Contract - CME_MINI:NQZ2020
- High - 11654.75
- Low - 11584.00
Current Stats
- Gap: = +0.07%
- Session Open ATR: 316.37
- Volume: 42k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 12440
- Short: 10950
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
since im a perma bear, this is a prediction when the bubble pops
we will go to 200ma first, and than go back again in a deep RSI exactly like in last march
thats more than 4000 points down
stay safe
Could we see this H&S on the 4hr timeframe fill out? It's quite possible. Looking at ~11574 as the key level. If this is right, play the bounce long, then heavy short.
MFI heading down fast but RSI isn't. Means that the market is buying stocks while they dump futures. Usually means a melt up.
Wait until MFI gets oversold, then we'll see another pump. Probably just a sideways whipsaw for a couple of days.
Contract - CME_MINI:NQZ2020
- High - 11901.25
- Low - 11850.00
Current Stats
- Gap: = +0.13%
- Session Open ATR: 318.89
- Volume: 63k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 12440
- Short: 10950
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
I think NASDAQ 100, missed its momentum and could pass over it's last resistance by going the opposite direction of S&P 500 which doesn't always happen, but NASDAQ is being overbought allot.
this can change any moment, one of the most likely reasons is, if Biden sets a solution of Covid 19, means good news of Covid 19 drives the market higher and bad news lower,...
Elliott Wave View in Nasdaq (NQ) suggests it is currently within wave ((5)) from March low. The Index still needs to break above wave ((3)) at 12465.25 on September 2 high to validate this view. Internal of wave ((5)) is unfolding as an an impulse Elliott Wave structure where wave (1) ended at 12249 and wave (2) pullback ended at 10945.77.
In the short term 45...
NQ1! today hit a resistance level and instead of continuing to uptrend, it made a lower low. The failure is also shown by the MACD. I think that NQ1! has exhausted it's momentum.
