Be caution this is not a trading signal .
MNQ is still weak on the daily chart , today after the Federal Funds Rate News has a big move but the News wasn't strong enough and foggy pic on the USD and created a fake movement and potentially has dropped down to the downside trend, based on my Strategy there will be more downside movement but that comes after...
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
Since price didn't close above the mid-point of the consolidation zone & an 8H inverted hammer formed at market close, I am looking for price to run bearish at market open and then continue back bullish at some point.
Personally I'm not looking for full sells OR actual bearish structure until around 17476 where the current lows in price are at.
**This is for...
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✅
The March CPI was reported at 3.5%, higher than expected on April 10. This development triggered a sharp decline in the stock market, with a total drop of 8.5% from the recent high.
Could this downward movement signal the onset of a major bear market, or is this sell-off simply a retracement, setting the stage for the bull market to resume?
We will explore this...
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...
Oddly, we got the dump with no pump today. MFI is oversold but RSI is not. ES and RTY are not oversold on any indicator.
On top of that, my favorite stock, PCAR, took a complete crap on earnings, lol. Gonna wait until tomorrow for a long position.
Made a little money with puts today, but I'm just playing with small positions. More room for downside, but...
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.
CME_MINI:NQM2024
- PR High: 17920.00
- PR Low: 17904.50
- NZ Spread: 34.5
Key economic calendar events
09:45 | Chicago PMI
10:00 | CB Consumer Confidence
Last day of the month, 1 day ahead of FOMC
- Prev session closed virtually flat
- Fading from prev highs after a low vol session open
- Above half-back of prev session range
Evening Stats (As of 12:35...
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...
In fundamental analysis, we observe a market surge following a liquidity uptake beyond the all-time high, marking a new peak in NQ. However, inflation rates indicate that the Federal Reserve is hesitant to reduce interest rates. Even with a 5% interest rate, inflation is on the rise again. This suggests that the Fed may abandon the idea of lowering interest rates...
