Ascending price channel. Looking for bounce to new high over 12340
this 3 hour chart shows the Dual RSI moving OB to set the resistance level and OS to set the support zone. A close above recent red dashed line resistance and we'll look for a move to the next resistance level. Trade Ideas: QQQ Call Options NQ / MNQ Futures swing trade with 40 - 50 point risk
A demonstration of previous day value area, fibonacci extension and price action analysis. Remember to use your stops and trade with a plan!
The NASDAQ can be shaken to complete wave2. Perhaps it can peak between October 1st and 2nd.
Nasdaq 100 futures appear to be setting up for a head fake of the pennant in progress since July. While this could potentially be the beginning of a major breakout to the upside, volume in recent weeks has continued to fall as the price has risen. Additionally, ROC indicates that momentum has not reached levels to the degree of previous attempts at the same price...
NQ likely in a B leg up, will shortly complete and initiate a C leg down, expecting a large pullback here before beginning a run to ATH's.
NQ - the smaller W (blue fibs) within the larger W (red fibs), suggests pullback to perhaps 12030 before a move up to the 12257 to 12291 area
+1 minor Support Line +1 High time frame (1H ~) +2 Chart Pattern Strategy Quality 4 / 10
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This analysis is the winter version of the NASDAQ in December. It is only technical trend analysis regardless of any news or information. If the NASDAQ rises in the current pattern, there is a high probability that it will drop significantly once. This is because it is an incomplete rising pattern. Anyway, gaining monthly support and then rising is going to be a...
Eventually, just not in the short-term. NQ at the daily view. The rotation from growth to cyclical stocks ramped up for the past month. Financials, energy, and industrial were among the most shorted sectors since April. When that rotation happened, those piled up shorts blew up all at once. The NQ did not rise as much (except for Tesla) because tech still had...
Contract - CME_MINI:NQZ2020 - High - 12128.25 - Low - 12093.00 Current Stats - Gap: = N/A - Session Open ATR: 247.27 - Volume: 35k - Trend Grade: Neutral Key Levels (Rounded - Think of these as a range) - Long: 12440 - Short: 10665 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting....
Let me know what you guys think, thanks for all the support ;) Copyright Rohan Karunaratne 2020