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!
Trade Journal
NAS
NASDAQ TRADE IDEA + PPI%Hi everyone,
So here is my analysis for NASDAQ today - as we can see yesterday the CPI% was released and the stats were:Actual: Actual: 0.1% - Expected: 0.2% - Previous: 0.4% - natrually you would say stocks would have a positive reaction to this data, correct? Well indeed it did when the stats were released but it instantly reversed and market closed down lower than expected. I call this move a BULL TRAP - All though there was positive news, based off what the FED has to do to battle inflation as well as talks of a potential recession in the U.S.A. gave reasoning why investors would focus on shorting the market.
Same thing today for PPI - I expect a fake breakout up and then a reverse down taking stocks into last weeks range. Nice potential swing trade setup if we get into a good entry.
Be cautious today as there is a lot happening - apply proper risk management and don't see this opportunity as a winning lottery ticket, see it as an opportunity to compound on your current wins to grow into an even more profitable trader.
Bullish on weekly on NAS100200 EMA is the continuos support over the long period of time and it consolidate and again the 200 ema become the support and some consolidation phase.
NASDAQ - Catch This BIG Drop!Nasdaq is currently in its corrective phase. We can see that we've completed wave A and now we're in wave B.
Wave B has 3 waves (subwaves abc) and we're currently in subwave c which is an ending diagonal.
Trade idea:
- Watch for a break of the ending diagonal
- enter on break of diagonal with stops above price
- Targets: 10500, 8500, taper thereafter
Goodluck and as always, trade safe!
Weekly Outlook NAS100 Monday 27 MarchHere are some upside targets for you to study, please take note of the broker to match your chart.
Are you currently marrying an outlook that has not had the chance to form yet ..?
Here is an alternate perspective to consider maybe.
Note: Monday 27 March - low probability.
Good luck, may the Nasdaq forces be in your favour.
NASDAQ Next MovePair : US100 Nasdaq
Description :
Rising Wedge as an Correction in Short Time Frame and Rejection from the Upper Trend Line
Impulse Correction
Rejection From Daily Resistance Level
Divergence
Break of Structure
Completed " 12345 " Impulsive Wave and " abc " Corrective Wave
Double Top
USDJPY Fundamental Analysis | 03/23/23On Thursday, the Japanese stock market experienced a decline as the Nikkei 225 Index fell by 0.17% to close at 27,420 points, and the broader Topix Index dropped by 0.29% to 1,957 points. This reversal was due to Wall Street's negative trend, following the Federal Reserve's decision to raise interest rates by 25 basis points. The Fed Chair Jerome Powell indicated that there will not be any rate cuts this year, and if needed, rates may rise higher than expected. This decision affected financial stocks as Treasury Secretary Janet Yellen informed lawmakers that the US government was not planning to provide a "blanket insurance" for bank deposits. Moreover, Japanese manufacturers remained pessimistic for the third consecutive month in March due to concerns about slowing global growth, which could affect the country's export-heavy industries. As a result, financial, healthcare, and technology stocks experienced losses, with Mitsubishi UFJ (-1.4%), Takeda Pharmaceutical (-2.6%), and Keyence (-1.6%) being among the hardest hit. The Japanese yen strengthened to 131 per dollar, the highest in 5 weeks following the US Federal Reserve's rate hike decision. During the press conference, Fed Chair Powell explained that the pause in hiking rates was to address the banking crises. On the domestic front, the Bank of Japan's minutes from its January meeting indicated that members reiterated the need to maintain ultra-easy policies to achieve the 2% inflation target in a sustainable and stable manner. In this regard, the BOJ left its policy of ultra-low interest rates unchanged this month at Governor Haruhiko Kuroda's final policy meeting before his retirement. Looking ahead, Trading Economics global macro models and analysts expect the Japanese Stock Market Index to trade at 27,279.95 points by the end of this quarter and 24,842.68 in 12 months time. Additionally, the Japanese Yen is expected to trade at 137.83 by the end of this quarter and 146.74 in 12 months time.
Bar Pattern Rhymes History doesn't repeat, but it rhymes... I copied the bar pattern twice and pasted it for a general bearish plot. May see a relief bounce Friday, but I suspect more down follows next week.
Any large deviation would invalidate it. These fractals, & plots in general, tend to get less accurate the further out they run.
I didn't short based off of this alone, but fractal patterns are fun to watch and useful for noticing trend deviation.
NASDAQ UPDATEThis is an update of the previous analysis. The price reached the offer zone, never confirmed entry in 5m, and with the volume of 09:30 NY and the news of the Prelim UoM Consumer Sentiment. The price eliminated the zone, taking liquidity from it and then distributed below the low, breaking structural points. After breaking the zone I expected a confirmation in 5 m to take shorts but he never gave it. He left a valid zone of 30 minutes in which he can test before the market closes or in any case perhaps for next week.
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NASDAQIn nasdaq, the price eliminated a supply zone and reached another zone, therefore for my operation this is a prime setup. The price made a change in structure and I would be looking for shorts in this area, which is valid according to my plan.
I would expect confirmation in smaller Tf such as: 5m.
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NASDAQWhat I see in nasdaq is that after taking liquidity from the highs and distributing to the lows as I indicated in another projection, what I expected was a sale in that area of highs.
Now the price is in the shopping area, it is at the base of 4H, which was the cause of creating the highest High. It filled in the imbalance and started an accumulation which is what we are seeing. He gave a valid long in the London opening. Now what can happen is that the price continues to rise, or that the price goes down, cleaning Asia and London to test the base.
If he goes down to base and confirms, I'll take longs.
Although it can also calmly continue down.
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NAS100USD ShortThe price touched the lower trend line of the falling channel and I am convinced the price is building a bearish momentum.
My entry price is 11800, just lower than the current lower low, and I have used pullback strategy to place my entry position.
My stop loss is at 12000, just above the current resistance zone. I am targeting a 1:3 R:R , so I will place my target at 11800.
Remember, only risk 1 - 2% of your account!
NASDAQ Next Move Pair : US100 - NASDAQ
Description :
Bearish Channel as a Corrective Pattern in Long Time and A Breakout of the Upper Trend Line
Divergence
Break of Structure
Rejecting from the Demand Zone and Retracement Completed
Completed " 12345 " Impulsive Wave and Making its " A - wxyxz " Corrective Wave
SNP500 Bullish Short-Term Expectation Analysis This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes
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This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- Wyckoff
- Etc.
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.
Marlo's Going To Hell NQ 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