Much like ES, NQ daily is not oversold yet. Everything says wait until next week. NFLX beat, but guidance wasn't all that great. Red AH.
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!
Take your profit at 18226 (plus de 1500 tick), after we will se à bih bearich trend
Dear all, its been quite sometimes that Nasdaq rally upward. now the bearish signal starting to kick in the decision making level is 17.4k if broken down the selling pressure mostly push to the zone 16k Best of luck TraderApprenticePP
Bearish on NQ. PDAs as identified. Trying not to spend too much time predicting the narrative at the beginning of the week, however price is likely to interact with these zones.
Bearish SMT at the highs indicating that there is a higher probability for a short term retracement if price stays heavy
CME_MINI:NQM2024 - PR High: 17920.00 - PR Low: 17904.50 - NZ Spread: 34.5 Key economic calendar events 09:45 | Chicago PMI 10:00 | CB Consumer Confidence Last day of the month, 1 day ahead of FOMC - Prev session closed virtually flat - Fading from prev highs after a low vol session open - Above half-back of prev session range Evening Stats (As of 12:35...
Similar to ES, NQ has been relatively choppy throughout the last trading week with liquidity voids popping up in the daily timeframe from Tuesday going into Wednesday, Wednesday going into Thursday and Thursday going into Friday with even a bit of a void in Mondays opening compared to Fridays Close. In relation to running buystops, NQ has not dealt that much...
Good Morning Traders, NQ looks primed for higher. if they push it over 14,200 and holds 13,750 range continuation to 1500 probable
In fundamental analysis, we observe a market surge following a liquidity uptake beyond the all-time high, marking a new peak in NQ. However, inflation rates indicate that the Federal Reserve is hesitant to reduce interest rates. Even with a 5% interest rate, inflation is on the rise again. This suggests that the Fed may abandon the idea of lowering interest rates...
CME_MINI:NQM2024 - PR High: 17877.25 - PR Low: 17852.50 - NZ Spread: 55.25 No significant economic calendar events Climbing back to 18000 - Partial weekend gap fill - Found inventory in 17850s - Above Friday's high Evening Stats (As of 12:35 AM) - Weekend Gap: +0.16 (open < 17840) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 302.43 - Volume: 23K -...
Price has moved for ERL(ATH) to IRL(Weekly Bullish OB) which created a MSS on the weekly time frame. Price has retraced nicely off of the Weekly OB and is now entering premium of the current dealing range on the daily - This week we will not trade on Monday as there is no news and will be expecting accumulation. - If market sentiment has truly shifted I am...
If NQ1! has topped for primary wave iii of v, the top of 18709 tagged the 3.618 extension of i from ii and, at the same time, it tagged the 5.618 extension of (1) from (4). From a technical standpoint, it's a beautiful finish. I would think that 11806.25 would hold as support, but technically wave iv can finish anywhere above 4884.
CME_MINI:NQM2024 - PR High: 17822.50 - PR Low: 17755.25 - NZ Spread: 150.0 Key economic calendar event 08:30 | Core PCE Price Index (2x) Closed prev high with vol spike back to week highs - Faded with strength at open from prev session high - Holding inventory in 17740s Evening Stats (As of 1:35 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) -...
On a recent post I posted a trade I took at 18200 level on mnqm4 I`m still using this level again in confluence with the open of this down close candle on 1D chart and lows from previous weeks This time I`m not betting the house Risk on the trade 0.53% on a 100k account with Elite trader Funding
My count has wave 5 of 5 of primary wave 3 complete, primary wave 4 projected to complete towards October 2022 low of 10484.75. I'm looking at 11806.25 to be support for primary wave 4. Area in orange ellipse ends of being an expanding leading diagonal 1 of 5 of 3.