NQ bull flagginNQ same as the ES is bull flagging, ideally we see 11140 or a bit lower and then another push up
Search in ideas for "nq"
NQ is in breakout mode (note the gap due to Sep to Dec contract)NQ has switched its contract on TV to Dec, looks like a gap up.
Im short right here and some from the close.
Today's close was into the wall last 10 min pump, closed below intraday highs = not bullish.
Needs a gap up or we should see much lower levels tomorrow.
Last few weeks we dump big on Friday's, will it repeat tomorrow? My bet is yes.
Ideally we see a higher low tomorrow and retrace hard into last hour or 2 of the day and never look back, that would setup a move for much higher next week
Its VIX OPEX on Wed, triple witching week
200MA here on 4h chart is the ideal target for this move
P.S. Dont forget to like my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
NQ has to break 12075 NQ has to break 12075 to confirm the triangle and resistance breakout
This is what I was worried about for the past several days, the price action is very weird, I dont see a good bullish setup but more potential of a breakdown
NQ held the lows, first target is 12200, then 12300NQ held the lows after the open and made a higher low on smaller timeframe
- first target is 12200, then 12300
Main resistance is at 12320-30 now, needs above that resistance cluster visible on the chart.
Ideally we at least hit 12700 and I would really want to see a higher high by mid month just to screw everyone out!
A higher high and higher low on Fri makes me believe we have bottomed and should push higher now.
Im long
NQ: The top is inNQ has reached upside targets (13705) and 61.8% retracement of the second leg decline. Short it here with a stop above today's high looking for 13k or 12900 even.
NQ has a better ABc structure then the SPXNQ went down into the upper trend channel into the close, fake breakout imo.
This move should be over tomorrow if it was not today. My turning day is 4th on SPX and DOW.
There are 2 targets I have on the downside and I favour second more then the first one.
- 12500
- 12075
The low should come on the 15-16th and one more rally into EOM or early Sep to finish the bigger B.
It can stretch into the 14000 zone and should top in between of 50 and 61.8 retracement and fall apart into the Oct low.
Im planning on shorting AH's or tomorrow am.
NQ almost hit my target zone, expect a test of the mid channelNQ 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 has a clear picture compare to the ES, ideal target is 12797NQ 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.
NQ is in no mans landNQ 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 next week, so much biger moves are coming into mid of the month to 20th
NQ is hitting the same top of the channel 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
NQ target 11800NQ is in its bear flag channel, has a confluence target of 11800 and support at 11640
NQ MUST HOLD HERENQ hit 1.618 off the highs and 61.8 retracement off the lows. Must hold here and propel to 11800+
Moment of truth
NQ must hold 11500-30 zone! Bullish setup into the EOMNQ 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
NQ hit my long term target of 11500-550, visual updateNQ is going after 3x of extension to 11180 zone, lots of support in 11000 zone as well. So stretch as the SPX.
Expect a huge bounce, should ideally hit 13500+ during the summer rally
NQ - Daily / Technical Damage Continues to CompoundNQ closed ~ 2800 Points of df its November Highs.
Confidence remains absent, the attempts to Buy
lower in Price has as be ab exercise in failure.
NQ's Daily Count and Structure requires a large retracement
in order to begin to reduce the Scope, Scale, and Velocity
within the Larger Weekly and Monthy Timeframes.
IN looking over those two charts, neither suggest it would be
wise to buy.
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Principled trading has reduced many senior participants to the Sidelines.
Liquidity cuts both days when the Selling ceases.
It would be surprising not to see an effort made to provide a relief rally.
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Tesla was an important EPS indication... the issue will be - does Apple
follow suit.
The pressure would be extraordinary.
NQ - Daily Structure / Count with LevelsNQ has been far more challenging due to the Distribution within Growth Sectors.
It has been extremely Complex.
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1B can have extreme VX but should be contained from 15911 to 15956.
We won't know until it trades.
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Three is a large Number of Gaps Below and only 1 above. It is difficult to believe
the 16300 will be seen in 1B Retrrracement.
Breadth is absolutely terrible.
Degenerate Carnie and Poster Child ARKK's Cathy Wood has seen Low Liquidity
TECH implode and outflows from the Fie Fund were quite large Friday.
Wood is symbolic of the Everything Distortions in TECH - MegaCaps have hidden the
shortcomings of the broader scope of TECH.
We repeatedly warned ARKK would be cut in one half at a minimum.
52 wk Range - 77.53 - 159.7
1% of ARKK's Capital exited on Wednesday.
It has with further to fall, perhaps the 64s and lower.
36.2% of the NQ 100 are now down in excess of 50%.
Hype always dies first, always.
Singularity for TECH - Concentration in Mega-Caps.
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Consumer Sentiment is driven by the Cost of Living.
Omicron is the new Delta.
No shopped for Xmas in October.
The Global Economy peaked in Q2 as we indicated.
We will see how this shakes out into March - and closely observe the Fed's Policy.
NQ Bounced from oversoldNQ bounced off of the channel line, I said it would pre-market because it always does. Gotta admit I had my doubts mid-day since the rally was really late today.
Algos still doing pump and dumps, the volume shows they have not quit yet. I guess they're gonna keep NQ in the channel by pumping the living crap out of TSLA, AAPL, and chip stocks, lol. Plus all my favorite garbage stocks reversed as well.
Held a few calls over the weekend, and I rarely do that especially over a long weekend.
NQ - 4Hr Rollover Prior Week / Volatile Month AheadNQ's Price is well below the crossed SMA's above, as well
the Cloud's Span (White Line).
Consecutive conventional moves lower were proved out
on the Failures @ .500 and then. 382. as the Week Progressed.
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With the FOMC minutes arriving Wednesday and important
Macro Data ahead this week. Observing how the NQ Responds
to the Number will provide further information on how effectively
the overall Mood has soured.
MONDAY, JAN. 3
9:45AM - Markit Manufacturing PMI Final
9:45AM - Construction Spending
TUESDAY, JAN. 4
10:00AM - ISM Manufacturing Index
10:00AM - Job openings
WEDNESDAY, JAN. 5
8:15AM - ADP Employment Report
9:45AM - Markit services PM
2:00PM - FOMC minutes
THURSDAY, JAN. 6
8:30AM - Initial Jobless Claims
8:30AM - Continuing Jobless Claims
8:30AM - Trade Deficit
10:00AM - ISM Services Index
10:00AM - Factory Orders
FRIDAY, JAN. 7
8:30AM - Nonfarm Payrolls
8:30AM - Unemployment Rate
8:30AM - Average Hourly Earnings
3:30PM - Consumer Credit
NQ - 15 Minute - RTs / POs - Friday EOYNQ has been predictable on Tick and levels, a clear rejection
with mild overthrows to SELL.
Clear Supports to BUY, although they are truly supporting but
LEVELS to follow the Algos fill the next PO on Micros.
NQ has been wildly profitable for scalpers with strict discipline.
This is the 9th day of this pattern - it works for scalps.
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Yesterday we had an early reversal, today appears to be nearly
identical.
Funds are shuffling the Big Blind and retail has gone full-tilt bearish
after Hey, It's Elon decided to become a fortune teller, with time on
his side.
Hard to argue the material points, can't help but wonder about the short
term ramifications as the potential for new Highs remain in the trade.
Even with the Trend Change, we've seen these before, and given the
level of control - up OR down needs confirmation - broadly speaking,
the VIX fails to perform - which may be a developing sign for the reversal
as it is being largely ignored.
With EPS ahead for Banks leading the charge and the FED late JAN, can't
place a Position until the New Year antics unfold.
The old adage - the first trading day of the year sets the tone... a great
many will be watching closely.
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Crude oil remains range bound into the Year's end.
Many traders have disappeared from TV, interesting times.
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3rd test of lows may be an issue and should not be trusted until
it proves out. No long there this go around. Watch and Sit back
to 100% CASH.
NQ - 1 Hour 2/2NQ's Range blows out to 700+ Ticks, widening once again.
Like Oil, Traders are keenly focused on the H&S Formation.
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NQ is deeply oversold on the ST TFs, that said... Further corrections,
very steep corrections - they occur from these types of Weekly
Structural Conditions.
Momentum is Negative, Trend is Negative.
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Do the Operators want a higher Fill or ill 13/ 13 complete.
It's pure gambling in here.
