Hello,Friends! NQ1! is making a bullish rebound on the 9H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 17048.25 level. ✅LIKE AND COMMENT MY IDEAS✅
Looking at NQ futures chart, we seem to be in a clean bear flag. If at the time of FOMC announcement and J. Powell talking (2-3pm est), if the market is relatively at the bottom of the channel, I'd be looking for the Bear Flag follow through. The risk/reward on this pretty huge considering the trade accounts for a 400 point drop if it plays out as the charts show...
Here are my levels for this the coming week. NQ had a sharp reversal last week bouncing 3.82% after trading down for 4 weeks in a row. Dispite the strong rally the risk of bearish continuation remains high. A rejection at the top of the 1st red box could easily send price into a compound corrective move down to the 200 sma and upward trendline. Much depends on the...
Hello guys. that's today's micro analysis. we will see what will happen at 08:15 considering that we have non farm Employment. high impact news. I use ict model 2022 strategy
CME_MINI:NQM2024 - PR High: 17503.75 - PR Low: 17453.75 - NZ Spread: 112.0 Key economic calendar events 08:15 | ADP Nonfarm Employment Change 09:45 | S&P Global US Manufacturing PMI 10:00 | ISM Manufacturing PMI - ISM Manufacturing Prices - JOLTs Job Openings 10:30 | Crude Oil Inventories 14:00 | FOMC Statement - Fed Interest Rate Decision 14:30 | FOMC...
Bearish SMT at the highs indicating that there is a higher probability for a short term retracement if price stays heavy
We think that the high of Tuesday, April 16th, is the next draw on liquidity for NQM2024. Hence we hold a bullish weekly bias for now. However we have FOMC and NFP this week. So we expect lots of manipulation and are primarily looking to scalp intraday. This is no financial advise! Do not risk real money on any idea published by us.
Key Developments: The E-Mini Nasdaq 100 futures contract has had a rough month in April. Some of this correction was due to fears surrounding higher interest rates and persistent inflationary pressures. However, we believe most of the weakness had to do with other technology stocks that had reported earnings prior to META, GOOG, and MSFT. ASML, a semiconductor...
Gone private but still here grinding everyday. Im expecting a weak NQ NAS NASDAQ NAS100 whatever you want to call it. Short story is buyside purged and HTF bearish delivery. Long story is yet to be told via lower time frame price discovery expression. My bias is to the downside. Target is a standard deviation of the opening price projected below the open...
The support at 17,372 points seems to be holding: Yesterday, the Nasdaq touched down on the red line once again, but immediately used it as a springboard for a further upward swing. This is good news for our primary scenario, as there is still a long way to go until the top of the magenta wave (i) is reached. If the Nasdaq continues to defend the 17,372-points...
In the video I explain my approach to the market and how I use 'trade sizing' to manage my risk in the initial part of the US session. I walk through the price action for the NASDAQ and why I traded short and then flipped long. I explain the concept of sizing with regards to trade management and then how I 'SIZE UP' when I have conviction to end with a profitable...
NQ has been chopping as of late with ES, but looks like it has a chance to breakout soon. I have to expect the range will hold until it doesn't, but here's some paths if it happens.
price indeed dropped like i said it would i dont know if it will go higher or lower i want it to go lower but im not holding a bias
CME_MINI:NQM2024 - PR High: 18176.00 - PR Low: 18153.25 - NZ Spread: 50.75 Key economic calendar events 08:30 | Initial Jobless Claims 13:00 | 30-Year Bond Auction 2 unfilled QQQ gaps below 5/6 & 5/3 ranges - Another virtually flat close for prev session range - +80 points above prev session low, below the close - Low vols remain Evening Stats (As of 12:05...
Hello. after a longer analysis done on daily and weekly I came to the conclusion that today the market will be bullish. It's just that it's a more complicated analysis and a difficult market to read. I will go bullish today. If something changes, I will make a new post to let you know.
CME_MINI:NQM2024 - PR High: 18204.25 - PR Low: 18180.75 - NZ Spread: 52.5 Key economic calendar events 10:30 | Crude Oil Inventories 13:00 | 10-Year Note Auction Prev session closed virtually flat - Holding inside prev session range - Near Monday's high - Potential daily pivot off 18300 zone - Another low vol session open Evening Stats (As of 12:25 AM) -...
Link to chart:https://www.tradingview.com/chart/vYaceW5a/?symbol=CME_MINI%3ANQ1%21 As noted from yesterday's post, 4HR supply above near 4/5POC held strong as resistance.. Looking for a push lower coming into 5/8. Bears target is the 5/7 VAH where the 1HR demand level sits and pivot However, with strong enough momentum a squeeze to 18144-130 looks good where...
TF: 6 Hr Price has made a nice correction of the recent impulse move down to ~$17,100. Price has recently been rejecting the 0.786 retracement of the move down. The 0.786 retracement also aligns with the POC of the impulse move down. Price could be setting up for a correction or price could also be setting up for another impulse move down, however, I think at...