another good sign for new lows to come mid of the month. Moment of truth is today
Resistance is very strong in this level, can stretch to 825 for a perfect touch. 11800 call from am got fulfilled, it's very close to it, I have shorted for a quick trade here, looking for a possible real move down off these highs, might not come till after the FOMC
NQ is in its bear flag channel, has a confluence target of 11800 and support at 11640
NQ hit 1.618 off the highs and 61.8 retracement off the lows. Must hold here and propel to 11800+ Moment of truth
NQ is setting up a fake breakdown imo and should be stopped at 11530 zone, 11500 is a must hold for today for any bullish setup going into the EOM Im expecting a good size rally starting today or tomorrow am, so a long setup from a bit lower is something what Im looking for
Getting some longs here Looking for a support to be found around here together with the ES Looking to hold till end of the next week. Stops are must to have!