PRICE has been at this support since the push towards the upside from yesterday. The continuation will push to the upside.
1 hour chart can be unpredictable but as of now it looks like this pattern wants to validate. Of course market closing in 11 minutes will postpone it from happening before close most likely, and a retest if the neckline is always a good possibility. *not financial advice*
I expect the nasdasq this week will go a little higher to fill the FVG on 12925$-12658.25 and then the market will resume h'es drop down to take the liquidity below the last lower low 11921.50$. tell me your thoughts in the comment section Thank you
Week close on 12592* * Strong Bullish on Daily chart , bullish engulfing candles on weekly and under construction Hammer on Monthly. * A strong Trendline resistance coming up on 12600 along with RSI at 48. very crucial to break above 12650 and sustain to maintain bullish stand. with RSI, Volume and Trendline resistance Fridays move looks like an Bull Trap. Mondays...
SMA 180 Weekly is the crucial support for the NDX. On the positive side if bulls manage to save the last frontier of 11539 -11031 range we can see the bull market like previous multiple instances but if we get a close below 11500. on weekly chart we will witness a freefall. 2001 (-64%) and 2008 (-41%)
The NQ has bounce back from the lows with a good price action and with a reducing volumes its human psychology which has more of weightage of emotions of recent past "once bitten Twice shy". We need to remember this is a bear market and in near to bottoms there is always chaos. so trade with the strict stoploss and time to reduce the position size. let the...
All the technicals point to MNQ continuing to drop until at least November. Look at the 100MA and the obvious downtrend line.
Chart Highlighting NQ downtrend, and Trendline Tests CME_MINI:NQ1!
With crypto markets being hyped up claiming the bottom is in, the US tech market tells another story. First we have been under the 100ma on MNQ on the daily for 200 days which is a very significant period of time compared to NASDAQ's complete history from day 1. Step back and think about this also, Joe Biden is the president and the democrats have proved to...
We could easily flush through the yellow circle if we don't hold 11000s
I expect the price to rise due to the clear decrease in the sellers in the MACD indicator
The market makers were in clear control of the news stop hunting both buyers and sellers within the same hour. After a long legged doji with ultra high volume printed, a huge Bearish Kangaroo Tail prints with high volume. The next few candles were confirming further weakness at the top with narrow spread candles and a baby Bearish Kangaroo Tail with volumes...
Bulls have had a nice and surprising push after fomc to the upside this week. Will be watching if price respects the DT line and will consider this an uptrend day in a bear market instead of an official uptrend reversal period until DT line is broken and value created above. I like longs above 500 as there is plenty of space for bulls to prop this up above there...
big ol sell off in the nasdaq this month finally down to the 200 dma small bounce could this be a nice bear market rally ?
Simple, we like to see price drop for us to add to our long positions Use our analysis as a sentiment Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the...
In tonight's fall back, daylight savings edition of the Futures Outlook, I revisit briefly a trend trading futures strategy I've named the 5-Thirty-Four. The ingredients are a 5 minute candle and a 34p EMA. Add a dash of VWAP bands and you've got everything you need. Then I look at the ES channel that's been in place for the past month that gives us a potential...
Technical Overview: - MNQ We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :) Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that. Wait for dips if they happen don't chase the market :) Analysis is only 1...
Technical Overview: - MNQ We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :) Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that. Wait for dips if they happen don't chase the market :) Analysis is only 1...