The NASDAQ is Approaching a Selling OpportunityCurrently, the NASDAQ is showing a strong uptrend on the daily chart, but the gap between the 3-day and 5-day moving averages has significantly widened. Even if the market opens with a gap up today, a pullback is likely due to this divergence, so chasing buys is not recommended.
For selling at the top, consider these levels: 21940, 22040, and 22110. Especially near 22040, the resistance zone aligns with the upper Bollinger Band, making it a favorable level for selling.
Following President Trump’s announcement of expanded AI infrastructure investments, AI-related stocks like NVIDIA have surged. However, it’s unlikely that the rally will continue significantly from this point. Additionally, the NASDAQ has already triggered a sell signal on the 30-minute chart, and this could cascade into sell signals on the 60-minute, 120-minute, and 240-minute charts. Be cautious about chasing long positions.
For dip-buying opportunities, 21770, a previous resistance level, may serve as a good entry point if the market pulls back. Should the price drop to the 5-day moving average, 21630 would offer an even better buying opportunity.
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Emininasdaq100
NASDAQ, all sell signals are about to alignThe Nasdaq is currently showing sell signals on the 60-minute, 120-minute, and 240-minute charts, indicating a high possibility of further decline. If a bearish candle forms on the 240-minute chart as well, the sell signal will be confirmed, making additional price drops inevitable. The direction of the candles is expected to be determined in about 2 hours, and if the price falls, there could be a strong downward shockwave breaking below 21,500, so caution is advised.
On the daily chart, the price is still supported by the 5-day moving average, so it may temporarily appear to rise. However, a clear buy signal has not yet appeared, and the price is likely to test the lower support level around 21,000, potentially forming a double bottom. Aggressive chasing of a buy position is not recommended at this point; it would be more advantageous to sell at the highs. The key support level for buying is projected to be 21,570. If this level is breached, buying from the lower range would be the most favorable strategy.
It is unlikely that a significant upward surge in buying will occur today, so it is better to focus on selling during any price increases.
Intraday Levels for Nasdaq 100 Futures - 12/13/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Nas1oo BullishLooking for a sell setup in that red area just above where price is currently at. I want to see Tuesday create the low of the week, Tuesday or Wednesday Then get that expansion to take out short term high. The Long I will look to take below Monday's Lows... in that bit of imbalance just above 50% of the weekly range. I am assuming that the current weekly range we are trading in as of now will not hold and the agenda is to take buyside stops before running lower for the market crash.
Day RangeI am new to TA, trying to estimate the price range for the next one day or two.
disclaim: my idea can be totally wrong.
--- Jul 18th ---
emininasdaq100: high 12200, low 11820 (11960)
TNA: high 36, low 33 (34)
If it is more likely to touch the high, the low can be estimated too low based on regular day range, 11960 may be more reasonable?
NQ1! (E-MINI NASDAQ 100) Trading Signals Daily Analysisafter a study based on the chart in front of you, I assume that the price of NQ1 will continue its downtrend until the horizontal resistance of 12376.25 USD, and if the chart breaks this resistance it is that the price will continue again the downtrend is the red field that I drew for you, as I drew you a second horizontal resistance at 14428.75 USD, that if the chart breaks the oblique resistance within a week, it means that this is the beginning of an uptrend which will continue to the horizontal resistance of 14428.75 USD, this is the green space that I have drawn for you on the chart.
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E-Mini SP 500 Futures Weekly Chart Gann PredictionlevelCME_MINI:ES1! near the convergence of multiple Gann Support Levels 4345, 4335, and 4315 indicating a possible bottom this week from which we can start to move towards Gann Resistance Levels 4403, 4415, and 4460.
CME_MINI:ES1! closing above 4460 this week would indicate continuation of the uptrend towards 4460, 4480, and 4560 Gann Resistance Levels next week.
Good Luck!
NQ - Nasdaq 100 buy support zones analysisHello traders,
Description of the analysis:
Nasdaq 100 e-mini futures ( NQ ) support zones where it makes sense to time long positions. A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
NQ - Nasdaq100 e-mini futures buy zones (MNQ valid)Hello traders,
Description of the analysis:
M30 strong s/r zones. Currently NQ in the all time high area, where the probability of rejection and decline is increased. Sentiment will show. Support zones ideal for timing short-term long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan. Analysis is also valid for e-micro MNQ futures.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund ($4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
NQ1! 1D BEAR FLAG SHORT TRADEBear Flags are a form of a Range Pattern and Bear Flags are repeatable trading chart patterns.
Bear Flag chart patterns will have a directional bias depending on the previous incoming trend (Short trade).
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of the average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.