NAS Outlook 7/10Bearish on NAS overall, had wanted price to trade deeper into the monthly FVG, but working under the impression that we have begun the leg down until something convinces me otherwise.
I like the daily rejection block as an area to begin to look for aggressive sells. Will be watching price as always for potential entries.
NAS
NASI have my eye on this area at the moment one of two things could happen
1. we could go up higher and grab liquidity and or see price go lower to target equal lows resting below and see if price will continue to fill gaps below.
2. we could see price continue rising above and leaving gaps open with resting SSL below and target previous highs at around 14645 and or 15300.
lets see what price gives us over night and look forward to Friday morning with high impact news on the morning.
3 red high impact folders
NAS 5/31Today Bias was bearish after tapping into the areas noted in last idea.
Started the day marking 00:00 overall open and noticed price slowly began to drop and this time I waited for 7:30 and then created a sell opportunity with a FVG and big displacement. However we still had equities to open and I entered when 9:30 opened ant tapped the gap and marked another zone I felt could tap for a liquidity grab above the daily open. tapped in and entered again.
after that set SL to previous high and TP to EQ lows at 14288 and over all target at 14257 next SSL.
taking partials as it was going down.
Target reached
NAS - what do you see, what do you see, look into my eyes.....Nas seems an easy trade hereabouts.
Trump is all over it. " If you want a gas stove you can have it. " You can have anything you want I dont care. Personally I would never cook on electric again. So I could never vote for a party that would make it illegal, lol.
Gold got rekt. Legacy probably 17% cheaper soon. Rotation into commodities like copper, lithium etc is pumping hugely. Were at stage 3, Topping now, for sure.
Alot of People are about to get Rekt, completely. And a smaller few are about to get the biggest windfall of their generation.
Every Trader and Parent will tell you that there is no better feeling in the world than getting as much as you can possibly afford, for as little as possible.
Nasdaq Daily long term outlookLong term buy till we reach the all time high, then we expect a turn around, this might take a few months to play out
NASDAQ Futures NQM: Bullish Rally Encounters Potential ReversalToday's market action on NASDAQ Futures (NQM) provided quite a spectacle, as we witnessed an impressive pump that led to a new Higher High at 13683. With limited levels of resistance left in the upper echelons at 13817 and 13995, it appears we're running out of targets on the upside. Additionally, the VIX index is down, pointing to a relatively calm market environment.
However, it's crucial to note the emergence of several potential reversal signals. While the market has been propelling upwards, the MACD recently crossed below the signal line, displaying a bearish divergence as it forms a downtrend. This bearish divergence could potentially be signaling a weakening of the bullish momentum.
Moreover, the STOCHRSI reached a high of 97 before starting to turn around earlier today (5/18/23) at 7:30 and continuing downwards at the market open. This, too, could be signaling a possible cooling down of the overheated bullish trend.
In the scenario of a downturn, the key support levels to watch are 13610, 14554, 13505, and 13475.
Given these observations, today's trading strategy should be approached with caution. Although the bullish trend remains dominant, the emerging bearish signals suggest potential for a reversal. Therefore, vigilant monitoring of these critical technical indicators and support levels will be crucial.
In conclusion, although the NASDAQ Futures NQM continues to push higher, we are now observing significant signs of potential bearish divergence. This calls for heightened attention and careful navigation of trading strategies. As always, keep a close watch on market trends and adjust your strategy as necessary.
This analysis was also posted to my Blog!
-The Latin Trader
NAS100Nas gave us a great entry on Friday I did not take the trade but was looking at GU also and was another great opportunity.
I will post if possible on notes for future reference on my methodology.
Moving on to Monday of this week we will be focusing on 4 major things
1. Break of Structure
2. Did BOS leave a FVG
3. Retrace
4. Entry 1:1
during these uncertain market conditions there may be more fake outs so damage risk properly.
Bias : Neutral, until I see major break to the down to the daily SSL or BSL above on candle.
see you at 6 am .
NASDAQ for possible shortAfter price broke an hourly structure impulsively, it was a sign that price possibly shifted bearish on the inner trend to target the imbalance deeper below before pushing further up. This provides us an opportunity to enter on sells in the retracement before the real move up.
Nasdaq Analysis Hello,
Since my last analysis, I have been closely monitoring the market and wanted to provide you with an update. Despite some fluctuations, we have yet to witness a significant shift in the market. While we did experience a push out from the wedge, we have remained within the confines of the consolidation box.
However, I must emphasise that the current build-up of market is quite intense, and I anticipate that we will experience some substantial movements very soon. If you have not already done so, I recommend reviewing my previous analysis for a comprehensive understanding of my projections for the market's future direction and what levels to watch out for.
NASlooking at NAS and just took liquidity above current price on Friday. Now that BSL has been taken we may be looking at price go lower from here depending on opening of NY session. I do see some gaps below and above as well but we are currently in a bullish market in the weekly time frame and this may just be a retrace to continue up again we weren't looking for a large swing just a simple scalp in the market in the new macro times im learning.
Gaps- above and below
W- Bullish
D- Bullish
HR- Bearish
watch price print till 8:30
Nasdaq 4Hr TF AnalysisHello,
My previous post I analysed the weekly timeframe and I mentioned how the market has been consolidating and now on the 4 hour chart you can see the build up of the consolidation. We can see we are getting closer and closer for this break. We have had few fake breakouts, which we want to avoid getting caught in.
I would wait for a break of 131200 area or 12840 area to decide to get a safer entry weather you go buy or sell short term.
NQ - Interesting area!NQ - Interesting area! CME_MINI:NQ1! GLOBALPRIME:NAS100
Another key resistance area
Highs: 13248.75
Lows:12957.00
Currently we are still within the ranges even though we've had CPI print we did escalate higher, but couldn't go above key resistance of: 13230 areas we could need break higher above that resistance to go towards levels of 13347.00. However, if we are to break below the lows I expect 12800 areas to be key support that could be reached!
Pay attention!
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