After yesterday's strong move off the highs (that we called a double top), we recommended taking on hedges for a possible bounce. NQ delivered it's overnight bounce to the 11418 level that is the 61.8% retrace of the move down. Now removing hedges and/or adding short positions. Eyes on the 76.4% fib level, above that something else is in play and the trade...
Coming to a potential double top and the 61.8% from the move down (at 11466), adding shorts here. Looking for a plunge down in quick fashion.
Hello everyone Nasdaq has started a uptrend in march 2020 However price has broken this uptrend in SEP 2020 Price is chopping so far and trying to find a bottom watch the chart key notes for more detail :) for any question feel free to ask :)
LOL, in the end it winds up being another tech selloff. Small caps are barely down, transports are all green, dividend stocks look strong, Dow is down only a little. This might continue Monday even if Trump lives, looks to me like it needs to hit oversold again before a bounce.
Looking for at least 1000 points down from here. Small possibility of a higher high, but a very good spot to begin layering in shorts.
Nas100 rising wedge pattern break out and tested perfectly. Most likely it's going to continue. I'm shorting it under today's support around 11300.
Contract - CME_MINI:NQZ2020 - High - 11347.50 - Low - 11311.50 Current Stats - Gap: N/A - Session Open ATR: 313.76 - Volume: 46k - Long-term (Daily) Trend: Neutral Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable...
Good evening! Please read my comments on the chart why I believe the NQ will visit ~ 11550 before it corrects. I believe this to be a classic example of Elliot Wave Theory. Putting together all of the pieces gives a great risk/reward for the final leg of this move into the end of the month. Please feel free to check out my other ideas, I really want to help...
I said last Friday that this looks like a meltup, look at how much MFI has dropped with very little down movement. COnfirms the melt up. Best play is to wait until MFI gets oversold and buy some calls. It might not even hit the bottom line. In any case, not every day is a good trading day, I expect a whipsaw so I'm gonna go run some errands. I do have some...
Contract - CME_MINI:NQZ2020 - High - 11413.75 - Low - 11383.00 Current Stats - Gap: N/A - Session Open ATR: 319.58 - Volume: 27k - Long-term (Daily) Trend: Neutral Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable...
Contract - CME_MINI:NQZ2020 - High - 11181.00 - Low - 11136.00 Current Stats - Gap: +0.09 - Session Open ATR: 324.33 - Volume: 31k - Long-term (Daily) Trend: Neutral Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable...
This is my expected price action for NQ Disclaimer: This is not financial or investment advice Stay healthy, trade safe. Atilla Yurtseven
Hello Folks, Here is a video recording take for the planned play book for SPX and NAS for today. Brickbats welcome :) Key levels for SPX 3255-60 Bullish above bearish below NAS 10960-11000 Bullish above Bearish Below NAS Alternative - Hold of 10820 for a rotation on upside
MFI oversold so I'm flipping all my puts on open, but more downside possible because RSI is not oversold yet. RTY already hit oversold, so it actually tried to gap up until the unemployment numbers came out. Speaking of which, that explains the tank yesterday because there are always people in the know. When the numbers were good, the market always rallied the...
🙋♂️Hello Futures Community! Check out my Intraday analysis for NQ and also my entry levels. More descriptions about my trading. I am not patterns trader. My strategy and edge is looking for strong volume zones where Big players were trading. And if a market will come to this zones, I want to trade there again with them. So every day I prepare key levels and...
Contract - CME_MINI:NQZ2020 - High - 10945.50 - Low - 10910.75 Current Stats - Gap: NA - Session Open ATR: 324.63 - Volume: 23k - Long-term (Daily) Trend: Bearish Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of...