Intraday NQ setupI’d like to see if we can sweep some Buy Side Liquidity before trying to move lower today. We are currently at some strong Demand zones that we have already tested and are becoming WEAKER. If we can sweep those equal highs and reject the 15m Supply we might be in for a strong move lower today. Until I see a strong setup through demand or the setup I mentioned, I will not take any shorts.
No setup = no trade
Nq!
Plan Your Trade 6/21 - SPY Cycle PatternsPlan your trade to prepare for future price moves using my proprietary SPY Cycle Patterns.
This is a continuing video series related to my proprietary SPY Cycle Patterns. These unique patterns highlight potential price moves/trends weeks and months in advance.
I wanted to highlight the next 15+ trading days on the charts and track these potential setups to see how closely my expectations translated into price moves.
About 3+ days into this experiment, we should see a Top/Resistance price trend today. This is usually where the price attempts to rally upward to a peak, then rolls downward, seeking a new base/bottom.
Follow my research and learn how to Plan Your Trades more efficiently.
Learning To Plan Your Trade With SPY Cycle PatternsDid you watch my SPY Cycle Pattern video this morning? Were you aware that today was designated a Harami-Inside type of price action? This type of pattern represents a very narrow, often trendless, trading day.
I warned all of you before the market opened that today would be a day to sit back and wait for the market to show us whether it wanted to trend or not. Obviously, there were some quick pullbacks and trends—but nothing very big. If you had stayed out of the market most of the day, you probably would have been happy avoiding the chop.
Tomorrow is a big CRUSH pattern. These patterns are usually fairly large price range bars that often move against the 3~5 bar trend - in this case, downward.
This video covers the next three weeks of trading in the SPY and shows how I read the SPY Cycle Patterns as "sentences" related to how prices will react and move (including trends and ranges) going forward.
Of course, nothing is 100% perfect when predicting future price trends. But I think you'll find real value in the SPY Cycle Patterns and how they can help everyone prepare for the type of price action to expect.
Plan your trade. Use all the tools required to help you make better decisions.
Remember, trade only when the market provides opportunity and efficient price trends.
I'll keep updating these videos for all of you over the next few weeks. Let's go make some money as the markets trend into Q2:2024 earnings.
Plan your trade for 6/18/24 - SPY researchHere is another video to help you prepare for the next 2+ weeks of trading in the US markets.
Using my specialized SPY Cycle Patterns and technical analysis, I still see the markets consolidating in a melt-up type of trending over the next 2+ weeks before moving into a strong rally phase near late June/early July.
You can see how my SPY cycle patterns help into understand opportunities and when to prepare for more aggressive trading.
Today is a Harami-Inside pattern - meaning I will be mostly sitting on the sidelines today. Maybe targeting one or two quick trades.
But tomorrow and the rest of this/next week look very solid for more moderate/aggressive trading in bigger price trends. And, I'm going to start preparing for the RALLY, RALLY, RALLY phase near July 1, 2024.
Learn how my specialized research can help you. Learn the Mechanics of Trading.
Let's go get'em.
2024-06-17 - a weekly price action market recap and outlook - nqGood Evening and I hope you are well.
Nasdaq. 20000. What else can you say. The AI bubble will be in the history books and Michael Lewis will write a book about the insanity that’s going on. I sincerely hope they bring the exact cast back from the big short. You can quote me on this one. Over the next months, you will read about companies cutting back on spending, especially on AI since it’s expensive af and not bringing in any money. Nvidia will probably be halved somewhere in 2025/2026 so stock should hit around 65ish. Monthly ema is at 60. I looked that up after I wrote the halving part.
comment: Let’s review this weekly painting, now that we finally reached 20000. All bullish targets are met, the upper bull channel is broken and I expect this to be a bull trap rather than a breakout above with follow through. If nq trades above 20100, I am obviously wrong. Last two times we reached new highs we sold off for a couple of weeks and this is what I expect this time as well. Market will most likely pull back from here and then retest the ath again before we trade back to the smaller bull channel around 18500 or lower.
current market cycle: 20000. Get a tattoo of that.
key levels: 18000 - 20000
bull case: Bulls outdid themselves on this one. One for the history books. Can they get higher? Sure but I doubt it. Have nothing for them in this section. Move on.
Invalidation is below 19000.
bear case: Let’s see if they appear tomorrow. We should see a decent pullback to at least 19500 over the next days, follow by a retest of the ath, which should fail. A bigger two-legged correction should get us down to 18500 over the next days/weeks. On the bigger time frame all my bullish targets are met and all wave series ended between 19000 and 20000. Got nothing for the bulls here.
Invalidation is above 20100.
short term: Who buy’s this above 20000? Let’s see tomorrow. If they actually do, no idea where it can go. I expect a pullback to 19500 and the daily 20ema.
medium-long term: This climactic blow off top was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months.
current swing trade: Short 20000 until bulls manage to break 20100 or big profits. I will take profits and add to this position along the way.
Chart update: This is my best guess on how the next 3-9 months will play out. Gave all the reasons above.
Plan Your Trades - SPY Research For 6/17 & BeyondI put together this video to help traders plan and prepare for the next 30-60+ days - as we move into Q2:2024 earnings and pre-election consolidation.
Every week, I spent hours going over my Custom Indexes, proprietary price modeling systems, sector analysis, and more. My goal is to help as many traders as possible prepare for the greatest opportunities of their life (the next 5 to 10+ years).
I see so many traders getting trapped into following free or paid internet advice and blowing up their accounts. In my opinion, stick to the basics. Price is the ultimate indicator.
Then, determine the true bias of price trend and identify strong candidates to profit within that trend.
If you are a daytrader - you probably won't like my research/comments. I don't really daytrade much. I'm more of a swing trader - looking for 8% to 25% swings that take 3 to 20+ weeks to mature.
Either way, this video will help you understand what to expect over the next 30-60+ days in the US/global markets. Prepare for a big move in late June or early July.
SPY Rallying to $608+. Are you ready?My research suggests the SPY will quickly rally above $560 and continue higher to breach $608 (a 100% Fibonacci measured move) before the end of August.
The Q2:2024 earnings data and continued US economic strength will drive capital investments in US equities over the next 3+ months.
Traders continue highlighting the risks related to US banking issues and the related downside price concerns. I also share these concerns - but continue to follow the price action simply.
My analysis suggests the SPY will attempt to rally to levels close to $605+ before finding any major resistance.
How will Stocks React to Inflation?The stock market's reaction to an inflation trend always involves a delay.
Based on studies of the inflation trend, this delay is approximately 6 months. How about the inflation data month by month?
Micro E-Mini Nasdaq
Ticker: MNQ
Minimum fluctuation:
0.25 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
SPY Flag Apex Resolves Into Wash-Out Low - BULLISHSPY Flag Pattern resolves into a Wash-out low pattern - setting up a very big BULLISH price rally.
As long as key support near 524.70 holds, price should expand upward targeting 530-531+
Watch my other TradingVide videos to learn the Mechanics Of Trading. Everything you need to know is in PRICE.
Trade Like A Sniper - Episode 9 - NQ1- (31st May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing E-mini NASDAQ, starting from the Weekly chart.
- R2F
NASDAQ. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
NASDAQ. Weekly trading levels 20 - 24.05.2024Indices are at highs. We haven’t been to the top yet, there’s no data there. If we update the historical maximum, we can find out more in the Daily Posts.
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
SPY May Rally Above $540 Before You Know It...My research continues to support more Bullish trending for the SPY and other US major indexes.
I keep seeing others propose a market crash scenario - week after week... after week.
I certainly hope you were not following their suggestions too closely - because the SPY has rallied more than 7% from the recent lows. That's a lot of losses piling up for anyone caught on the short side of the markets right now.
Watch my video. Learn how I read the markets in a different format. And learn how to use my research to help you become a better trader.
I've posted many training videos on TradingView - please spend some time checking them out.
Get ready for a potentially explosive move in the SPY - targeting $545+... possibly rallying above $560 before the end of June 2024.
NASDAQ. Weekly trading levels 13 - 17.05.2024During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no arrows with direction), so zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Comments are welcome. Feedback is very important to me!