I think we are in a daily rang at the top of the trend, market created new ATH recently but didn't close above the last one so I think market needs to go down to take more liquidity and resume trend
NQ Nasdaq futures: There is a possibility of a selloff looming.
On the daily chart we have the first ever volume spike in a long time, thats why i believe we are headed down.
I have one completed impulse down from the ATH at 18709.00. This impulse started with an expanding leading diagonal and finished at 17181.75. Bulls (green) see this an A wave, and bears (red) see this as wave 1. Bounce off low tagged the 23.60% retracement with a zigzag and then found a new lower low. With this I see two possibilities: either we start forming more...
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I guess the daily had to go oversold during market hours, not during Asian hours. Looks like a double bottom
Went long again on the drop, but no tech stocks. Brazil held strong on that drop, I've got some EWZ calls for next week. Had sold it once and bought back for a bit cheaper, it didn't drop much when the US market dropped. I rarely trade US index fund...
The NASDAQ declined after positive data for the dollar, especially regarding inflation, and statements confirming no imminent interest rate cuts.
The second reason behind the NASDAQ's decline is Trump, who lost over $3 billion in a few days due to the drop in his media group's shares.
Another reason behind the NASDAQ's decline, in my personal opinion, is that...
CME_MINI:NQ1!
“I really think a champion is defined not by their wins, but how they can recover when they fall.” - Serena Williams
Yo Family I have been studying NQ like a MAD man waiting for the right HIGH PROBABLE SET-UP...I believe that time has finally come... Below I will break down in gr8 detail as to why I believe we can potentially catch a nice LONG...
Bullish count in green, bearish count in red. Completed impulse off high of 18709 to low of 17181.75. Impulse had expanding leading diagonal to start. Bulls looking for B wave in 17765.25-18261.75 area. Bears may already have the 2 in at 17553.25. If low of 181.75 holds, bears looking for the 2 no higher than 17854.
Playing this off the bearish momentum and induction retracement back up to HOD for a short to sell off heavy today. Stay Vigilant! Anything can happen. Use proper risk management!
Daily RSI hit oversold yesterday on teh Israel bomb drop, RSI not longer oversold on 3hr because of the rebound. MFI still oversold.
Probably a whipsaw day because of NFLX earnings. Gonna opt to just sit out until Monday, and figure it out then
RSI hit oversold, MFI buried in oversold territory.
If it wasn't for he situation in the middle east, I'd go long right now. I just don't care to hold a long position overnight, the probability of an Israeli attack increases daily. Plus I figure they'll attack on Friday (Muslim holy day) since Iran attacked on Saturday (Jewish holy day).
Also, NFLX earnings AH today
hello TradingView members,
after all kinds of analysis done, when possible future events taken into account, now it is time to translate into risk management analysis and bias. this is related only to the current leg, we may go lower than the target as long the stop-loss is not triggered.
the idea is about sharing this setup is to allow also others to consider...
Not sure if it matters but NQ MFI went oversold. Probably just gonna close my puts on open for a small gain and stay cash.
Not going long until daily indicators go oversold on ES1!
NAZ near lower YTD Channel after struggling to get lower during lower volume Holiday week. Usually the next move is back up the entire distance of the multiple day decline and this is typically done in the off session (non Reg Session) over 1-2 days. A Gap up may show up on Sunday and if so, retest gap drop then up and away. Should that not play out and the NAZ...
