The NQ Daily time frame has created a sideways
movement. When the market hits the top of the
resistance level around 8000.00 the market is
having a +1,000 tick sell off. I am waiting for the
market to hit 8000.00 price point then looking
for the sell towards the up trend line about +1,000
ticks of bearish movement.
Almost becoming a standard for the stock market to bounce right back up again after some bad bearish news and price action. This time there is a chance things might be a bit different though. On the left it looks like there is a real resistance zone now inside this bear flag. I have not posted much about these markets, because the noise has been extreme past year....
NASDAQ BULLISH SETUP should be your priority option because the price already broke minor support and have a chance to meet next major resistance from a intraday bullish movement. ON THE DAILY chart we can see NASDAQ is moving in a trading range, and the price is currently nearby the major resistance. The common movement of price action is it will back to nearest...
As the "Trade Deal - Phase One" between the US and China comes into fruition, this piece of news could not have come at a better time for the Nasdaq ($IXIC).
With the Nasdaq brushing up against it's Monthly Resistance Level of 7879.50 (Blue Line), in the midst of an uptrend, the news of a Trade Deal between two economic giants may act as a much needed tailwind to...
15 min chart
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*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk...
The Nasdaq 100 E-Mini Futures Daily time
frame is in an up trend. The market hit the
up trend line and pushed bullish.
The distance to the top blue level which has
history of pushing the market back down is about
+2,000 ticks away. The market looks like it may
wave forming higher highs and higher lows as
it moves bullish.
I am going to look towards the smaller...
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I explain the quick principals of the Pitchfork and how we use it.
Parallel to the educational benefit, you get the analysis of the NQ and a good feeling, where we are in the whole big picture.
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1. Klick the link at the...
All pumps are short opportunities. NQ has been nuts lately, both sides should be very profitable. Just play the swings. I see dont NQ making a new local high today. Expect movement on impulses and corrections. WEEEEEEEEEEEEEEEE
*same chart as the one posted earlier this week.
Multiple headlines triggered the upside rally for today's session. Most of the movement happened in the overnight session. The day session retested the resistance level and found responsive sellers. Could be a risk off going into the weekend. Such a strong move created an overbought condition with a negative divergence. Next week would be telling whether the...
A headline helped to break the previous support, now resistance, and led to a liquidation move back to the old support. There is a positive divergence that may play out. However, it is better to watch on a smaller timeframe a reaction first before engaging on the long side. Watch for headlines. I won't be surprised to see attempts to stop the downfall especially...
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.
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NQ1!
