Marlo's Going To Hell NQ Swing Strategy I know it's so simple you can't believe it! Is it magic? Is the Devil running the Stock Market!?!
Nope, what you're seeing is the all-pervasive 50% Principle in action!
www.investopedia.com
"It states that if an asset drops after a price increase, it will lose between 50% and 67% of recent price gains before rebounding. "
So over any given range, the retrace will test the thirds for support and resistance. NQ counts in the thousands so xx666.00! You'll see similar across smaller TFs and ranges as well using 33.34% and 66.67% retraces.
Mnq
NQ Reverts Off 618 Support ($11,6389)If you are short, stay very cautious.
This base/bottom in the NQ may be the start of a breakout rally phase after months of consolidation below a strong downward sloping trend line.
Far too many people are failing to understand the market dynamics at play right now. Shorts are getting slaughtered as the reversion/reflation trade is happening.
Follow my research. This is just getting started.
MNQ struggling to break resistance. Launchpad setting upIf you trade the MICROS, like me, then you'll want to be cautiously aware of a key Flag/APEX pattern setting up in the MNQ.
Any breakout above the PURPLE resistance channel may prompt a strong upside price rally after February 12th or so.
Pay attention to the volatility over the next 10+ days as the ES/NQ/YM are likely to struggle and become wildly volatile as price attempts to break free of the downward trend channels.
If you have not been following my research, please check out my other TradingView posts and other resources.
The next 5+ years are going to be very surprising for traders/investors.
Get ready for a Wave-5 rally.
NQ/MNQ Futures Reaction AreasOn this chart are the reaction areas for the NQ, MNQ, NDX at least for the first part of the week.
I wanted to release this before the Sunday open because it might help for the overnight session.
All levels or areas have short descriptions.
I published this on a 30m chart (structure) because it really provides a good mix between my standard intraday (5m) timeframe and the 60m golden timeframe.
What is clear here is the zone between 12,000 - 12,9000 doesn't provide many high-probability reaction areas.
As usual, the focus for the week should be momentum and how well that is being held up, especially given the close on Friday. It was clear the market wanted to recapture the weekly open and it did just that.
Any downward move has to find support at some key reaction zone; otherwise, sentiment will shift against a continued upside move.
11,100 or so, really that key battle zone. If the price gets here and how it reacts will be key. Watching how the 60m momentum and bias hold LONG will be key going into the first few days of this trading week.
As far as known news events, Thursday is the big day. So as the week develops, plotting where Thursday wants to test and close will be key. I'll update this idea as we go along this week.
Nasdaq micro futures attempting a 1hr chart double bottom?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*
Weekly Analysis 10th Sept 2022 - Nasdaq 100 #NQ #MNQ 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 close will dictate the further course of action.
Outlook for next week neutral. Monday will dictate the direction for the week.
Silver Lining for the previous week. appl: Bullish divergence and Tsla closed above 200DMA.
Outlook for monthly Neutral to Bearish.
S1: 12600 S2: 17250 S3: 16950
R1: 12300 R2: 12000 R3: 11900
A big short squeeze expected if we get daily close above 12800.
NDX on do or die levels
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%)
once bitten Twice shy NQ analysis 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 price and volume dictate the future action plan.
trade safe " Money not invested in turbulent market is Money earned"
MNQ touches 100ma with daily hanging man candleWith 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 continue to create a bigger bear market with US politics. This is a healthy correction that is needed before the next bull run starts.
If you are smart you will continue looking for shorts even if your bias is fully bullish right now, find some low risk entries on shorts this week because if we bounce off the 100ma, it's going to be a pure dump.
In my analysis I would like to see a price target of 12,000 hit this week.
MNQ Volume Price Analysis After Feds Raised Rates | 1hr + KT'sThe 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 getting lower. After volume dried up, it was clear that buyer momentum was done and the distribution phase was coming.
NQ/MNQ Breakout or Breakdown?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 and short below 340, however, closed the day in key supply zone. Currently also sitting at 61% fib and will see if it can create value above 61% and push to 50% or reject below 61% going into next week. No bias, following the price/momentum and playing what the market gives us going into next week. With fomc, recent geo-political events and simply no news for this run-up, next week will should bring more volatility as well.
NAS100 - small Time Frame Buy Pressure Zone 😊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 right time.
Flow with the Devil 😈
Trade with the manipulation👾
STAY UPDATED BELOW!
Five Minutes On A 5m Futures Strategy (5 Thirty-Four)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 extension this week to 4740.
Be sure to check the links below the idea for how you can learn the 5-34 strategy in a risk-free demo/paper account in the live stream TDG ProTrading Room.
Stay Green and Trade Like You Mean It!
NAS100 - can we see a fall? Buy Pressure Zone 😊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 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 right time.
NAS100 - small Time-Frame Buy Pressure Zone 😊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 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 right time.
NQ - Micro TFNQ 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 remains a hot mess of a market, desperate attempts were made today to keep the range
within 100 and they did.
BUT - watching 1,000 ES Contracts fly by on the SELL during the closing minutes... not healthy.
See if they can cross the 537.50 level this evening... 526s are now open for Business.