A small Trade On NQthe least you can do is win the 100 Ticks but you can follow the market with the stop after 100 ticksLongby Zariouh0
NQ Weekly Levels (Mar4-8)On Friday, U.S. stocks surged to record highs, driven by a technology stock rally focused on AI. The Nasdaq achieved its second consecutive closing record, led by AI-related firms like NVDA and META. February marked the fourth consecutive month of overall gains, primarily attributed to AI and positive effects on semiconductor stocks. NVDA reached a $2 trillion market value for the first time, while AMD also hit a record high. Investors are cautiously monitoring potential Federal Reserve interest rate adjustments. Despite some economic weaknesses, signs of a rebound were seen, contributing to lower U.S. Treasury yields. Weekly results: SPX up 0.95%, NDX up 1.74%, DIA 0.11%. This week we look ahead to a slue of employment data including Nonfarm Payrolls on Friday. SUMMARY NQ gained 2.01% las week after trading in a wide range of 546 pts. NQ has now closed 4 weeks above the 2021 high R1 = LTF 1.272 Fib X (18328) R2 = LTF 1.618 Fib X (18599) S1 = Feb 12th High (18121) S2 = 9 ema (17966) NQ up 27% since the Oct low Data weak enough to keep rates down but strong enough for earnings growth Market believes election year will provide support Key earnings reports are : TGT, COST, AVGO, KR, RIOT, NIO, ROSS & JD Key econ data = PMI Tuesday, Boc Rate Decsion Wed, Powell on Thursday & NonFarm Payrolls Friday Long bias remains absent any new information Limited resistance levels above make large whole number very important. Watch for small cap growth to finally take off. RSI 65.34 | VIX at 13.12 | 10 year 4.18% by WadeYendall5
Elliiott Wave Analysis for NQThe expanding triangle on the fourth leg and demand around 0.38 makes me think this might be worth watching. After all time highs, we may observe profit taking in March and April. But we're also transiting into a Risk On environment and presidential election period may keep markets bullish with a relatively weak USD, in order to boost the labor market. by simplestupid114
NQ--Bullish, but watch for short term rallies from singleprintsWe should test last weeks Volume value area. Watch for rejection from Fridays lower distribution. initial thoughts on PA and weekly alone. Bulls maintained the previous excess high, and we spent most of the week building value in the prior weeks upper distribution. There will have been alot of stops above this excess high Does it mean sell? not necessarily. we're building value at higher prices week by week. The market is bullish on all TFs The market established value above the prior balance area----this is acceptance of the breakout. Watch DXY, and we also have true gaps to fill on both ES and NQLongby CableTraders223
larry williams + ICT create the best swing trading startegyentry: percentR indicatory is on minus 67 and prior days closing price is in a fair value gap area or half of a prior down wick securing profits with a trailing stop below prior days low backtest shows pyramiding 7 times with 1 contract had a 1 million $ reward on NQ in last yearLongby responsibletrad8rUpdated 0
NQ Range (02-29-24)Look Long today or tomorrow, U Turn on the way or down the NAZ will go. Yellow arrow is range for break out, NAZ is in ML of O/N Range, KL 17867 look short below and long above, Orange Zones are targets for redirects if it, above 17908 is strong long. Final day of month and tomorrow is 1st day of March and a Friday, could be great set up for the Friday-Monday Magic Long Only dance. I will update on Teams.by MAZingUpdated 227
Do we run out of steam?Saving this ghost candle idea for fun. It's been a decent run to say the leastShortby vincefromaspects0
NQ UpdateRSI hit overbought, ES RSI isn't there yet, so possibility of more pump Monday. Going all cash for the weekend, will look at possibly shorting something Mondayby hungry_hippo6
NQ Buying OpportunityThe NQ is heading up. It dipped down creating a good time to enter long already. If you missed it today the market should dip back down creating another long entry for swing trading. Longby hope4blueskyUpdated 0
NQ Weekly Levels (Feb26-Mar1)NQ and ES concluded the week in the green once again after testing the low of the recent range early in the shortened trading week for US markets. The NQ closed 1% off its (ATH), while the ES finished 0.56% off its ATH. The late-week recovery was fueled by another strong earnings report from NVDA, although big tech showed signs of weakness, closing out the week with most of the Mag 7 in the red on Friday as money rotated back into XLP, XLV, and XLB. Earnings season will wind down this week with reports from some big retailers, Canadian banks, and small-cap growth names. PCE data is on tap for Thursday, and the Fed heads will continue their speaking tour. SUMMARY NQ gained 1.35% las week after trading in a wide range of 771 pts. NQ has now closed 3 weeks above the 2021 high T1 = 1.618 Fib X (18118) T2= 2.24 Fib X (18477) S1 = 9 ema (17473) S2 = 2021 high (17706) Uptrend remains intact above the upward trendline. Sector rotation last week from XLK, XLC & XLY to XLP, XLB & XLV. Durable Goods & Consumer Confidence on Tues. PCE & Consumer Spending Thru. Manufacturing PMI on Friday. Earnings this week include reports from U, ZM, LOW, M, MARA, CRM, SNOW, CELH, BBY & Canadian banks. Elevated terrorist/war risk with escalaton of conflicts in the Middle East. RSI 59.55 | VIX at 13.74 | 10 year 4.25% by WadeYendallUpdated 1110
Wyckoff Projection If my observation is correct, we're having a re-accumulation, within a HTF re-accumulation. There's a lot of liquidity to be taken before we push higher. Longby simplestupid2
NQ Power Range Report with FIB Ext - 3/1/2024 SessionCME_MINI:NQH2024 - PR High: 18082.50 - PR Low: 18044.75 - NZ Spread: 84.25 Key economic calendar events 09:45 | S&P Global US Manufacturing PMI 10:00 | ISM Manufacturing PMI - ISM Manufacturing Prices Knocking on door of ATHs - First day of month on a Friday - Above week highs - Previous attempt to push ATHs failed same day - Should have more excitement for ATH break Evening Stats (As of 1:35 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 233.32 - Volume: 32K - Open Int: 294K - Trend Grade: Bull - From BA ATH: -0.01% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18106 - Mid: 16963 - Short: 16391 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone Longby mv3trader51
Trades I took on Thursday following the retracement I predicted I took some longs in the pm session after we hit the 17834 level and went higher the level that I referred to Sunday i scaled in to a position of 5 contract took 3 off then let 2 runby Courtlandxx1
Just as I expected i guess I'm predicting the marketprice went right to the level 17834 i said it would go to Sunday on and instead of Monday Tuesday it was Thursday and bounced off that level i had took some buys at the lows if i can post the executions i will im starting to get the hang of it time is the number one factor for your development Longby Courtlandxx1
NQ Futures Longs?Today NQ had a strong bullish move leading me to believe that price will be at all times highs very soon. We could see a corrective move down before all time highs are hit.Longby EvanGre0
Nasdaq (NQ) Extending Higher in Impulsive StructureThe short-term Elliott Wave View in the Nasdaq (NQ) suggests that rally from 1.5.2024 low is in progress as a nesting 5 waves impulse. Up from 1.5.2024 low, wave ((i)) ended at 18121.5 and pullback in wave ((ii)) ended at 17372.75. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 17542 and rally in wave (b) ended at 18026. Down from wave (b), wave i ended at 17717 and wave ii ended at 17903.5. The Index extended lower in wave iii towards 17452.5 and wave iv ended at 17614.5. Last leg wave v ended at 17372.75, which also completed wave (c) of ((ii)). The Index has turned higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 18144.75. Pullback in wave (ii) unfolded as a double zigzag Elliott Wave structure. Down from wave (i), wave w ended at 17922 and wave x ended at 18059.50. Wave y lower ended at 17826 which completed wave (ii) in higher degree. The Index has turned higher in wave (iii). Near term, as far as pivot at 17372.75 low stays intact, expect Index to extend higher and any dips to find support in 3, 7, or 11 swing for more upside.by Elliottwave-Forecast3
NASDAQ-Feb 2024 3 Days remaining!Nasdaq seems on a fast track to close Feb 2024 And still a lot can happen in 3 days, which is the remaining time left to close the month. One key point to make: While Price continues to deliver within Bullish structure. Weekly Price has been unable to close above 18071. Current momentum is expected to continue to push price higher, but noting price's inability to close a weekly candle above this price area will open the possibility of repricing down. It is what it is till its not Price is expected to continue its up-close trend until it shows clear indication of weakness. Looking for a possible Bearish Mon-Tues structure, setting the stage for Bullish continuation Wed-Thu.Longby JP_TruUpdated 3
Weakness in Bullish momentum. Did we see the top for Nasdaq?Lets look at CAPITALCOM:DXY Currently with a Bullish structure and slow build up Long. Seems it is attempting to reach that Monthly Area low. Bullish Dollar=Bearish Equities....Right? Well this has not been the case these particular past couple of weeks. We have not seen with clarity the inverse correlation between DXY and Equities. In fact everything has been manipulated up. Yes! I wrote manipulated do not get hung up on the word. Back to Indices. CME_MINI:NQ1! CME_MINI:ES1! CBOT_MINI:YM1! These have a strong Bullish structure. NQ is showing signs of repricing with this pullback. -Is it sufficient to slow down current Bullish momentum? -Is NQ leading the indices in a reversal? These are all valid questions, yet we do not have enough data to validate either or. Bearish Equities seasonality could have kicked in. This is the week of confirmation or at the very least for price to provide some sort of hint. My targets for NQ providing price action confirms it are either a repricing to 17107.25 or a break of Highs. -If we take out lows first then I would expect price to rally once again and make another attempt at Highs. -An attempt at highs at the beginning of the week will look favorable for the Bears salivating over the Volume Void right at 17107.25 Here is a view of Weekly Charts for: ES YM NQ by JP_TruUpdated 9
NQ! Biasbearish bias for NQ! external to internal no body close at the high (failed swing???) premium to discountShortby Trade_with_ICEUpdated 1
Pivot Point 101This is 6 months of every day's Pivot Points. One point I want to make is that buying an S5 or S6 and selling at R5 or R6 is very doable trade, and you really don't need to worry about going outside the S6 ot R6 range, it's a revelation when you accept that fact. Going long here at S6 is literally the safest long there. Selling and Shorting at R6, same thing. plus your stop is just outside the Pivot Range. Unless you are using a trailing stop on a daytrade, you should use ATR stops. The other point I want to make is about daytrading in chop, vs Buying an S6 like on October 23rd, and holding for R6 till Tuesday 19th of December for 3000 NQ points. is swing trading a little boring, sure and it takes patience to hold for that long, and not trade in and out like most day traders do. But are we in this for a thrill or to make a profit?Educationby dryanhawleyUpdated 2