NQ clear bear flagBonds got destroyed today, I dont think the markets will hold for much longer.
Im waiting for EOD to add to short or wait for AHs
Nq!
NQ had only 50% retracement off todays lows!NQ is so much weaker then the ES, it got up to 50% retracement when ES had a perfect 61.8%
Also on this move down it made a lower low, def leading to my eyes.
ES has bullish setup, NQ has more room to go before its going to test the uptrend channel.
Todays close will be interesting. If weak, then tomorrow we can gap down
Just buy the NASDAQ, and thank me after!!! we have here a very good volume, which mean surely a good reversement
Just buy the NASDAQ, and thank me after.
It will be a good correction, and will give us a some easy profit.
Good Luck guys
#We-are-making-money-NQ
A little Elliot Wave Fun - are you ready for what's next?If you are like me, thinking the US markets will act as a safe haven for global capital, then you should clearly see the upside potential if these recent lows hold.
If not, then you are seeing the downside risks as more likely - and will want to understand the price structure in place that may prompt some consolidation.
IMO, we are amid a Wave 4 correction.
Any Wave 4 correction MAY turn into a new price wave structure (ending an ABC wave and starting a new price wave). So, the reality of the current global market trend is...
If my analysis is correct, we must rally to new all-time highs. For this to happen, a broad shift in investor sentiment needs to take place.
If my analysis is incorrect (related to this being a bottom for the US markets, then we would be anticipating a broad global crisis event related to debts/inflation and other emergencies.
I think the US Fed will move to a more moderate rate adjustment schedule while the global central banks deal with credit/debt issues. It does no good to crash the markets to stop inflation.
Just like in the 70s & 80s, inflation will weaken as rates stay elevated. It is just a matter of TIME and POLICY.
Capital WILL seek out the best investment vehicle in the future. I believe that will be the USD and US ASSETS.
What are your thoughts?
NASDAQ 100 E-MINI FUTURESNASDAQ 100 E-MINI FUTURES
NASDAQ climbed into the strong supply area and could not overtake it and currently trades between two strong regions
SPX, What is going on the market ??Which Bull Cycle is market correcting?
Answer to this question shows us where MAY be a good point to buy the dip with open eyes and how to be prepared for alternative scenarios.
As shown and explained on the charts, there are three alternative scenarios for now and all of them are valid although they have different probabilities. :
1. Best case scenario :
In this very bullish scenario , market is just correcting the bull run started after pandemic low. In this case, we are not to much far from the SPX bottom. 3195 to 3505 corresponding to 0.618 and 0.5 Retracement levels is the zone in which SPX will bottom. I give least possibility to this scenario but surely keep it in mind since it is still a valid one.
2. Moderate case scenario :
In this scenario, SPX is correcting the bull cycle started at 60.96 on 1974 and ended at ATH. In this case, SPX will reach to very unpleasant and painful target zone which is 1878-2439 corresponding to 0.618 and 0.5 retracement levels respectively. I give most possibility to this scenario. Proofs and evidences for this scenario( and two others of course ) are provided on my published video idea about DJIA (See related idea for more details).
3. Worst case scenario :
In this scenario, market has completed 90 years impulsive section and mother of all crashes is on the way. I prefer to pray for the market in this case instead of any explanations. May GOD Bless The Market.
Maybe it is time to leave the habit of (( Buy the Dip )) with closed eyes.
Good luck every body.
NQ is flaggingWatch for the failure or a breakout, it will be clear soon
Im not adding to my short till tomorrow's EOD.
MOC is on the buy side
Ideally we hold 3630ES and push to 3730 and fail, will check EOD to determine being long into tomorrow or not
DOW DAILY SAY: BUY PINBAR COMES IT CAN GO TO 31700strongly advice dont pick sell.. DOW CAN GO UP WILD AND DONT ALLOW YOU CLOSE YOUR SELL .looking for buy in deep and hold it 4-5 day
if you have old sells, put SL or hedge buystop on today high
good luck
CPI/JOBS Blow a Hole in support - CRUSHED? Cycle Pattern UpdateIf you were watching the markets this morning or were caught unprepared for the huge CPI numbers (which lag), you were probably sweating bullets watching the NQ fall 400+ points in just a few minutes.
These reactionary types of price swings can be very dangerous for some traders - especially right now.
But, I want to alert you that the NQ has rallied nearly 200+ points off the morning lows and may turn positive by the close of trading on Friday.
Do any of you remember my Cycle Patterns? Take a look at 10-13 (CRUSH).
10-10: N/A
10-11: Inside/Breakaway
10-12: Harami/Inside
10-13: CRUSH
10-14: Gap Potential
I think the Gap Potential for tomorrow may reflect an upward price gap and may surprise traders if this support level holds.
Next week looks very interesting...
10-17: BreakAway
10-18: Carryover
10-19: Temporary Bottom
10-20: Top/Reisistance
10-21: Consolidation
I see quite a bit of volatility over the next 10+ days while Earnings and the Fed play central roles in driving price trends.
I'm still cautiously optimistic that we'll transition into a Christmas Rally phase throughout most of October. Watch for the US markets to try to setup a base/bottom over the next 4+ weeks.
If the market recovers from this morning's lows - lookout. That should be a fairly clear sign the US markets are defending this support level with a vengeance. Damn the Fed!
Pay attention. ES long term support may surprise markets (long)If you have not been paying attention, this is a good time to learn about a support level many are ignoring.
Yes, this support from 2011~2015, and the range I've drawn in BLUE, will likely prompt a relief/recovery rally (if support holds). If this support level fails, then we will see a much bigger breakdown in the markets over the next few months (before the Fed steps in to save the day - if they can).
Please understand this is a technical support level that may prompt a US Christmas Rally phase (if it holds).
There are no guarantees, but earnings should set the tone with extended volatility and, I suspect, fairly clear expectations headed into Q4:2022 & Q1:2023.
Get ready. If my research is correct, we will quickly transition into a Christmas Rally phase while the doom-n-gloomers sell the rally.
Should be fun.
Follow my research.
WEEKLY OVERVIEW on US Index, EURUSD and USDCADHi Traders,
This is my view for this week on:
- SP500 and NAS100
- EURUSD
- USDCAD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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NQ target zone for tomorrowI want to see at least 3% rally into Wednesday am max, ideally all tomorrow
Nasdaq Weekly Forecast 10-14 October 2022Nasdaq Weekly Forecast 10-14 October 2022
We can see that currently the volatility is around 5.08% for this week, falling from the 5.14% from the last week.
Currently there is around 23.6% that the asset is going to close either above or below the channel:
TOP 11636
BOT 10500
The current volatility percentile is around 90th, placing us in very risky environment. With this situations in general the market moves:
AVG weekly bull candle = 2.97%
AVG weekly bear candle = 3.6%
At the same time, there is currently a 75% that we will touch the high of previous weekly candle of 11729
and there is a 25% that we will touch the low of the previous week of 11067
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a BEARISH trend ( the current price is below those moving averages)
The price reaching a retracement areaThe price reaching a retracement area and a group of weak candles, which indicates a rise in the price
SPY REVERSAL ANALYSIS go LONGAMEX:SPY
On this SPY 30-minute Chart I point out candlestick patterns, trendline breakout and volume spike leading me to conclude
that SPY is due to reverse to the upside. This appears to be a quality long trade setup. See the link for my other similar idea
at the far bottom. Trade well and often !
$FB Zuckerberg Gut PunchFaceplace is really getting it in this bear market. After looking like it might finally rebound, we are seeing a clear indication of a bearish consolidation pattern which can be used to initiate short positions and limit risk. Even though this looks golden, I do not pretend to know what is going to happen, so I always cut losses when positions move against me.
NQ has support at 11210-40I have my MNQ set to cover at 11240, will start buying in that circle on the chart
Nasdaq: Onion 🧅Like an onion, the Nasdaq-chart currently features multiple layers, and the index has processed them all. Hence, there is a 40% chance that it could directly continue the ascent it has already begun and climb above the resistance at 13740 points. However, we rather expect Nasdaq to drop below the support at 10890 points and thus to dive deeper into the blue zone between 11167 and 10043 points, where it should then finish wave (2) in yellow. Afterwards, the index should move upwards, crossing the resistance at 13740 points.
NQ is about to break from its triangleWatch this triangle to break one way or the other.
Im still looking for lower into tomorrow
What I'm looking at on Nasdaq today 10/6Got some new followers for some reason. I continually forget that I have this account, but I thought I'd share what I'm looking at on the NQ in case anybody finds it interesting.
I take trades on lower time frames, actually I use volume charts, which isn't technically a time frame, so it's not really important for me to look at things like hourly charts besides getting a general lay of the land.
Anyway if people have questions feel free to ask. I'm not a licensed trader and this is not professional advice.
