Fahrvergnügen - The Traders VehicleTrading pleasure abounds as the FED's non-sense continues unabated.
A thrill ride out of Bear Market Territory for ES 3849.50, the NQ was the
laggard at 13414.
13392 the larger Pivot for the NQ Futures, a hidden one, but the DOM suits it
rather well.
"Exiting the Bear Market" is the new mantra, narrative, and fresh bullhorn
as we see "Inflation - Come Off" - Bloomberg 24/7 now.
A chortle of whores and pimps, typical and to be expected as the Summer Solstice
trade grinds on trapping goblins everywhere on the Tape.
Ignore the shortages of refined energy products, food, and the things we need
to conduct our lives.
No, lookie over here easily distracted, memory short degens.
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The FED took off $14B week over week - at this rate, the FED is never going to hit
its "Target" @ $90Billion in QT beginning in September.
Uber Doves - Khardasian, WIlly, and Bob Evans chicken all decided to don push-up
bras and assure us they mean business... Bullard blew an Esmerelda, again.
Fed Fund Futures have more intray-week volatility than the VIXen.
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VX Complex - utterly sh_t mixed... but... and there is a very large butt.
Vol of Vol is showing signs the Big Lick is developing for a very large return of
Volatility.
Count on it, plan for it... here is why.
The next decline will have a Scope, Scale, and Velocity - unlike the January decline.
It will be extremely destructive in very short order for Price.
August 22nd to September 4th appears to be in line with expectations.
VX Calls carry a massive Prem... obvious expectations.
Yes, ahead of selections for Mid-Term grifters.
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The FED is now indicating a "Panic Cycle" (of course it's not) it's simply when they
are now pandering to January as the "oops, we broke sh_t"
They made it very clear in the FSR that they wanted a 50% haircut... they be serious.
Central Bankers Globally are getting a Tate-sized Master Class of MLM from the EuroDollar
Primaries... the DX shortage will be extreme in the extreme.
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When Brown Brothers Harriman is looking for a DX collapse... look the other way.
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EuroDollar has one more Chart Print to the Next Plunge.
Crash Landings... are not survivable.
Sellers of DEC 2022 and MAR 2023 on ES NQ MYM RTY.
Lots and Lots of spicy Poots to round out the Meme and FANG fade.
When Turbines SIEZE.
Nq!
Nasdaq 4hour :Dont pick sell,look for buy ,nasdaq can see14000after pinbar comes on 1hour,4hour or daily dont fear pick LOW SIZE buy SL=PINBAR LOW
note = I always (on gold,dax,dow,nasdaq) pick buy only above green arrow + when pinbar comes SL=pinbar low always ,,,, under red arrow we can sell but we need clear pinbar
good luck , dont close your buys sooner than 13600 ,,,, nasdaq with zigzag can reach fibo 61% daily = 14500 too
wish you win
QQQ - What comes after the FEDYesterday, the FED raised interest rates by 75bps. Yet, despite the sound logic, the market ripped up an astounding 4% leaving many analysts perplexed. Before that, we said the rate hike would be bearish and negatively affect the economy. Additionally, we noted that tighter monetary policies combined with a slowing economy would further weaken the stock market. After the FED decision, we still stick to this narrative.
Recapitulation of moves on the day of previous rate hikes:
16th March 2022 = +4.31%
4th May 2022 = +3.44%
15th June 2022 = + 3.63%
*values are approximate
Meanwhile, despite the enormous magnitude of moves up, the general trend remained to the downside. As a result, we would like to set a new price target for QQQ at 300 USD. Accordingly, we would like to push our invalidation level for the bearish bias 1.2% above the yesterday's close price.
Illustration 1.01
The setup we introduced to our audience recently. Yesterday, the index rose approximately 4% from the immediate support/resistance level.
Technical analysis - daily time frame
MACD and Stochastic are bullish. RSI is neutral. DM+ and DM- are bullish. ADX contains a relatively low value, indicating a weak or no trend. Overall, the daily time frame is slightly bullish.
Illustration 1.02
Interestingly, after the FED decision, QQQ stopped its price rise 0.01 USD below the invalidation zone (for the bearish bias).
Technical analysis - weekly time frame
RSI and Stochastic are bullish. MACD performed a bullish crossover but stayed in the bearish zone. DM+ and DM- are bearish. Overall, the weekly time frame sends mixed signals.
Illustration 1.03
The picture above shows the Nasdaq continuous futures and updated support and resistance levels for the index.
Illustration 1.04
Illustration 1.04 shows several technical developments on the daily chart of NQ1!.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
QQQ Established Ascending Channel ContinuationNASDAQ:QQQ
On a 2H Chart QQQ started in an ascending channel on July 27th.
The chart shows:
Price rising and above the EMA9
Price tested the bottom of the channel and was rejected.
Relative Strength rose above the running mean
Relative Volume rose above the running mean.
All in all, the chart suggests trend continuation.
QQQ Monthly Chart Since COVID LowNASDAQ:QQQ
appears to show the pullback is complete QQQ
is now sitting above the long-term volume profile POC
now with relative strength increasing from mid-range
after a rounded bottom in mid-June
Red Candle Covid Low than all green candles on
uptrend until Dec 21 now a new green candle
There may be good days ahead as a resurgent bull run
gathers momentum ?
$QQQ Nice rally, do you go long here? From 269 to 326 QQQ just put in a massive rally!
Do you go long here now ?
Do you go short ?
So much speculation and many still don't seem on board and are calling this a bear market rally... which is exactly why I wouldn't be surprised if we continue higher to 370
I opened some OCT Put debit spreads to hedge my current long port and will take it week by week as I don't think anyone has a clue what will happen next... so trade level by level and stay nimble my friends !
Cheers
NQ daily time frame holding at down trend lineThe NQ daily time frame is in a down trend. The
market is making lower lows and lower highs. The
market just hit an up sub Fibonacci extension price
12999.50. It is expected the market will have a
bearish reaction after hitting this Fibonacci
extension. If the market can break and close below
the short term up trend line. It will be a good
idea to turn to the one hour time frame to look
for selling ideas in the sell zone towards the
daily down Fibonacci price point 9480.75
nasdaq in 15mindear traders i saw nasdaq has react fropn demand zone it means investors are intresstiong to buy nasdaq accourding to that i expect nasdaq will reach 12200 you could take te trade nicely
Nasdaq 4hour : exit your sells , it going to above 13600you can see nasdaq break big trend , now have powerfull buy , next target is 13640 (fibo 61%)
under fibo 61% 13640 after pinbar comes (in 1hour or 4hour or daily chart), we can pick very low size sell with SL = pinbar high
ALERT= NASDAQ UPPER TARGET IS 14500 , STRANGLY ADVICE DONT PICK SELL , 90% LOOKING FOR BUY IN DEEP
i wish you win
NQ GOING TO FACE A KEY RESISTANCEEven if it is almost late, but we are on a high time frame (1day) and the target can still give us a very good profit. So first of all, the nasdaq bounced on the MA 50, which was the first long signal, secondly we're getting near to the EMA 201, which is meaningful, and the nasdaq after all the way, it really needs to hit the EMA 201 and the key resistance. In that level we'll have two possibilities, its gonna break the resistance and do a pullback on the EMA 201 and go all the way up, or it can do a fake break on the EMA 201 and the key resistance and then go back down. But what is probably more sure, is that its gonna go to the key resistance and then decide where to move.
In addition to all of that, the Fibonacci shows us that the trend will keep going up
NQ not much to addNot much to add, didnt trade today, didnt miss much.
Im flat at the moment except few ES under the water shorts (I always have long term runners and only have 30MNQ going on the long side against 20MNQ short; no more long term ES, more on the short side, all long term holds, as Im fine to take a heat on some)
Will be shorting tomorrow am if we get any higher, will be short over the weekend.
It seems we will be a shallow pullback, the window for the low is 15-16th, should start moving on Monday if not tomorrow.
When we get a volatility, then I will be posting more. Not much volatility these days, no fun.
NQ has a better ABc structure then the SPXNQ went down into the upper trend channel into the close, fake breakout imo.
This move should be over tomorrow if it was not today. My turning day is 4th on SPX and DOW.
There are 2 targets I have on the downside and I favour second more then the first one.
- 12500
- 12075
The low should come on the 15-16th and one more rally into EOM or early Sep to finish the bigger B.
It can stretch into the 14000 zone and should top in between of 50 and 61.8 retracement and fall apart into the Oct low.
Im planning on shorting AH's or tomorrow am.