NQ - W Set up Double bottom set up, as long as it stays above 11400/500 areas as support. We are at current resistance that has been tested multiple times break above 12 1/2 I expect 13 1/2 and perhaps 14200/300 areas. We did have FOMC and nothing new has been changed imo rate hikes continue.. Key tip: Higher time frame, less emotional attachment Enjoy,...
$NQ Tagged gap from April of 2022 more than 1 year later
$NQ_F short vs $ES_F long spread may begin working again. First sign of consolidation in a long time.
Since the December lows of 3788 ES, I have been tracking a triangle pattern that would have reconciled higher in my target box for a larger B-wave. Readers can look at previous postings to see what I have been forecasting. Last week, SPX Futures breached the 4208.50 level. So, with that, the final micro target of an e-wave was invalidated and thus the triangle...
We got a very bullish price action since last 2 weeks. Looking for a retracement at 12850 level and then a higher high to 13500 I would like to go short around 13100 level and possible target is 12850-12900 with 13150 as the stop loss. Please share your thoughts. Thank you
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes 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 -...
Nasdaq hit and crossed today over R1 (13,730) which was the High of August 16th 2022, the last major Resistance standing. It did so however on an overbought 1D technical timeframe (RSI = 70.248, MACD = 173.650, ADX = 31.828), which is a bell to start booking profits, especially since the price is approaching the top (HH trendline) of the Rising Wedge, the pattern...
In today's trading scenario, we witnessed a fascinating turn of events. The market initially opened with a downward wick, touching the previous day's closing level and the London session's support. However, the tide swiftly turned, largely attributed to President Biden expressing positive sentiments about the avoidance of the US debt ceiling. This optimism sparked...
As an analyst, I often wonder if I get too much into the weeds (so to speak) at times. In the final analysis do those tiny details even matter? When you’re both a full time trader for profit, and simultaneously an analyst who shares one’s work publicly, often times distraction and multi-tasking is the enemy of discovery. Hopefully, this is not one of those...
Today's premarket moves for NQM have presented an intriguing scenario. News induced volatility sent us for a wild ride, with a sharp drop back to yesterday's support near 13430. Expecting a bounce and a wick fill, the surprising strength of the subsequent upward push—smashing through the main resistance—has taken us into relatively unexplored territory. With the...
Hello Fellow Stock Investor/Trader, Here's an Outlook for NASDAQ or NQ1! Price Action Analysis 1. NASDAQ has rebound on the dynamic support (EMA200) and Multiple Rejection Area 2. Forming a Descending Broadening Wedge, the pattern indicates a bullish continuation pattern 3. Breakout of the pattern confirmed the possibility of the upside movement 4. The...
NASDAQ / 1W Hello traders, welcome back to another market breakdown. NASDAQ chart from today looks similar to the pattern we had in 2000-2001 recession. If the US will indeed a recession by the end of this year or the coming year then it's worth watching over this pattern that lead to the major drop. Checkout the chart for more details on levels I'm watching...
Unfortunately this week I do not have the time to do a deep dive into the ES futures...suffice to stay, if you like being entertained...go back and review my ES Chart posts over the weeks. It's like watching stop motion animation as the only that has changed on the chart is the price action. PS: Next week I'll have more time to update my followers. Best to all, Chris
Nasdaq has turned the Channel Up into a Rising Wedge on the 4H time frame with technicals healthy bullish (RSI = 60.461, MACD = 23.460, ADX = 25.411). The current rebound is on the 4H MA50 and every pullback is a buy opportunity, targeting the top of the Rising Wedge (TP = 13,450). If it closes under the 4H MA200, we will add a second buy, targeting the top of the...
Current areas of interest for $NQ. Price may revisit these areas in future sessions.
SPY - Took a break mid last week from watchlists and trading. Looking at the daily chart, I am seeing a few things. We have a gap created, 2-2 reversal, and double engulfing weekly chart. Overall I think we are neutral/bullish from here, but one thing that concerns me is that gap to the downside. Monday I will be looking for a potential engulfing day if we can...
I’ll get right to the point. NO Now granted, as the reader, you’re immediately drawing your own conclusions about that opening statement. You're probably thinking... The author of this post is obviously bearish and therefore has an agenda. Ok, that’s fair. Then indulge me as I explain, in detail , why I believe todays market participants and financial news...