NASDAQ 100 E-mini Futures CME_MINI:​NQ1!

There is no strong selling during the RTH session. In fact, it was a very balanced session offering trading opportunities for buyers and sellers. If today's low is not breached we may see an upside move into Friday's range. That would be a sign of buyers stepping in. My anticipation is for the price to balance within the last box. Only breaching it to downside...

Weekly shooting star + daily bearish engulfing = potential for trend reversal back to 7k

Pattern: Bullish Channel on 1D. Signal & Target: Bearish towards the potential Higher Low (7180). If the Higher Low line breaks at any point the target would be 6915, just over the 0.382 Fibonacci.

LOVING THE WEEKLY CLOSURE, PULLBACK AND SELL

Experimental Idea: New technique for forecasting price targets. This is the first test and let's see how it goes from here. Green line should be touched during next week no later than 2nd April 2019. There is red line representing market extreme range to be reached during the period specified above. I have removed it due to missing few bars in the available...

I'm watching the NASDAQ as it's approaching an area where I would like to take a short. I think that it is possible the NQ is still due a violent wave C. This is because the volume on the leg down is much higher than on the rally that has followed. Therefore I am expecting a failure to achieve a new high followed by a move to down to find support. If we get a...

Rally in Nasdaq (NQ_F) from December 26, 2018 low remains in progress as an impulse Elliott Wave structure. An impulse structure consists of a 5 waves move. Wave ((4)) of this impulse move has ended at 6965.57. As the chart shows, after forming wave ((4)) low, Nasdaq has rallied higher and broken above March 4 high at 7211.5, confirming that wave ((5)) has...

Short / rising wedge / H&S / bearish divergence

Big down momentums have been signal in the past that there is strong concerns about the economic markets. Big players sold, market tries to recover on "promising data" but only marginally grows on low momentum. Then market starts to fall, businesses start to turn from relief to longer-term worries and lower their work force and expenses. Unemployment goes up as...

Bounce from the 61.8?

Excellent move off Camarilla month pivots and ATR Trend. Target 7300-7370. $QQQ $SPY $VXX $TLT $IWM $NDX $AAPL $BA $AAPL

The Nasdaq 100 futures contract is showing signs of weakness with momentum turning lower near term. Since the drop in prices at the end of September last year, the market has come back in a corrective price structure moving into the key red shaded projection zone above. The most recent swing is a rising wedge which is a triangle pattern with both trendlines...

A strong down move initiated from the Globex session found continuation in the RTH. Not often we can see the Globex and the RTH traders agendas in sync. A rejection from the large timeframe resistance suggests that the price discovery is done and the short term top is established. We may see a continuation to the downside to solidify the balance bottom. On the...

Think tailwinds for NQ

After the FOMC announcement the NQ exploded to upside tagging the next major resistance. After that the sellers managed to fade 50% of that move. This is a typical reaction when the price makes a new high. ES, YM and RTY had less success to sustain that move. The Feds decision impacted the financials and that started to drag the broader market down. The FANG...

PLAN YOUR TRADE AND TRADE YOUR PLAN K.R.S

Pattern and Signal: The 1D Rising Channel is testing the 1W Resistance Zone. Bearish signal. Target: 6915 (the 1D Support).

An inside day with a bullish skew. Yesterday's selloff did not scary the buyers. They defended the Globex low and remain in control the entire RTH session. Levels to watch: - aggressive support - 7160-65. Holding above it opens a door to retest the recent high - today's low - 7124.5. An important level to hold for the buyers. Loosing it may open a door for...