us100 good short signal hi
dear traders wait just confirmation after this nice shrt squeeze candle 90% it will reverse down at least toward 21280
be carefull and good luck
NQ
SPY/QQQ Plan Your Trade For 1-17-25 : Gap Up Higher PatternToday's pattern is a Gap Up Higher in Counter Trend mode.
I believe this pattern would have resulted in a Gap Down Lower price trend related to the counter-trend setup. But it looks like the foreign markets drove the SPY/QQQ higher.
The obvious disruption to the SPY Cycle Patterns recently has come from the post-election concerns and the expectations of a broader credit/debt market crisis (which seems to be subsiding).
I believe we have to get past the Inauguration before we'll be able to see if the markets attempt to establish any defined price trend or continue to trade in a sideways price mode.
Gold and Silver are struggling to muscle higher - which I believe is the likely outcome for metals.
BTCUSD has moved back above $100k - but may struggle above the downward-sloping price channel.
Overall, at this point, I would suggest traders pull profits on any trades they have open as we move into the new Trump Administration and a slew of new EOs and new policies that may disrupt the markets.
We are very likely going to see some new price volatility over the next 30+ days.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 1-16 : Momentum Rally PatternToday's pattern suggests the markets will continue a rally phase - trending on the momentum from yesterday. It is likely the SPY/QQQ will attempt to rally and break away from the downward-sloping price channel I show on my charts.
Remember, my broader cycle pattern research suggests the SPY/QQQ will attempt to rally into Jan 20-23, then peak and roll downward/sideways into a Feb 9-10 V-Bottom pattern.
As I highlight in this video, the markets appear to be moving into a consolidation phase within the current downward-sloping price channel. I'm watching to see if the new Trump administration brings a BUMP (like last time) that breaks the US markets away from this consolidation trend.
Remember, the data on the US economy and earnings continues to be strong. A Trump-Bump will likely happen again, pushing the US markets into even greater dominance as the 900-lb Gorilla compared to other global economies.
However, until global central banks can move their economies to become more independent of US economic demand and imports, the process of working through the excesses of the COVID/Spending-spree administration (Biden) will continue as long as wealth in the US goes unchallenged (by some crisis or economic event).
So, again, expect the 900lb Gorilla to continue to dominate while there is no major crisis event in the future.
Gold and Silver should rally today on a RALLY pattern as well.
I believe BTCUSD is struggling to find support and may move downward over the next 10+ days.
We'll see what happens.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NQ LongEntry Point: Price is reaching the 0.618 Fibonacci retracement level, with the potential to buy near 20,865.75.
Stop Loss: Set just below the 0.79 Fibonacci level, around 20,690.00.
Take Profit: Targeting a move towards the 0.0 Fibonacci extension around 21,371.25 (blue rectangle area).
Analysis:
The market has experienced a retracement, reaching the 0.618 Fibonacci level. This could act as a support zone for a possible upward move.
The price action suggests a strong potential for a rebound as it aligns with a previous high.
This trade setup offers a favorable risk-to-reward ratio, with the potential for significant upside towards the 0.0 Fibonacci extension.
SPY/QQQ Plan Your Trade 1-15 Followup: Rally Into Jan 20-23This video was started to highlight the incredible predictive capabilities of my SPY Cycle Patterns and longer-term Cycle Research.
It seems almost impossible to be able to somewhat accurately predict future price moves - but I'm able to do it with moderate success - sometimes months and years into the future.
What does that mean to you - well, it should mean you want to pay attention to my research/videos and learn how to take advantage of my continued research.
This video highlights why the Doom-sayers are wrong. The markets will continue to trend upward until the 2030-2033 peak. That's when traders need to be prepared for a broad market downtrend.
But, it sure is fun getting emails and announcements from all the people that are now calling for a "great reset" to take place.
It may happen in certain countries, but this is a market of economies - not a single economic market. What happens in some countries does not always happen to all countries.
As the old saying goes - this is a market of stocks, not a stock market.
Get ready - the next 5+ years should be full of incredible opportunities for skilled traders.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
US100 can go up hi
if US100 breaks up it higher price for today it will go up just keep eyes on these critical levels on my chart
goo luck
SPY/QQQ Plan Your Trade For 1-15 : Inside BreakawayToday is going to be a very interesting day.
Mortgage data came in very strong, while CPI data came in moderately weaker. That is setting up a very strong GAP RALLY phase in the markets.
Shorts are going to get SQUEEZED HARD this morning, and I suspect we may see a carry-through rally lasting most of the day.
Be cautious of a pullback after the big GAP opening (higher) this morning.
Gold and Silver are attempting to move higher - which is perfect if the US Dollar weakens moderately. Overall, Gold and Silver are attempting to hedge risk factors into 2025.
Bitcoin will likely run into resistance just below $100k and attempt to fall downward again.
This is a very exciting week because it appears the markets are shaking off the debt/credit/yields concerns and moving back to normal.
Remember, where else will investors place their capital for Growth and Returns - other than the US? As I see it, the US markets are still the 900lb Gorilla in the global markets simply because of the ability of the US economy to rebound and recover much quicker than other foreign economies.
Get some.
BIG SHORT SQUEEZE this morning.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
MNQ Continued Bearish Bias OutlookMy directional Bias for MNQ remains Bearish with the expectation on price to trade lower into the D BISI and take the SSL from the double bottom around 20640.00 I also like how price wicked the CE level of the D BISI that could indicate lower prices since price cant even make it through the inefficiencies 50% CE level. Now price may not make the move lower all the way and could just trade as low as the D Discount Wick 50% level which is also conveniently placed in CP to the D BISI CE level as well but lets see what price gives us.
SPY/QQQ Plan Your Trade For 1-14 : Harami/Inside PatternToday's pattern suggests the markets will stay somewhat flat/sideways related to building a base.
Yesterday, 1-13, my broad cycle patterns suggested the markets would establish a "base" - leading to a "peak" on 1-18 and a major top on 1-20. Because of this, I believe the markets will attempt to melt upward into a peaking pattern (with the SPY possibly reach 595-598) before stalling out ahead of the Inauguration event.
Gold and Silver may follow this trend after stalling a bit today. Overall, I believe Gold & Silver will move upward attempting to hedge against global risk factors playing out over the next 30+ days.
Bitcoin rejected the breakdown move yesterday - setting up another attempt at a THIRD sideways FLAG formation in an EPP pattern. This is very unusual - but given what the markets have been doing over the past 30 days - it is what it is.
More than likely, we'll see Bitcoin rally a bit higher (near $100k), then stall again and attempt another breakdown event.
Yesterday's new low suggests a breakdown is likely.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 1-13-25 : Inside BreakawayToday's video highlights some of the deeper, more detailed research I do behind the scenes for all of you.
My SPY Cycle Patterns are just one part of what I attempt to develop to identify opportunities and to help guide all of you toward success.
And, trust me, creating and reviewing all of this data, creating all this content, and staying ahead of the markets is not an easy task. It takes insight, knowledge, and experience to be able to try to read these charts, plan for what the markets are likely to attempt to do in the future, and try to convey that information to you in a concise format.
You'll see my suggestion the markets will attempt to establish a new low early this week, then REJECT and move higher into the Inauguration.
I know it seems counter-intuitive to suggest the markets are breaking downward while telling you to expect a REJECTION and a brief move higher - but price moves in waves - not in a straight line.
Gold and Silver are pulling down as the initial selling pressure drives a bit of a panic in metals. This downward move should end with a strong rally where Gold attempts to move above $2800.
Bitcoin, on the other hand, is the hard asset I believe will see the bigger decline - possibly targeting the $72-74k level before the end of February.
I believe the Excess Phase Peak pattern is confirming the move down to consolidation right now, and that low (possibly near $72-74k) will act as temporary support before a much deeper low is set.
Remember, we are just getting started into 2025. so we have lots of time to try to manage and trade our accounts into profits.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Nasdaq under pressure and aims for 18'400NQ is being pushed down, and a rebound doesn’t seem possible at the moment.
There are some fundamental factors supporting this weakness. However, as a chart analyst, I focus on the signals within the chart itself.
What I see is a possible target around 18,400, which aligns with the L-MLH.
With the weakness of the MAG7, the Nasdaq is unlikely to make further gains. The options are sideways or down. The latter is what I trade according to the rulebook.
NQ Technical chartNQ Analysis
Examining the overall 4-hour trend, we observe a pattern in the downward and upward price movements:
Downward Move (AB): From 22,428.75 to 21,016.75.
Retracement (BC): The upward retracement of BC was exactly 78.6% of the total downward move (AB). Price action moved up to this level before rejecting.
Similarly:
After rejecting at 22,118.75, the price dropped to retest at 20,983.75.
This resulted in another upward retracement (DE) to 21,872.75, which again represented 78.6% of the previous downward move (CD).
On Friday, the lowest tick on NQ was recorded at 20,874.75.
If we apply Fibonacci to the most recent downward move:
The 78.6% retracement level is at 21,674.00, marking a potential area of interest above.
Below, the open areas of interest are:
78.6% retracement at 20,803.50
88.6% retracement at 20,605.75
This highlights key zones for potential price action and reaction points moving forward.
Monday NQ Price Action Prediction Key Levels to Watch:
Support:
20,803.50 (78.6% retracement): Critical support zone.
20,605.75 (88.6% retracement): Deeper support if the lower level is breached.
Resistance:
21,674.00 (78.6% upward retracement): Key resistance zone.
21,872.75: Previous swing high and secondary resistance.
Predicted Scenarios:
Bullish:
A bounce from 20,803.50 could lead to a rally toward 21,674.00.
Breaking above 21,674.00 may push prices to 21,872.75.
Bearish:
Breaking below 20,803.50 could trigger a drop to 20,605.75.
Rejection at 21,674.00 may signal continued downside toward support levels.
SPY/QQQ Plan Your Trade 1-9-25 : Behind The Scenes ResearchMany of you are following my research and Plan Your Trade videos - watching my SPY Cycle Patterns play out as the markets trade through various phases/trends.
What you do not see is the extended research and predictive modeling that go into my deeper research, which aims to help traders.
The SPY Cycle Patterns are just one part of my extensive coded solutions related to cycles/trends/phases and other market conditions. Every week, I review and research dozens of market conditions, attempting to determine the current phase, setup, and conditions related to the market and what to expect in the near future.
That is why, in many cases, I will be ahead of the trends by 2 to 5+ weeks.
You may wonder why I'm able to draw future expected price action often so accurately. This is because of my extended market research (done behind the scenes). My work is not only about the SPY Cycle Patterns - it includes many other more detailed market analyses related to key fundamentals and cycle/phase market trends/setups.
In this video, I try to share some of the extended work I do to help traders so you can better understand how all of my research/work ties together to deliver the best information I can.
In my opinion, trading is about what is likely to happen now, and attempting to identify what is likely to happen in the near future - so we can prepare and trade efficiently through any market trend.
As we take a day off to remember President Carter, I thought you might be interested to see what I actually do every day/week in terms of research and software development trying to help you learn to become a better trader.
Stay safe & get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
SPY/QQQ Plan Your Trade For 1-8-25: RALLY patternPlease take a few minutes to watch this entire video.
I spent quite a bit of time trying to explain to all of my followers why the markets are struggling to find a trend and why the volatility has been so excessive over the past 3+ months.
Simply put, the markets are trying to reprice a Trump Economy (changing from a Biden economy).
In my opinion, the new Trump economy will still be decent/good - but there will be changes and the US Fed is still trying to borrow based on past data - which traders no longer believe is going to be valid reflecting future US economic/policy actions.
Thus, yields are rising as investors demand MORE PROTECTION against unknowns.
And, THAT is one of the primary reasons why the US Dollar and Yields are really driving most of this market volatility.
Again, simply put, investors/traders are unsure of what the future US/global economy looks like (specifically with Trump suggesting he is going to "streamline" the US government/agencies, and fix the US BLOAT). To many people, that is a big unknown.
I do believe today's Rally phase in the SPY/QQQ, as well as the Rally phase in Gold, will resolve to the upside. Yesterday's move was, IMO, another "washout low".
We'll see how things play out today and see IF we get a RALLY move in the markets.
Bitcoin rolled downward right at the dual Flag levels - just as I suggested. Now we'll see Bitcoin roll back towards recent lows - trying to identify support, or break downward - targeting the $72k I suggested would be the next lower level.
Get some.
Stay ahead of these markets and remember to trade efficiently (BOOK PROFITS).
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
SPY/QQQ Plan Your Trade For 1-7-25 : Counter Trend BreakawayToday's pattern suggests the markets will move upward (counter-trend) in an attempt to move into the RALLY, RALLY, RALLY phase closing out this week's price action.
I suggest traders prepare for what may become a fairly explosive upward trend over the next few days - but stay fairly cautious as unexpected news may derail price trends a bit.
We are still moving into the early 2025 liquidity flood - where traders who pulled capital away from risks in late 2024 are starting to move back into the markets. We are also moving into Q4:2024 earnings data (in about a week or so). So there are still lots of opportunities for big trends.
I'm watching to see if the markets attempt to move to new All-Time Highs again - which I believe is a highly probable outcome.
If my research is correct, we are going to move into that RALLY, RALLY, RALLY phase very cleanly today and tomorrow.
Gold and Silver are moving higher again - which is great to see. Today is a RALLY day on my Gold Cycle Patterns. Could be a great opportunity for skilled traders in Metals this week.
Bitcoin has reached that DUAL FLAGGING zone. In other words, stay cautious at this point.
Volatility will likely increase for Bitcoin and I believe the most likely outcome will be to attempt to move back downward after reaching this dual flagging zone. We'll see what happens next.
Remember, we are just starting 2025, so you have lots of time to try to identify opportunities throughout the year. Your goal as a trader is to find the best opportunities to BOOK PROFITS. The more you are able to BOOK PROFITS, the more likely you are to GROW YOUR ACCOUNT.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
NASDAQ: Key Support at 21,500 Poised to Propel a Rally Toward 22Looking at the chart, the 21,500 level is a strong support zone as it aligns with previous bullish positions and significant volume activity. This support could act as a solid base for a potential upward move toward the 22,000 resistance level.
Key Observations:
21,500 Support Zone:
Historical bullish activity suggests buyers are actively defending this area.
The price has bounced from this level, reinforcing its strength.
Volume Profile:
Heavy volume concentration near the support indicates strong interest in this region.
Limited resistance zones between 21,500 and 22,000 support the case for a move upward.
Target Resistance:
22,000 is a psychological and technical resistance level.
Reaching this level would require sustaining bullish momentum above 21,500.
If the price remains above 21,500, it could fuel a bullish rally toward 22,000, assuming no external bearish factors interfere. Monitoring price action near these levels is crucial for trade planning.
SPY/QQQ Plan Your Trade For 1-6-25 : Inside BreakawayToday's pre-market RIPPER RALLY somewhat invalidates the "Inside" part of any Inside Breakaway pattern. But, this rally mode in price validates what I've been suggesting for more than 3 weeks now - that the markets would settle after the new year and start to move into a rally phase before the Presidential Inauguration event.
Today's rally in metals and the SPY/QQQ suggests traders are eager to see the Q4:2024 results and are starting to PILE INTO the US equities markets after a very volatile end to 2024.
Even though 2024 was a banner year for the SPY (up over 20% YoY), December was very difficult for many traders. Aren't you glad you listened to my advice and moved to 80-85% CASH back on October 25 and avoided all this chaos?
As we start this week, I want to warn you that trades will be fairly quick in terms of "making up for lost ground". I believe quite a bit of the market's movement will take place overnight and pre-market. We'll still see some trending throughout the US regular trading session - but I believe the bigger moves will take place after hours in most cases.
Remember, foreign capital will be pouring into US assets for safety and security over the next 3-6+ months.
Gold and Silver will act as a hedge against perceived risks and I believe Gold will make a rally attempt above $2800 in early 2025. Silver.. Well, Silver is about to see an explosive move to levels above $35 in my opinion.
Bitcoin is still struggling to break away from this sideways price range. I believe the real struggle will materialize in about 24 to 48 hours as Bitcoin reaches an overlapping consolidation phase (almost like a Flag Apex). This is where I believe big volatility will hit for Bitcoin.
Get some..
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
SPY/QQQ Plan Your Trade: Learning A or B Trading StylesYesterday, after the GDP Now data hit, I received a number of messages related to my SPY Cycle Patterns and how they work in comparison to big news data (like GDP, JOBS, PMI, & Others).
Let me try to explain one simple thing to all of you.
The SPY Cycle Patterns are based on GANN/Fibonacci Time/Price cycles. They DO NOT correlate or predict price movement based on NEWS EVENTS or other extraneous data.
The SPY Cycle Patterns are, in essence, the core price expectations related to time/price cycles WITHOUT EXTERNAL NEWS EVENTS.
They represent what price is likely to do without any big news, economic data, or critical major event taking place to disrupt the Cycle Pattern.
So, it is important for traders to understand what I call the "A or B" type of trade setup.
Price is always attempting to reach new highs or new lows - ALWAYS.
Failure to reach new highs means price must roll downward and attempt to reach new lows. Failure to reach new lows means price must roll upward and attempt to reach new highs.
It is that simple.
Price is always attempting to break above previous critical highs or lows - ALWAYS.
Thus, once you understand this as a basis of price structure/movement, then you can begin to apply more advanced patterns (Fibonacci Price Theory, Excess Phase Peak Pattern, Others) as an additional layer to price structure in an attempt to understand how price dictates all trending/movement.
Now, one must also understand when price attempts to break levels (high or low), it can REJECT at those level (after breaking to new highs or lows). This is what I call a "Washout" pattern.
Rejection happens when a new low or high is reached, but the price FAILS to continue to trend in that direction. For example, if price were to reach a new higher high, then reject, this would be an example that strong resistance exists at/near the previous high level - causing price to FAIL to maintain that new high price level. Thus, I would expect price to move downward after REJECTING at the new high levels (see above).
The reason I'm trying to teach you these price concepts is because I want you to learn to make better decisions - not learn to just "follow along". You have to learn to understand price and understand how price moves related to opportunities.
That is what trading is all about - anticipating price moves because of what you are able to discover on a price chart.
Get some. Happy Friday.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Nasdaq 100 indices Crash TargetHello guys , Wish you all a very Happy New Year 2025.
lets begin the Month with Positive results irrespective of market moves. Anticipating Nasdaq 100 to take out it Support level and move below 20800 level. which we can target.
i have used a cfd contract so refer a 15 min charts on your terminal to get the exact level as per your broker. let me know if u guys are comfortable with cfd or futures contract for nasdaq and us500.
Take care
SPY/QQQ Plan Your Trade For 1-2-25 : Inside Pause PatternToday's pattern suggests the markets will stall a bit after the overnight reversion move.
If you were following my research, you already knew I was expecting the markets to rally a bit over the past 3-5 trading days. But that didn't happen as the low liquidity end of year trading prompted another downside price event.
In my opinion, this was all due to a lack of market liquidity. When there is very low liquidity, the MMs can move price more easily as the number of buyers and sellers drops (creating a wider price spread). It is also the type of market environment where FLASH CRASH types of events can take place.
Now that we are into early 2025, liquidity will deepen (more active traders) and this will result in a possible reversion event (upward) in price leading to the Inauguration event (IMO).
Just like I've been suggesting over the past 2-3+ weeks.
Gold and Silver are recovering nicely. I believe Gold and Silver will move back towards their recent highs over the next 30+ days.
Bitcoin is still struggling just below $100k, but I believe the ultimate move for Bitcoin will be a retracement to the downside before finding support near $72k and then starting a bigger rally above $120k.
In 2025, I've made a commitment to do more to help more traders. I'm working on new TIMING tools to assist in developing better analysis for everyone. If this research/work plays out well, I'll try to make these new tools available to everyone.
Remember, trading is all about managing capital, expectations, and risks. If you are still struggling with your trading - follow my research and learn how to time/execute better trades.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 12-31: Top PatternHappy New Year Everyone,
Today's pattern is a TOP pattern. This suggests the SPY/QQQ will rally in early trading, attempting to identify a resistance level and then rolling into a TOP type of pattern.
I don't expect the markets to fall much after reaching the top/resistance level. I expect it to be more of a stalling type of price action after reaching resistance.
Gold and Silver will likely attempt to confirm a base/bottom near recent lows. I don't expect too much movement in metals today.
Bitcoin moved below recent support, then rejected back to the upside. If this support fails, Bitcoin will move strongly to the downside over the next few days.
As we move into 2025, capital will start to rush back into the markets in early January. This low-liquidity phase will end near Jan 5 through Jan 8.
Be prepared for price to attempt to revert back into normal 0.5 to 1.25% price ranges - consolidating as liquidity increases in the markets over time.
Remember, the first half of 2025 will be very volatile - so buckle up and get ready for some big price rotation in early 2025.
Get some..
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
US100 - Key Levels and Recovery Potential in Focus🚨 US100 Market Update 🚨
Today’s price action on the Nasdaq (US100) is displaying a recovery from a strong bearish impulse earlier in the session. Let’s dive into the chart and key actionable levels:
Key Levels:
Resistance Zones:
Bear Day: $21,380 is a critical resistance level. A breakout above this zone could pave the way toward the Close Day/Week level around $21,500.
Sellers are heavily defending this zone, making it a key battleground for the day.
Support Zones:
Bear Week (Yellow Dashed Line): $21,260 is providing strong intraday support. This level needs to hold for the bullish recovery to sustain.
Day - ATR: $21,120 represents the lower bound for today’s session. Breaching this level could trigger accelerated selling pressure toward $20,960.
Bullish Swing Zone:
The $21,240 region aligns with the start of bullish interest. A confirmed bounce here could lead to upward momentum toward the next resistance levels.
Volume Profile Insights:
High Volume Nodes (HVNs): A significant volume cluster exists between $21,260 and $21,300. This zone is pivotal for determining market direction.
Low Volume Nodes (LVNs): A gap near $21,180 suggests potential for rapid price movement if the price revisits this area.
Market Structure:
The recovery off the lows is showing signs of strength, but resistance at the Bear Day level has yet to be broken.
The Volume Profile reveals a consolidation near the mid-range of $21,300, indicating indecision in the short term.
Strategy Suggestions:
Longs:
Entry above $21,380 with a target of $21,500 and $21,520. Stop-loss near $21,320.
Alternatively, consider buying near $21,240 if bullish momentum resumes.
Shorts:
Entry below $21,260 targeting $21,120 and $20,960. Stop-loss above $21,300.
Scalping Opportunities:
Use the range of $21,260–$21,380 for intraday scalps until a breakout or breakdown occurs.
Final Notes:
Nasdaq is currently range-bound, and key levels like $21,260 (support) and $21,380 (resistance) will dictate the next move. Watch for volume spikes and strong candle closes to confirm any breakout or breakdown scenarios.
🔔 Are you bullish or bearish on Nasdaq? Let me know in the comments!
SPY/QQQ Plan Your Trade For 12/30 : GAP ReversalThis week should resolve as a Momentum Rally in the SPY/QQQ. Yet, I believe price action will be very volatile as we are still transitioning through the holidays.
Overall, I expect the SPY/QQQ to attempt to mount a fairly solid rally this week - possibly attempting to reach new All-Time highs again.
Then, I believe the SPY/QQQ will move into an extended topping pattern over the next 2+ weeks - resulting in a breakdown trend after the Inauguration.
Gold and Silver appear to be trying to base/bottom and we may see a decent rally in metals this week. I hope so because I don't believe Metals should be this low compared to the risk factors throughout the global markets.
Bitcoin is transitioning through an EPP pattern Flag breakdown event. If this continues, I suspect we'll see a downward price move targeting $74k before the end of January 2025.
Remember, my Daily/Weekly Cycle Patterns are designed to help us plan and prepare for market opportunities. No, they are not 100% perfect all the time. But I don't know of anything else that can attempt to accurately identify price trends, setups, events weeks and months into the future.
2025 is going to be a great year for traders. Remember, it is all about what you can do with the information I share to profit from these moves.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
