Nasdaq 100 has entered into a down channel. If support is going to hold and the buyers to take control. Now is the time. Otherwise the research shows a potential 3,000 tick bear push towards a daily down extension.
The NQ daily time frame has created a small sideways range. If the market can hold at support, now is the time for the buyers to bring the market back up... If support fails. The market could push deeper bearish and will need to bring in a daily down fib to find the next potential low price.
As long as NQ stays above the top blue line. Long term I am expecting a bullish push towards 16,000.00. Any bear move I am viewing as a short term move. That is... as long as the market stays above the top blue line.
NQ daily time frame is finding support at the daily up trend line. There seems to be a fight going on and if the buyers take control.... There could be a +4,000 Tick rally. I am keeping my eye on the one hour time frame to see if a bullish trend in the buy zone can form.
NQ one hour time frame hit the daily up trend line. Just waiting for the market to enter into the buy zone and to give a counter trend line break bullish. I am not expecting all time highs but more of a sideways movement. If the market runs sideways, Ill be looking for +1,000 tick pushes and lots of waves on the way up.
The RTY daily time frame is now hitting the inner up trend line. If support holds I am expecting the market to push bullish and break above the 2019 resistance level. I plan on looking for counter trend line breaks bullish in the buy zone starting Monday.
NQ daily time frame pulled back bearish after hitting the monthly up fib extension. The futures edge members were aware of this potential bear move on Tuesday and Wednesday before the pull back Thursday. If the market holds on the inner support I am expecting a +2,000 tick bullish push. I am expecting sideways movement to form this month. So if the market U-turns...
The NQ one hour time frame is in an up trend.
The market is making higher highs and higher
lows. There is an up fib with an extension price
point 11857.00 about +900 ticks away.,
Entry: Counter trend line break bullish at
a known level of U-turn in the buy zone.
STOP: -30 ticks below the last low of U-turn
after the entry is given.
It will be...
The GC daily time frame was in an up channel.
The market broke above the up channel and is
now finding support at the back side of the old
up channel. There is an up fib with an extension
price point 2406.4 about +4,500 ticks away.
As long as the market stays in the buy zone.
I plan on turning to the one hour time frame and
looking for the market to enter into the...
NQ daily time frame broke the counter trend line bullish. A good idea is to turn to the one hour time frame and to look for counter trend line breaks bullish towards the daily target. There is a lot of risk in ticks for the daily position trade, but when you look at a smaller time frame for entry, you can usually shave off some risk. As long as the market stays in...