NASDAQ 100 E-MINI FUTURES

NQ has reached the balance, the Centerline. From here the odds are very high that the market will turn south for a hike to the L-MLH. Remember bevor you initiate trades: I wrote "ODDS"...not "it WILL". And when we play with odds, they can flip around however they like to, because the odds don't care about the fork or our opinion. Applied to the Chart analysis ...

A reversal model 3W is formed for the medium-term rollback downward.

but hourly way overbought.

4 HR RSI Overbought

Will probably rip to 5776 manana.

No direct tech exposure.

Interesting area around 5800 for potential short trades.

strong USDOLLAR was a main driver of P/E expantion. So now you can see NQ1! divided by USDOLLAR Enjoy !!! and so be it

Buy $NQ (Nasdaq 100) here. Target is close above 5600. Stop could be divided into two parts. 1st is below 5558. Hard stop is 5500. This is in the event something unexpected happens.

Momo to the downside.

5552 ("Comey's low"), 5481, 5315 and the 200D 5225

If successful will lead to much larger break out on Monday

So, price walks vey nice within the fork. Until at least the first low is broken, there is no short trade for me. Other then the ES, I see nothing to short this market at this time. P!

Looking to see some selling activity around 5700 for some intraday short.

NASDAQ reached a long-term and local targets. Index S&P yet can not break up the local resistance level. The probability of fixing profits on NASDAQ is high, which will cause a rollback downward. Perhaps, there will still be some downward model that will open a short position.

Very interesting potential triple-bottom in this spread. Potential bullish divergence on price and M.F.I. indicator. Indicator seems to be making higher lows while price is making lower lows.

There's an opportunity to have wave 3 of (5)

We've got a pullback from the 155 Smoothed MA, so bulls are going to deliver wave (5) soon