Thinking of a possible trend shift. Added my thoughts to this video mostly to show myself what I missed today CME_MINI:NQ1!
The sloppy entire week has been in a narrow range, had the help of a 150 point contract change lift and the typical O/N lifts or redirects back UP. Blue zone BOX from yesterday, 17960 is original Danger Zone (prior to 150 point change lift). Deduct 150 from 18160 and you are near the DZ, U Turn in play now and starting from final 20 minutes of Thursday Close and...
So, as everyone else I constantly look for better entry models. This one tops the cake and I believe it will be what I use the rest of my life.
For 10 days, price action for NQ1! has been relatively rangebound with Friday wicking through $18,372.75 all time highs but closing at the $18,040 weekly bullish order block. $17825.75 is my next short term target with $17,600 being the next take profit target if we are to continue the decline. My philosophy is simple... Fortify Michael J Huddlestone's...
Okay I've had time to really go over and breakdown the NQ, essentially my goal was to establish a daily maybe weekly bias moving into next week market open. Ive looked at the daily and it seems like we've deviated into sell side liquidity. I've also looked at the 3hr, 30 and 15m charts and all as would be expected, correlating. I've noticed several stacked gaps...
Wyckoff suggests that every cause must have an effect. If there's a price push without the necessary volume, it may be due to the "composite man" absorbing the shares, to sell them at better a price. My narrative/conspiracy is that the All The High coincides with the contract expiration date. The contracts may be withheld to be short-sold until June, which would...
NQ hit oversold, ES hasn't. Still just gonna wait until Monday, and hope for a gap down. It is Ponzi Friday and options expiration, so we could see a bounce EOD. Not gonna play it.
Next Day Analysis 3.14 Initial AM Buy Setup Analysis (Sell Limit Execution) - Morning Analysis based on ICT's 2022 Mentorship.
NQ contract roll week, M (June) contract is active. The Friday volume was the combined highest in weeks, on a down day. The prior O/N (low volume) Long play/props are highlighted in the attached chart and are now targets. The moves balance out, for your reference. The Chart is the March NQ, not NQ1 as this is off. We have 10 trading days until Fed day and we may...
CME_MINI:NQM2024 - PR High: 18263.50 - PR Low: 18245.25 - NZ Spread: 40.75 No significant calendar events Holding below Wed inside bar print - Daily inventory below 20 Keltner - Quickly broke into BeZ after session open - Relatively avg vols to start session Evening Stats (As of 1:55 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open...
3.14 Initial AM Buy Setup Analysis (Sell Limit Execution) - Morning Analysis based on ICT's 2022 Mentorship.
Looking for Bulls to defend their position and run towards next extension high!
As the rally continues in US markets it is hard to not take notice of the curvature on the larger high time frame trend. It is losing momentum and comming into what should be a pivital area. While there is no way to know how buyers and sellers will respond the loss of momentum signals that what is driving price is slowing and eventually may run out of...
Nasdaq (NQ1): CME_MINI:NQ1! Examining the Nasdaq on the daily chart, it appears we may have indeed reached the final level of the potential primary scenario Wave 3 at the 461.8% extension, which is around $18,400. Now, we should be entering a Wave 4. If we continue to rise beyond this point, we might consider an alternative scenario where there is a bit more...
CME_MINI:NQM2024 - PR High: 18361.25 - PR Low: 18340.25 - NZ Spread: 47.0 Key economic calendar events 08:30 | Initial Jobless Claims - Retail Sales (2x) - PPI Prev session closed as inside bar - Retraced ~50% of Tues session - Inventory response back inside prev session range - Maintaining daily 20KA trend - 2 weeks range bound, ~18125 to ~18630 Evening...
Markets closed the week with a dip as record highs gave way to profit-taking. Chip stocks, including Nvidia, faced reversals, impacting the S&P 500 and Nasdaq. Despite a strong job growth report, rising unemployment and slowed wage growth tempered the market's enthusiasm. NVDA closed 10.14% off it's ATH and Costco's 7.6% drop signaled cautious consumer spending....
CME_MINI:NQM2024 - PR High: 18480.50 - PR Low: 18463.25 - NZ Spread: 38.75 Key economic calendar events 10:30 | Crude Oil Inventories 13:00 | 30-Year Bond Auction Daily print, pivot long following volatile session - Holding prev session highs - Contract rollover week continues - Bit of vol spike into London hours Evening Stats (As of 2:55 AM) - Weekend...
I wouldn't touch NQ and ES till it shows a clear direction to either was. NQ is clearly losing strength. ES is clearly stronger, but how long can it go without taking out some sell-side? Pretty suspicious if you ask me. I feel like something is cooking. Yes, ofc price can go further higher. But we are stacking up lows after lows. And we all know when Price is...