These charts show how NDX cleans up unfinished business and the SPX is not. This is also true in /NQ Futures vs /ES/ - which makes it easier to trade as of late.
Personally I enjoy trading the NASDAQ more than the SPX or its derivatives. The NQ will let shorts out - added volatility creates bigger ranges for swing trading. What really matters is the NASDAQ is respecting Points of Control and Gaps more than the Spoos. The S & P still has three unfilled gaps from August the NDX has none! Todays price action was nothing...
Nasdaq Futures with lots of targets below got stopped dead - as the ES Futures hit yesterdays VPOC - this turned off the downward action. In the 15 Minute Bar the NQ lost 84 points - the move down was just as quick up, you couldn't hit the buy button fast enough to buy back shorts. NDX - Gap shown one of only two - unlike SPX which has four for the month of...
Chart is drawn with Renko bars. This is the fourth time price has moved outside the channel - only to fall roughly six percent. Impressive ramp right before the Jackson Hole Meeting. CME_MINI:NQ1!
There is a long term trend going back to April - this has been tested multiple times. As we continue to make highs on divergences we can have an expectation of where we might fall back to. The maximum percentage over the trend line was 11% - we are currently at 5%. Perhaps we'll get to that 8% this upcoming week - this could be good spot to short back to...
So big earnings beat, price is going to be complete the pullback and then major profit taking will ensue. That big pink line is the former resistance turned support of the multiyear megaphone pattern. Here is a zoom in of the 4 hr Here is a zoom in of the 12 hr (for clarity) Here is the weekly NQ megaphone. Here is the monthly NQ megaphone - note the...
Dollar suppression mechanism is no longer working to spur growth in equities. Asymptote reached, diminishing results in equity push on every DXY suppression. Note - I messed up the direction of the % gain on the NQ, just ignore the minus sign in front.
It's over, no more pumping can save this. Pink line is 3 year long megaphone.
Just your average 500 point daily range in the NQ. Ha! The NQ has been on a tear over the past few weeks, making shorting and identifying meaningful reversals challenging. Today, using a combination of RSI and ADX, our Extreme Turn was able to spot the combination of oversold conditions AND decreasing momentum thus producing the first sell signal on the 60m time...
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...
the market will try to go down to test the point 8054 again for the first step ... and it could go to 7890 for the second target target 1 : 8054 target 2 : 7890
Nasdaq is at 7900 again, around its key resistance