The NASDAQ 100 index is currently indicating a sell zone with its value at 17988.00 Traders may consider taking profit at various levels, such as 17,872.42, 17,700.00, and 17,601.18, as these points represent potential profit-taking opportunities. Additionally, it's prudent to set a stop loss at 18,861.78 to mitigate potential losses in case the market moves...
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...
Narrative: Price is currently in an uptrend,
price seems to have taken out sell side liquidity
(EL). After price takes out sell side liquidity(SSL) price
retraces and takes out internal liquidity & is now
expanding to the upside to take out buy side liquidity.
Similar to ES, there's as chance the bullish trend will continue towards the daily bearish order block but price is stuck between two HTF price zones which makes my judgement 50/50.
Therefore I will sit on my hands and wait for more data to print.
I see the Nasdaq futures taking a pull back through the month of May down to bounce off the highs from 2022 (~16500). I think this will happen as the dollar increases due to the EU Bank cutting interest rates or at least hinting at cutting rates later this week before the US Fed does. CME_MINI:NQ1! NASDAQ:QQQ
Bearish on NQ. PDAs as identified. Trying not to spend too much time predicting the narrative at the beginning of the week, however price is likely to interact with these zones.
On the daily chart it can be seen that the market is bullish today. After taking the sellstop and accumulating strength, the market will make a brake in the market structure and we will look for a buy until the tp is close to the high of the day.
Hello,Friends!
NQ1! is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of...
Hello ! Here is my setup for the next week on Nasdaq. Main trend is very bullish, but as you can see, there is a bearish short trend. Also, this flag is a continuous trend pattern, that's mean I'm more waiting for a bearish move. So first signal we have is this RSI print, next signal for enter in a short is a rejection of the price on this level (2 TP). If he...
Here are my levels for the week. I have been really busy outside trading so I have not been able to post many updates. I continue to trade these levels a few hours every morning. Treat the levels as as support, resistance or targets.
The market is currently trading in a large consolidation pattern with large daily ranges. The levels noted are the one are I feel...
Trade Plan NQ Futures: week starting May 5th, 2024
Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets:
Weekly Pivot: 17847 Current Price: 18000
Upside Targets:
First Target: 18090
Second Target: 18348
Third Target: 18605
Downside Targets:
First...
