These are the levels that I shall be watching today. My bias is to the downside for the start of the week, but obviously, with the amount of volatility possible with BTCUSD falling off, we could get all the downside and upside in one day. For now, I'll just watch what price does before the US Open. If we take the upside out first, I will be very bearish the rest...
Overbought on my 3hr chart, barely above oversold on teh daily. All other indices are overbought on 3hr as well. Usually means down.... but the daily? I dunno.
The NQ one hour time frame is showing signs of ending the short term down trend and starting the longer term up trend. The market has created an Up Fibonacci movement. Entry: Counter trend line break bullish above 12962.50 Longer term LIMIT: 14895.50 Short term limit: 13691.25 STOP: 12962.50 Once or if the market enters into the buy zone. It will be a good...
The tech-heavy NASDAQ 100 E-Mini futures contract (NQ) hit a high of 4,884 in March 2000, nearly four years after Fed Chairman Alan Greenspan said that there was “irrational exuberance” in the internet stocks. By October 2002, the index fell to 797.50 as the tech sector bubble burst. The best-performing index in 2020 The pandemic accelerated technology’s...
My bias is a long setup on NQ. But as you can see I have a long and short set up trigger because you never know what price will do. If you wait for your trigger you will be right on direction 100% of time. This does not mean you make money as this is depend on your risk management which by far is most important thing in trading. Long trigger Wait for 4 h candle...
Q2 Idea for Nasdaq 100: - Lines of Least Resistance established for NDX. We expect a drop, but a rise for the first half of the quarter is not out of the question. - We are still bearish overall. - Potential energy is a type of energy that is "hidden" in some way. It is a type of energy that can be converted to other forms and often is related to some attractive...
Looking for the continuation higher today. Commodity prices are falling so their inflationary effect will be reducing - Fed is keeping rates unchanged for a long period of time. - US employment is way off from being 'full employment'. On the NDX chart, the gap up was filled after the retail traders chased price higher on the open. The second dip into the close...
Yesterdays sell-off has stopped at a daily demand zone. It Will be interesting to see if the market uses the US employment data today to test the buy limit orders or if they scoop them up pre the news and use the supply sell orders to come back lower for the day
NQ daily time frame is hitting the Uptrend line. The market just hit the down Fibonacci extension. If the buyers are to bring the market up. Now is the perfect time according to the research. Looking for the market to break into the buy zone off the one hour time frame to confirm buyers are in control would be a great idea.
Market closed towards the US session highs. Currently trading within the Value High and Low from the US session
No longer oversold, I expect it to backtest the orange line tonight. It could tank again premarket based on CPI numbers, though chart patterns suggest a gap up and doji. I think Thu will be a down day, will buy puts tomorrow if things play out like I think they will. NQ MFI would have to go overbought for that scenario to look right. No long positions...
Of course, you are wondering what is going to happen to the tech-focus Nasdaq and we got your back! With the current decline, the tech index dipped into the yellow box between 13166 – 12774 points. Though it is technically possible for the index to reach further down and decline until the bottom line of the box, we expect the Nasdaq to come back and push for new...
Momentum is to the downside for day traders. Price action has signalled that 12600 is now back on the target list for the Daily time frames. I'll be looking to see which way they grab liquidity first and then look for the opposite side to be targetted.
NasdaQ During this hour and half is going to step up. Then will see a strong DROP
You can see here that price is currently between a daily support and resistance as MACD slightly on the rise. On Friday price regain a important daily support: Case 1: Price break through daily resistance (black line) buy. You can buy on retest of what would then be support for a conservative entry or on breakout of this same line for a aggressive entry. Personal...