Despite the recent bounce in the price of NQ1! we remain bearish; indeed, we think the current price is attractive for the (re)entry of a short position. That is mainly due to the fact that fundamental factors which weigh on the U.S. economy did not change. Therefore, we still maintain our price target of 11 000 USD for the Nasdaq index. Illustration 1.01 The...
11710 pivot zone. Looking for short at 11930, 12060, 12190 Quick scalp long at 11460, 11210 Blue levels d, e, f are in play Jobless claims + PPI at 12:30 GMT / 8:30 EST Options expiry 16/07
The Overnight push down had us gapping and opening above the 26.47 level i have been watching since last week . -Monitoring the 26.74 level for potential long trades on the $NQ. -Monitoring the 27.38 level for potential short trades on the $NQ
At the airport, can do an update. Friday H&S short was perfect, covered with some profit. The close isnt looking bullish, I see more weakness tomorrow. Ideal target to hit and is still at 11700-30 Im short, smaller size, tighter stop
The NQ daily time frame is in a down trend. The market is making lower lows and lower highs in the sell zone. The market broke a counter trend line bearish. The market has a down Fibonacci price point 9156.75 about -9,554 ticks below the market. It will be a good idea to turn to the one hour time frame and to look for selling ideas in the sell zone.
I think we find out this earnings season. Note: -Both red arrows are exactly the same -Overlay is copy of the first 2 drops
This is my forecast for this week. Using market cicle, we’ll see Monday and Thursday bear market and then next 4 days bull market, from Wednesday to next Monday.
Markets didnt close bullish to my eyes, looking for some weakness on Monday, ideally good gap down NQ has a small H&S formation on smaller time frame, ideal target is 11825. Ideal target to hold next week is 11700. Im short few contracts as of Fri close.
Wall Street and its beloved twists and turns are ever-present during the Summer Months. Apres June 21st, an environment of predatory and opportunistic Counter-Trends always seem to manifest into Labor Day, or so it went. I believe you may or can toss that out the window in the near future - prior to the FOMC spike hike July 27th. The Fed is poised to deliver...
$VIX $NQ 👀 Monitored the 26.47 level again today, was looking for a VIX close above for bearish activity... Going into next week, I'll be watching the 25.66 level as well.
The market complexion has changed greatly from "there is no chance of a recession" to "well, maybe there could be a recession" as the economic data continues to deteriorate. Continuing Jobless Claims in the United States increased to 1.375M in the week ending June 25 of 2022 from 1.324M in the previous week. The number of Americans filing new claims for...
NQ is riding the broken down trendline and the top of the channel, also its near the mid of the downtrend channel. I have no good feeling of a direction at this point. Ideally we sell in am and then rally up again to top sometime tomorrow, targets are still 12100-20 and if above, then its bullish and it goes to 12400+ Volatility is going to start rising from the...
NQ is hitting the same top of the channel and the broken trendline. Failing getting above it will just make another good sign for new lows to come mid of the month. Moment of truth is today
good evening, whole market looks to be creating somewhat of a sandwich. --- looking for a little pop to 11935 ~ 12061 followed by a drop to back-test the range lows. if the range lows successfully hold as support, a slightly larger move up can take place after july 13th. --- overall though, i don't see the market going anywhere for awhile; just going to be...
Looking for a short entry on NQ around 12500 on this run. I could be wrong, so keeping a tight stop on this one.
Resistance is very strong in this level, can stretch to 825 for a perfect touch. 11800 call from am got fulfilled, it's very close to it, I have shorted for a quick trade here, looking for a possible real move down off these highs, might not come till after the FOMC
Materials Flow must-see Prices fall in order to clear. There's just one larger issue. Weakening Manufacturing and weakening Demand. Consumer Demand was artificially propped due to the a number of misinformation(s). Allocations, Panic demand, Mis-Allocations - a complete and total Sh_t Mix. Ramping up production as Savings, Investment, and Incomes are within...
NQ is in its bear flag channel, has a confluence target of 11800 and support at 11640