NQ filled it's Gap during Globex. Close for RTH @ 15611. Prior to Asia opening Price moved up to a Front Run of the Intra-Day 50% @ 15637.50 by 6 Ticks. ES YM RTY sell bias at present 21:10:22 PM EST. VIX, although dipping in 4 Ticks below 18.15 caught the Bid. It's going to be a long night for traders until this breaks, probably near 03:30:00 AM EST. It...
The stock indices all broke below the prior sessions lows to make new lows for the week. But I noticed a few signs that made me pick up some micros long (MES, MNQ, KYM, M2K) right before the 5pm EST close. Long MES 4385 Long M2K 2152 Long MYM 34822 Long MNQ 14827 $150 risk per position
The Chart illustrates both the potential Target for the QQQs high from a positive Draw as well as the convergence from the Negative draw. Where would this leave the NQ? 15,755 ~ Something to consider as the prior Squeeze ahead of the Algo's level for Sell Scale to Open began a 500 point vertical move @ 4:02PM EST. It created the largest Gap and Trap in...
An increasing level of concern is rising within the Bond, Equity and Real Estate Complexes or Markets. I prefer Complex as each "Market" has a number of entities using their control mechanisms. The Equity Complex has a number of headwinds approaching for Technology (NQ). Yields, specifically the 10Yr Treasury Note has been a reliable Instrument for an Inverse...
Just sharing this amazing tool Auto Fibonacci by our folks at TradingView. Target for the day on MNQ Nasdaq
You can see what the Nasdaq has been doing for the past few days - nothing. There is serious overhead resistance. Unless it breaks through the easiest path is a 61% retracement and fill the gaps below and try again. Again if the trendline get broken all bets are off. Nasdaq is better at filling gasps better the SPX.
Popped right into resistance pullback retest. Will get rejected and head lower.
They're just ramming it into supply zone now, the desperation of the move up is clear. 13,300 is a good short area, I think we get a 5 wave down from there to 11,800.
Shout out to @Nanda86 for this awesome Monthly, Weekly, Daily OHLC Indicator. Amazing gift to the TradingView Community!! See the Monthly Hi Support bounce overnight Globex on the Micro ES
looking at the market today looking at today sesion 13686 ! might be also a entry point for a short
All info is on the chart. Good luck
NASDAQ 100 is testing descending resistance coming from beginning of September. I expect a return from this area but I won't open a position at this point. You may follow confirmation and returns, carefully. 11820 can be first support level, 11520 can be second support level and if it breaks, I will follow ascending support line.
My trade ideas for MNQ. The price may not come to me, but I I have orders in place.
Price is beginning to show consolidation and range mentality. This could be a significant low reversal area in the bigger scope, but in the nearer term there is potential for a short push back. Normally, I would be looking for a move back to lows and potentially further but with the strength of the double bottom, I don't want to get caught getting stuck at the...
A 1 min video just to show the difference (or similarity) between the MNQ and MES using the same exact day/time, timeframe, and indicators.
The #MNQ1! has had a phenomenal wedge formation that broke higher. Now that prices are migrating towards the top of resistance, structural interest begins to take hold showing areas for sellers to potentially initiate new shorts to drive the market down. The daily is bullish, but the faster timeframes haven't shifted just yet suggesting this pop may be a trap for now.