The NQ daily time frame is in an up trend. The
market is at a low price, in the buy zone, hitting
a known level of U-turn. As long as the market
stays above the up trend line. It will be a good
idea to turn to the one hour time frame and to
look for buying ideas when the one hour time
frame enters into the buy zone. Looking for
long ideas towards the monthly up...
Nasdaq 100 is circling Sellers for Globex, although weakening the 318 Level
remains important.
NQ Struggled today as the VXN did not complete its Gap Fill, which inhibited the
Instrument from doing the same.
During RTH the count did not exceed, that was reserved for the Globex toss over
@ 399.
This implies they will attempt to not only Fill the overhead Gap,...
The 10 year note broke-out of it's base to 1.49. The market rotated to the Russell 2000, where a 2 hour bullflag has set-up below UBB resistance. Microsoft, Apple and Google are the laggards to recover as Amazon bounced and Tesla broke-out.
Closed out a very interesting week ending up back where we started on Monday. Essentially all of the Evergrande dump was recovering in 4 trading days. Price now sits at the top of the neutral between the 21 ema and the 55sma. Although I love my fibs it is obvious these key moving averages are being respected by most traders and algos. Take note of the secondary...
Market Observations will be on hold for the next 7-10 Days beginning Tuesday after the NYSE Close. We will be relocating
our arrangements during this period. We raised our Cash Position to 91.28%. TLT Puts - Sole Position.
NQ remains in a weakened and weakening Position. Friday we saw the 1 Hr Moving Average Convergence Divergence turn Negative.
The 1 Hr closed...
Nsdaq supply is higher than demand, possible move downward.
H1, H4, time frame bearish engulfing candle,
divergence also appers, after retesting the resistant area market didnot break, possible downward move
Nsdaq making some rejection in the last day of the past week, Making little divergence on daily time frame, But on H4 time frame its clear divergence,
i think every trader know when divergence appears, market make some retest the previous zones, that will be good time to enter in the market, and it will be low risk or low floating area,.
NAZ hit the Red Long Term TL and got rejected. Momentum has been weak to the upside and this bounce off the low of 14800 was expected. Key level of of 15160, NAZ may hit and attempt to take out red TL or in reverse (Red TL, fail and drop to 15160). I mentioned the divergence yesterday, playing out now.
Nasdaq turned in my target zone for wave (4) between 38.2 & 50 Fibo + closed above 15.307. Thats a good signal for next week. Whats important now? To break the high of wave (3) at 15.347 // the blue resistance zone.
Last update:
New update:
The NQ one hour time frame is in a short term
down trend. The market has hit a future support
area were the buyers could take control. It will
be a good idea to wait for the market to break
and close above the short term down trend line
before looking for buying ideas.
Entry: counter trend line break bullish
in the buy zone.
STOP: 15220.75
LIMIT:...
As retail traders, we have the luxury of entering and exiting any position with ease - the size of our trades are not large enough to affect the market whatsoever.
Now put yourself in the shoes of a bank, a multi-billion dollar fund - any type of institutional trader. You want to go long $2 billion dollars on a stock, a forex pair, a cryptocurrency - in doing so...
The NQ daily time frame is in an up trend. The
market is making higher highs and higher lows.
The market is showing signs of extending bullish
towards the monthly up Fibonacci price point 16072.25
about +1,600 ticks away. The market is a little
high which means there is a chance the market
could pull back and form a low price before
pushing bullish again. It...
Last week the market broke the monthly pivot and rushed to retest the monthly S1. The idea was presented in the last post. Buy side has defended the S1 and pushed the price back to monthly pivot. The week started and ended at the monthly pivot. This is half-full-half-empty situation depending on one's view. Considering a short term exhaustion, I would expect a...
VXN / VIX having a FryDay while Indicies are seeing additional Selling.
Not too encouraging at all.
Bonds... bleeding out slowly.
BE surprised if we did not retest the lows and break them as the
protection bid, IF pressed will be quite large.
This idea is a long time before, so maybe it's coming the time, its an ending formation that means wave 4, have to go inside wave 1 let's see!
P.S.
The red arrow should not go straight, as I just show, I will update
Buy the Dip works again as NQ1! recovers from the overnight consolidation. The 10 year bond note broke-out to the upside setting-up potential rotations into the Russell 2000 as September rounds towards home. @Gedeje
The NQ one hour time frame is in an up channel.
The market is at the top of the channel. It will
be a good idea to wait for the market to form
a counter trend line break bullish either at the
bottom of the channel or above the channel.
Entry: Counter trend line break bullish near a
known level of U-turn either above the channel
or near the bottom of the...
An index composed of the 100 largest, most actively traded US companies listed on the Nasdaq stock exchange. This index includes companies from a broad range of industries with the exception of those that operate in the financial industry, such as banks and investment companies.
