NQ UpdateAs I promised yesterday, RSI went further over the overbought line and MFI went overbought. Closed out all of my long positions. Done for the week. by hungry_hippoUpdated 8
Something bad will happen. Quarterly TheoryWhat I have done here is split up the first quarter of the year into 4 quarters. Think of a bullish daily candle, it opens, makes a low, expands to make a high, and then reverses after making a high. This happens in 4 different steps. Everything I look at in these times consists of breaking things up in 4 quarters. Inside this 3rd quarter of the fist quarter of the year, I split it into 4 more cycles. The blue zone is the best time to trade, that's when price should expand to make a high/low. I am identifying the previous green cycle traded to make a high so now I will be framing shorts from here until most of march.Shortby I_AM_LPTrades0
911Executions-ICTAMD schematic on 15Min, another one on 5 Min in second stage distribution. Sellside liquidity was taken, then after the expansion. Sell-side Liquidity was generated again at 16:20 NY Time then it was taken again before the second stage distribution on the lower timeframe.Longby karabomtimkulu1
NQ EOD UpdateRSI barely touching overbought, and NQ usually overshoots the line, so more than likely safe to hold our long positions for Ponzi Friday tomorrow. ES is oversold, RTY is not, so maybe they pump small caps tomorrow. My plan is to exit out tomorrow, go 100% cash, maybe take Monday off. Not sure if the market continues to melt up or if the algos start doing the pump and dump. No real news until PCE numbers Thu before market open, estimate is 0.2% m/m but CPI and PPI came in higher than estimates.by hungry_hippoUpdated 227
Potential Nq Buys after price took out weekly-low/ sell side liquidity we had a reversal from positive reports from big tech companies on NQ followed by a huge rally today, therefore I am anticipating price continuing to previous day high and maybe even previous weeks high. The 1hr time frame could have a shallow pull back and we run to that level in london , I am looking for a overnight consolidation session between asian and london, with price coming back into 4hr bisi before rallying higher, From 7:30-10am cst time there will be medium impacting news for the DXY that can affect NQ price action but we will see how the markets look in the AM 20-30 min before the opening bell Longby martiedirectUpdated 0
Hyped about the possibilities of NQWhy I'm so hyped?... We just had a perfect start of a Bullish weekly model. Bearish Mon-Tues. stablishing weekly lows on Tuesday. Next will be the setting of the Weekly highs on Wed-Thursday with the following distribution on Friday if any. If you look at the NQ chart we went from internal to internal with big boy rejection of that 4H level. Normally under these circumstances price goes from internal to external. Our next external is 18026 about 200 points away from current price. Now, I do not expect for us to go straight there everyone here knows price does not move like that but the case is being made by several factors A Weakening Dollar after the Monthly area rejection A strengthening Bond market - so-so Strength in the small caps which is usually a good indication of risk on scenarios Election year (Never discount the power of Big Brother) Lets see what happens. Longby JP_TruUpdated 0
MNQ 15 MINUTE CHARTThis is a view of the 15 Minute Chart showing the Ichimoku ' Death Cross ' which indicates the beginning of lower prices; Also, to confirm this we see price moving into the Kumo and we see the beginnings of a Red Kumo which confirms lower prices. These in my opinion are multiple areas of convergence that confirm my overall analysis. At this point I will determine how far to move my Stop Loss. Generally, I will not move it to just below Break even until price is beneath the Kumo on the higher timeframes, specifically the 1 hour.Shortby ICHIMOKUREPORT1
MNQ 30 MINUTE CHARTOn the 30 Minute Chart we see the beginning of the the (Death Cross) the shade circle. This indicates that price is beginning its downturn. The lower timeframes should confirm this; if they do, I will determine how much to move my Stop Loss and possible add to my position.Shortby ICHIMOKUREPORT0
MNQ 1HOUR CHARTOn the 1Hour Chart again pay attention to the the 5 lines and Kumo as they pertain to price and where it is gravitating to. I have been in this trade since the Australian Market Open based on the premise that price will drop significantly during the (mid London Session and throughout the New York Session.) Shortby ICHIMOKUREPORT0
MNQ FUTURES 4HR CHART Applying Top Down analysis starting with the Daily Chart, we now have a picture of the 4Hour Chart. Compare the 5 lines of Ichimoku in reference to the the (top down) analysis.Shortby ICHIMOKUREPORT0
MNQ FUTURES TRADE UPDATE:This is an Update of my Short MNQ trade. As mentioned in my previous posts, I utilize ICT Price Action Concepts to determine direction and the Ichimoku Indicator to manage Expansion Ranges, Retracement Levels and in general determine how long I stay in the Trade. I Consider myself a Short-term/Day Trader.Shortby ICHIMOKUREPORT0
NQ Power Range Report with FIB Ext - 2/23/2024 SessionCME_MINI:NQH2024 - PR High: 18049.75 - PR Low: 18019.00 - NZ Spread: 68.75 No significant calendar events Back near ATHs, last explored 2/12 - Holding above 2/16 pivot Evening Stats (As of 1:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 252.25 - Volume: 23K - Open Int: 296K - Trend Grade: Bull - From BA ATH: -0.4% (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 by mv3trader51
NQ UpdateNot overbought yet despite being up over 2%, might as well wait until tomorrow, Ponzi Friday, to sell.by hungry_hippoUpdated 7
Huge Butterfly Tells us Something Big is Probably Close.Harmonic patterns are reversal patterns, but if you trade harmonics a lot you'll notice they usually work perfectly or there is a huge break against you. Which means harmonic failures are often momentum indicators. This is one of the most reliable things I know in trading. Harmonics will be major decision levels. We do not know the direction, but we know an important decision is likely to be made. And this Nasdaq one is .... huge. We have a major decision point. It's either a huge top forming or the failure of this pattern would greatly shift my medium term bias to bullish. Taking a large broad short over today and yesterday. If this happens to really be a harmonic turn a massive bear candle should come. We're talking big bear candles on weekly. If not, we're very close to the failure point of the pattern so we don't have to be short for long. Really good spot to short IMO. Probably the optimal one we've had since early 2022. Shortby holeyprofit10
MNQ FUTURES TRADEI am forecasting a deep pullback in MNQ. I have placed Sell Limit Order.Shortby ICHIMOKUREPORT1
MNQ FUTURES I am providing a forecast of the direction of MNQ with my on-the-chart notes. In addition, I will overlay this forecast with the Ichimoku Indicator for purposes of showing levels and general trend direction.Shortby ICHIMOKUREPORT0
NQH24 SHORT Intra-Day AnalysisLooking at a Rising Channel into Liquidation area and a potential afternoon sell-off...Short02:52by EconomicAlpha2
NQ1! NASDAQ 100 20.02.2024 please make sure of them and do not risk, this is our analysis and ideas. Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyoneby HejaaaUpdated 11
NQ1! Supply Demand Zones 2/21/24 - Levels on BOTH sidesChart link: www.tradingview.com Love the strong push into overnight session, as we are now sitting in a 1HR Supply. I am keen to see this break to either pivot point R2 (bullish) or R1 (bearish). If we can keep struggling in this zone, I want to see a pull down to retrace the huge drop we faced prior to earnings. There is a long wick off support so the pressure to grab liquidity below is possible. For Bulls, we need to see continuation through this zone we are in to gather the orders and use as momentum up. I want to see the trend line on the 3HR break and push to the upside. Time of post we are sitting at the 4HR pivot point P, which is like the middle ground. It can literally go either way depending on momentum and news, and where the buyers and sellers want to push. We are extremely extended off the trend line from the 1HR timeframe and lower, but on the higher timeframes we are close to reaching the upper line for possible break. by tradeswithjess0
NQ Power Range Report with FIB Ext - 2/22/2024 SessionCME_MINI:NQH2024 - PR High: 17710.00 - PR Low: 17675.50 - NZ Spread: 77.25 Significant calendar events 08:30 | Initial Jobless Claims 09:45 | S&P Global US Manufacturing PMI - S&P Global Services PMI 10:00 | Existing Home Sales 11:00 | Crude Oil Inventories FOMC volatility driving price back to weekly supply - Daily print, pivot long - Pushing ~70 points above prev session high - Finding resistance near Tuesday's highs Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 248.28 - Volume: 47K - Open Int: 286K - Trend Grade: Bull - From BA ATH: -1.8% (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 mv3trader5110
NQ Daily UpdateDaily and weekly indicators are no longer overbought, and NQ is still in the melt up channel. Next 2 big "news" events are PCE Feb 29th, and Powell speech March 6th. Heck, there's a chance that they give the market one final pump before the new Dot Plot comes out in the March Fed meeting. (See highlighted example) Be careful shorting anything until then, you need perfect market timing and choose the right stocks. It's a scary market to go big on short positions. by hungry_hippo10
NQ UpdateI guess they didn't turn the algos back on, NQ double dipped into oversold on both MFI and RSI. PANW earnings seems to have impacted tech quite a bit. Fed meeting minutes released at 2pm, and then NVDIA earning after market probably dictates gap direction for tomorrow. Went long on PCAR stock and GM calls yesterday, made some money on the GM calls, closed them since the market looks so bearish. Holding PCAR stock, no idea why it's melting up today. Not gonna bet on tech today, news seems to have bigger impact than indicators right now, and I have no idea which way NVDA goes on earnings. It did a 50% rally in the past 2 months.by hungry_hippoUpdated 338