NQ - The Attempt to turn Larger TF's for EPSNQ Range for today 15213 - 15539.
______________________________________________________
Interesting commentary last evening. Opinions aside, it is a simple matter. Some see life itself as Black and White.
Others see shades of Grey. Which is more virtuous, up to you. This discussion belongs to somewhere else, perhaps
over at Philosophy.com or your Broker.
This is a trading forum. Agree, Disagree. If it upsets your view of circumstances, you should consider why. What
What motivates me is Balck and White with respect to TV - quite simple - Sharing my work with others to
potentially help them shorten their learning curve, learn patience and adopt a trading plan on a Daily basis.
Based up on Mathematical Indicators I obey - the objective of is profit, which is my line of work. Trading my own
Capital for Profit. It is a discipline, which, in part, is shared here. Hopefully by a better example.
My personal life, yeah, that is my life. You do you character disorders, I'll do me. What motivates me is obvious,
if it is not, that will remain your issue.
There is always going to be some insecure person in doubt who assumes verbal vomit is the cure to their ills.
Good luck in trading, let alone Life.
If you are emotionally attached to a Stock or Company, again, enjoy your particular Cult.
To each their very own, Choice - Consequence, own your own.
______________________________________________________
NQ is attempting to make the larger Timeframe turn to Bullish.
It is persistent in its effort to turn the MACD up on the Weekly timeframe and move it to ZERO or positive.
Until it does, we believe the potential for larger downside Risk remains.
We do not believe it will hold but will obey, should this countertrend end 4/5 and begin 5/5.
In our culture of near-instant gratifications...we're cool with just chilling to see what the Price moves are up
to, reading in trend both Micro and Macro.
Trade Safe, the VIX Settled and there is a large Gap once again as there is every month.
The one time of the month, where there can be a very move in the VIX 8.9% of the time.
Search in ideas for "nq"
NQ - ObservationsNQ has less Difficulty on Fridays and Mondays of late.
2 Mondays ago gave us the Globex push to 15399, from which Price promptly
Dumped Hard.
TImeframes are telling for October, the Weekly TF is Negative.
The Daily has the 21 below the 34EMA, as both are slowly approaching the 50EMA.
NQ's 200EMA resides @ 13961.
Price has dropped over 1,000 points since the beginning of our SELL Indications.
It has much further to go - 12.485 was our initial indication. We shall see how close
to this Objective in proximity it completes.
________________________________________________________________________
The Hourly, on the flip side, is attempting a 21/34EMA Cross with mildly rising EMAs
and the 50EMA flattening, The 100 as well, a point for Decision and Sunday Globex,
an easy time to vault price after Friday's Price Action.
Levels for a potential retracement are the EMAs. 21/34/50.
There is a Gap overhead, it could come into trade, but based on the weekly charts
it would take a monumental effort, one we do not place a higher degree of Probability
upon.
We are using Last Week's Draw on the WEEKLY TF and watching for the .382 Level to potentially
come into to trade, from there, we will see. Globex this evening should be active.
That said, anything can happen - therefore it is of importance to correlate the following:
- 10Yr Yield
- VXN
- VIX
- DX
Monday by 10AM we will know as Institutional Desks begin in position after the 8AM Bond
positioning.
The FED's Coupon Purchases are somewhat muted as US Secretary of the Treasury Janey Yellen's
latest pronouncement has provided a firm date - October 18th (No accident, a Monday) which provides
DC with a weekend to Fund. Temporary and Stop Gap Fiscal Funding - is immaterial.
________________________________________________________________________
As we have indicated for several months, once this SELL Setup began, we believe it would target the
200 SMA's and break them, trading in close proximity to the 400SMAs.
How this unfolds will be interesting as we can see a simple retracement, followed by an increasing SELL.
Velocity should begin to pick up very soon, or this correction will drag on into November.
It's not where we are going, but for now, how we get there.
The initial Macro Structure gave us 1,000+ points of down - the next will be larger, it is simply a matter
of how it begins to unfold based upon this retracement.
We shall see, we remain in CASH with the exception of 40 TLT 140 Puts, looking to reposition into the
next SELL - which can arrive at any time.
Patience here.
NQ - 15526 to 15700sNQ remains the playground for increasing Volatility.
Every SELL is met with increased prop from BR/VG.
We have closed TQQQ Sells in a slight Profit, waiting for the
Friday trading action as the VIX / VXN have both failed.
We trade Rules by Price.
The range IS expanding, with 16018 now open as is 15526.
An rather large range to trade and one that should provide on both
sides of the trade.
Europe's close @ 11:30 AM EST will again provide direction as
Liquidity begins to dry up into the weeks end.
Large Sells came in end of Day, it took Globex trading to complete
the Gap Fill on NQ which failed to fill during RTH.
Sporty few days ahead of Shortened Trading for Labor Day.
Flexible, open to the wedge breaking up...
Will it...
Lets' see.
NQ (Z) - December Contract for NQ Sell Position INV LadderNQ December Price Objectives on throw-overs into September Date Markers
from July 15 - August 21.
Price Extensions are congruent with the last 4:02PM EST stop run where Price
moved up 100s of points in minutes.
We will Use September as the Hedge for Trading Long.
We anticipate a Decline from to begin between now and the outliers to September
21st, 2021.
Seasonally, it is the wrecking time of Year, where ahead of Global Derivatives squaring
at the BIS (Twice a year during March & September) - accidents happen most frequently
in the Month Prior, during the Month and/or 2 weeks thereafter.
Prosperous Trading
* We presently remain 100% Cash for Globex opening.
NQ - 15035 FR SELL - Range expanding LowerNQ has been a solid trader, plenty of Opportunity in the Range.
Price becomes trapped and collared between the .382 and .500.
We currently are in a SELL @ 15035 x 12 NQ /STP 15002 with
Profit taker @ 14975. Should the Lows break... we will re-asses
after 11:30PM EST.
Sells in this range have been profitable with patience.
Reversal periods occur into the EU Closing 30 minute bars.
For the nimble, these are quick and easy profits.
Today, may well surprise SELLERs.
The reaction to the FED Minutes will create a range trade as we
move towards Friday.
Upside is limited to 15363, downside 14502.
Trade Safe as VX is going to move quickly.
NQ +600 Tick Opportunity NQ one hour time frame has created an up trend. The market is making higher highs and higher lows. If Support can hold. I am waiting for the market to break a counter trend line bullish to show the buyers are in control. There is an up Fibonacci that can be used to find a future high price. This is a higher Volume symbol which means the NQ moves very quickly. It will be a really good idea to double check risk management if the decision is to take action on this research.
NQ Bearish Structure | Looking for a possibly 2-legged pullbackNQ has broken its structure to the downside, disrupting the bullish pattern that had been ongoing for a while.
I am looking for an hourly two-legged pullback to the ~70% retracement zone before making a new low, since the price has broken above a prior lower high. This suggests that buyers want to see higher prices before we possibly make a lower low.
There is an hourly demand zone around 18200-18170, which I suspect buyers will try to use to push prices higher.
NQ - Nasda Test/Retest, now down.NQ had a phenomenal run-up since yesterday.
It was hard to find any sign of weakness.
In the 15 min. TF I found the correct Fork to apply that gives me any usable information about price.
1. The Shiff-Fork projects price to the upside, but also expose the fact that price fell out of the projection below the L-MLH.
2. Price stopped at the HVN. Or better, the Algos bought price at that level (violett line).
3. Price had it's first "Test" of the L-MLH, and soon after the second one, interfering with the TL from way above. Such "coincidence" I call "Confluence".
4. My Scalping filters, the Indicators also signaled that it's time to give it a go.
5. Finally I observed the Bid/Ask Volume and saw large order got thrown at the Bid. This is my ticket to ride and I'm short the market.
NQ - W Set upNQ - W Set up
Double bottom set up, as long as it stays above 11400/500 areas as support. We are at current resistance that has been tested multiple times break above 12 1/2 I expect 13 1/2 and perhaps 14200/300 areas.
We did have FOMC and nothing new has been changed imo rate hikes continue..
Key tip: Higher time frame, less emotional attachment
Enjoy,
Trade Journal
NQ - Interesting area!NQ - Interesting area! CME_MINI:NQ1! GLOBALPRIME:NAS100
Another key resistance area
Highs: 13248.75
Lows:12957.00
Currently we are still within the ranges even though we've had CPI print we did escalate higher, but couldn't go above key resistance of: 13230 areas we could need break higher above that resistance to go towards levels of 13347.00. However, if we are to break below the lows I expect 12800 areas to be key support that could be reached!
Pay attention!
Trade Journal
NQ is back in a previous balancing area. Will it find buyers?NQ is back in a previous balancing area 12680 - 13300 where it spent nearly two months last year. We'll either find balance again in this range before breaking out higher or lower or we could find new buyers for rotation back up. Look for support above the HVN at 12860.
NQ - Daily / Expanded RangeNQ corrected nearly ~9% prior to the BOTs returning it to the Opening
Gap Fill.
Wednesday and Jerome Powell's confirmation hearing @ 10 AM EST today
appear to be the Front Run for whatever lay ahead for EPS for Q4.
IBD Economic Outlook @ 10 AM EST as well.
$.4.525 BIllion in 4.5 - 7's for Coupon Purchases.
_______________________________________________________________
ZN remains in a Sell below the 129.090, TLT 145.11.
The VIIX is back in a Daily Sell, MIcro Sell with 16.76 and 15.20 now
open for VX Complex. We will see how close they come.
Rollover begins into next week today, as Traders will begin positioning
our the curve to M2 / M3.
Price Objectives for VFX (Jan) are 19.00 and 18.80.
__________________________________________________________________
Rarely, if ever - do we indicate a Bias, we did break the trend suggesting it was
Salmon Season a few days prior to the larger correction.
Hopefully, everyone feasted on the Fishkill.
Over the weekend indications were presented for a Retracemnt after the Price
Objective Level for the Weekly Extension completed.
It has, we will see how far they run and gun with the BLS Recalc and EPS on Deck
for Tech beginning with AMZN.
There is a LArge Gap near 16300 (16274~) - will it fill or is this for a later date, we
do not know.
____________________________________________________________________
Algo Monday again, but after Wall Street got their Fill.
Will we see similar action today... Gap Fill to PO to Resumption of Countertrend
or simply higher all day with no Gap Fill - The latter is ALGO Tuesday.
Trade Safely and Happy HUnting,