NQ1! Showing a setup that I am eyeing should price happen to climb and attempt to retake the gap close. I am potentially shorting the open for a 40 pt, maybe even 90 pt clip. Tight stop, 5 pts. No need to risk more than that. Trade is off if it falls lower than 9000. This is my opinion and trade idea. Please do not consider this as trading advice.
Its possible we might head back and do a quick test of the 9119 - 9108 range, looks like a good spot for a long entry with the added bonus of a nice stop.
1439 min looks interesting... shows volume in a strange way? gl hf xoxo snoop
4H Chart Explanation: - Price broke the Descending Trendline. - Price is on a correction. - If price starts its up move, potential to go up towards the Resistance Zones. Weekly Vision: Daily Vision: Updates coming soon!
How to trade QQQ? 1) buy PUT before market close 2) close PUT tomorrow morning market open, then buy CALL 3) Close CALL around noon, then enjoy coffee time 4) go to 1) again Try and see ....
The short term NQ, qqq direction for me will be supported by the 8690 level, will have my eyes on this due to NQ being the most bullish as of late of the major indices.
Decent R:R in a never ending bull market
4H Chart Explanation: - Price bounced on on the Weekly Ascending Trendline. - Price broke the Descending Trendline. - CCI indicates that a correction should come now. - We expect a Bullish Corrective STructure before going up towards the Resistance Zones. Weekly Vision: Daily Vision: Updates coming soon!
We currently have a beautiful flag setup on the $NQ hourly chart. Pending no negative move I do not think we have seen an end to new market highs before years end.
4H Chart Explanation: - Price is on an Ascending Channel . - Price broke the Micro Ascending Trendline . - Price is developing a Bearish Corrective Structure now. - If it breaks it, it has potential to move down towards the Bottom of the Ascending Channel . Weekly Vision: Daily Vision: Updates coming soon!
This is what bulls are probably looking to hit (the red line), and potentially beyond that.
This already had two moves down, so likely there will be a third.
Retest of the resistance and failure led to a liquidation move. Breaking the recent wedge added to the downside momentum. Since the move happened off the top of the balance it got exhausted half way to the stronger support. The buyers took advantage of that and pushed back. The market closed at the inflection point. Ideally, we should see a reaction and...
Daily Chart Explanation: - Price is on an Ascending Trendline. - Price is, one more time, facing the ATH Zone. - Bearish Divergence on MACD on each New High. - If price starts its down move from here, it should retest the Ascending Trendline and, in case it breaks it, there is potential to move down towards the Support Zone. Weekly Vision: We are looking...