US100 (NQ) Short PlayHi together! Nasdaq 100 is presenting a nice short opportunity. the uptrend is broken, and the price level which is now near, caused previous short moves. As always: monitor the lower time frame for the price aciton. short plays are dangerous in NQ, but this is a nice setupShortby FighterFan3
Elliott Wave Analysis: Potential Correction AheadThis is an Elliott Wave analysis. We know that the market is fractal, and we find this wave behavior on any time frame. According to my observations, it seems that we are close to an 'ABC' correction in the micro-trend (1D), and in the macro-trend (1W), we would be near the 4th Elliott wave, which corresponds to a correction of 11% - 15%, or it may retrace near the following range: ($16,300 - $15,800). Attached to this thought, I have marked all corresponding Elliott waves. Please let me know what you think. :) Disclaimer: This analysis is solely a thought and should not be construed as an investment recommendation. Investors should conduct their own research and analysis before making financial decisions. The information provided here is for informational and educational purposes only, and does not constitute financial advice. Shortby Alvaro_RNG1
NQ. Short or LongIf liquidity is not removed at the level 18172 before the NY session, and shorting does not occur, then was liquidity left there to go long?by AlexeyWolf0
It took longer than expected to get 17832.50price took longer than expected to deliver the price we wanted to see but we got it. This contract is expired but it ran down to the17832.50 that we called last week. i have no bias at the moment i want to see price go down but we have a 4HR FVG want to see if it will show resistance by Courtlandxx0
NQ Power Range Report with FIB Ext - 3/18/2024 SessionCME_MINI:NQM2024 - PR High: 18103.50 - PR Low: 18062.25 - NZ Spread: 92.0 No significant calendar events Opened above Friday's close - Retracing ~50% of Friday range - Below prev week range & 20KA - FOMC week Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 263.11 - Volume: 24K - Open Int: 254K - Trend Grade: Bull - From BA ATH: -3.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 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 mv3trader51
NQ Weekly Levels (Mar18-22)The market closed red for the second week in a row as traders took profits on persistant inflation and fears that the Fed may not cut as soon as expected. Mag 7 stock weakened and ADBE dropped 13% on Friday. The Russel fell by 2% and OIL stengthened. This week the market look ahead to the FOMC rate decision on Wed. SUMMARY NQ closed down 1.31% last week after trading in a wide range of 500 pts. NQ closed down for the 2nd week in row R1 = 21 ema (18221) R2 = 9 ema (18295) S1 = May 5th Low (18082) S2 = 2021 High (17957) Bias remains long but choppiness at ATH increases odds of a near term pull back. Break below upward trendline would signal potential trend change. Potential risk-off and inflationary shift as XLP, XLE & XLB are showing near term strength. Mag 7 are showing weakness. ADBE dropped 13% on Friday FOMC rate decision on Wed Inflation remains persistant. XLE up 3.84 % last week. Growth and small caps still under pressure. RSI 47.52 | VIX at 14.42 | 10 year 4.31% by WadeYendall3
NQ looks weak and we could see sell side liquidity purgedShorting NQ this week -Daily OB should keep price from going higher -Sell side liquidity is the draw for the week -Dollar looks bullish -EURUSD look weak Shortby diegoulises2810
Discounted Demand going LONG for the HOUSE to Capitalize on...?CME_MINI:NQ1! 'Much of our trading comes down to a battle between our patience and impulses' I am developing this NQ LONG as we speak... Here is my reasoning as to why I think the market will continue to push lower and mitigate discounted demand levels and then we'll get to catch a nice LONG for the HOUSE to CAPITALIZE ON... 1) On the Daily TF we have this HUGE Indecision Candle in which I grabbed my Gann Box and drew out the High N LOW & THE EQ Level of the candle ($17797.25)"EQ" in which I intend sellers to push price towards...Then take off LONG (This is the move we look to Capitalize on) 2) The PA that I will be looking for is a Mitigation of the Daily Indecision Candle EQ Level ($17797.25) and possibly a push lower and then i'll start monitoring the LTF 30&15m and wait for the 15m BULL CHoCh and possibly enter if we can get the right amount of confirmations... Let's stay focused and see how PA plays out...***Remember I am looking for sellers to continue pushing price lower & Mitigate Discounted Demand Levels and then Ill be interested in going LONG on a LTF confirmed 15m Bull CHoCH along with more confirmation... To be continued... #BHM500K #NewERA Longby TreyHighPwr1
Quick NQ Assessment- Do we remain BullishThinking of a possible trend shift. Added my thoughts to this video mostly to show myself what I missed today CME_MINI:NQ1! Short03:53by JP_TruUpdated 114
NQ Range (03-15-24)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 working in O/N now. Upper TZ is TLX 18345, NAZ retesting the Diablo now. Pop above will retest from above and take off until Tuesday (Friday-Monday) Rig Prop play is the idea and pattern form months. 18400 is original YTD high (prior to 150 point change). Looking for range day with usual/typical Long Only games to play out, Fed Day will be the redirect on a stall out. BTD/FOMO until Tuesday or Fed Day. Longby MAZingUpdated 151510
My new entry models that are working great.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. Education09:41by breakouthunter82110
NQ1! - Pending Sell Stop HuntFor 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 concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN Short16:29by LegendSinceUpdated 0
Directional BiasOkay 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 that sit closer to buy side liquidity that may act as a magnet for either pemarket or market open. Essentially once price makes a move to the upside I'll be looking for about 15-30min of price action to establish a premium entry if given the opportunity. it would only make sense for market to open and price tragets more buy side liquidity before making the initial move we know it will, sorta like the power of 3 maybe.Shortby es_futures1110
All Time High Without Volume 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 be profit taking. And where would those profits go? I presume Crypto assets since the FED is approaching its inflation targets. So, the Venture Capital Hedge Funds might be "hedging" the over inflated tech stocks against another tech driven asset group: the crypto. Shortby simplestupid0
NQ UpdateNQ 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.by hungry_hippo8
TRADING JOURNAL - 3.15.2024Next Day Analysis 3.14 Initial AM Buy Setup Analysis (Sell Limit Execution) - Morning Analysis based on ICT's 2022 Mentorship.by nxthxnie10
NQ Weekly Range (03-11-24)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 see a lower move with typical Long Only Rocket up. This has been the typical knee jerk FOMO move. On March Chart below: 2 white arrows are U-Turn moves in or near the O/N (fake, low volume). These usually come back on retest just like Friday. The Fib Levels are the YTD range (Yellow Arrow). NAZ is near lower end of Channel, KL 17920-60 is what to watch. The point brackets (white / yellow) will account for value of drop offset (fake U-Turns) and the effects of. The brackets under Fib level 50% could have been the true NAZ position, without U-Turns. The current YTD range may play out until the end of 2nd quarter. The point is use these as downside targets, no drop keep buying the dip and FOMO forever. Friday volume was huge and on a down day, during the regular session and we need to see the results of the Monday reg session. This may be the pattern break that I have been looking for. I will update on Teams with intraday moves/calls and will leave this post open for TV followers (daily updates). NQ H March Chart by MAZingUpdated 383813
NQ Power Range Report with FIB Ext - 3/15/2024 SessionCME_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 ATR: 254.41 - Volume: 26K - Open Int: 244K - Trend Grade: Bull - From BA ATH: -2.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 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 Shortby mv3trader50
TRADING JOURNAL - 3.14.20243.14 Initial AM Buy Setup Analysis (Sell Limit Execution) - Morning Analysis based on ICT's 2022 Mentorship.Shortby nxthxnie1221
NQM24 LONG to Next IntraDay HighLooking for Bulls to defend their position and run towards next extension high!Long01:33by EconomicAlpha1
Nasdaq Ready For Another Rip or 10-15% Dip?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 fuel. This is a daily chart that is focusing on the average range size for this chart so that IF we see a rejection here we have an idea of what kind of correction is typical. The reoccuring range size here is 10-15%. Being this is a larger trend that has persisted for over a year we may see a larger correction IF there is even a rejection. IF price brakes to the upside no reason to stop dancing until the music actually stops. While most ignore these signals the cause is simple. Trends persist often to long past their fair value simply due to a positive feed back loop to continue in the same direction until there is a complelling enough reason to get people stop. This typically only occurs when willingly deployed liquidity runs dry. This is something that occurs over time and what I refer to as the rate of decay or loss of momentum represented by the curve in a time vs price chart. Current Trading Plan: Patiently watch for a rejection in the top 1/8 of the current price range and IF it occurs begin trading to the short side. A brake of the hand drawn yellow trend below will be a clear signal the trend is likely going to change. Trade Well... Your Friend, Degen "He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten son of God" ~ The Lord God If you don't like it don't read it.... I do Shortby Degen-DynastyUpdated 0
Nasdaq (NQ1): The Grand Finale!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 room to extend upward before developing Wave 5 as a Wave 5 extension, possibly around $19,500, marking our maximum in this scenario. Thus, there are two scenarios, but we primarily lean towards the scenario that we are currently experiencing Wave 3, not Wave 5. Consequently, we anticipate a downturn to at least $15,500 minimum, up to a maximum of $14,140, the subordinate Wave ((iv)) level. This is the maximum level we expect to reach with Wave 4. We should definitely see a stronger corrective movement downwards before the final impulsive Wave 5 ascends. If we begin to see the first signs of weakness, we will consider establishing short positions on shorter timeframes, but until then, we will wait and observe.Shortby freeguy_by_wmc2
NQ Power Range Report with FIB Ext - 3/14/2024 SessionCME_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 Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 259.33 - Volume: 16K - Open Int: 229K - Trend Grade: Bull - From BA ATH: -1.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 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.Longby mv3trader50