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NQ-M2024: Q2 positional short trade setuphello TradingView members, after all kinds of analysis done, when possible future events taken into account, now it is time to translate into risk management analysis and bias. this is related only to the current leg, we may go lower than the target as long the stop-loss is not triggered. the idea is about sharing this setup is to allow also others to consider a possibility, to think about a scenario that may mature into the right trade setup. do not treat the whole as holy bible but as risk management practice for a bias. it is just an idea. personally, I do trade this setup also in narrower time frames and I would scalp in addition during the process, but each person has own strategy and own approach to the market and trading the market. feel free to comment, try to do that in a productive manner, so the oversight over this idea would allow fine tuning and improvements. let us see how the market to show this setup in a hindsight. again, feel free to comment and to contact me directly. sincerely, all the best, Fluke
CME_MINI:NQ1!Short
by FlukeTrading
Will NVDA Gap Hold for ES?E-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5062.25, down 30.25 NQ, yesterday’s close: Settled at 17,658.50, down 222.25 E-mini S&P and E-mini NQ futures finished lower for the fourth session in a row. Most crucially, the S&P tested our rare major four-star support at 5044-5055, this pocket aligns multiple indicators as well as the gap close on February 21st, ahead of NVDA’s earnings release. Given the relentless move down, failed bounce attempts and this critical area of support, it is imperative the bulls show up today. Bias: Neutral/Bullish Resistance: 5078-5082**, 5094-5097***, 5110*, 5119-5123.25***, 5127-5131.75***, 5147.25-5153.75***, 5162.75-5167.25***, 5182-5185.50**, 5207.75-5213*** Pivot: 5069.50-5075 Support: 5062.25***, 5044-5055****, 5026-5027.25**, 5018**, 4983.50-4994.25**** NQ (June) Resistance: 17,767-17,796***, 17,850-17,874**, 17,959-17,988***, 18,051-18,072****, 18,131-18,167***, 18,226-18,254***, 18,326-18,343*** Pivot: 17,719 Support: 17,604-17,638***, 17,463-17,493***, 17323-17,372***, 17,106*** Micro Bitcoin (April) Yesterday’s close: Settled at 61,130, down 1,790 Bias: Neutral/Bullish Resistance: 63,350-63,700**, 64,660-64,937****, 66,555-67,595***, 68,172-68,590*, 70,410-70,800**, 71,795-71,815**, 72,110-72,530**, 73,410-73,600*** Pivot: 62,535 Support: 61,632-61,680***, 59,700-60,830***, 57,410-58.250*** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups 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 *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME_MINI:ES1!
by Blue_Line_Futures
Stocks Slammed, Is a Reprieve In Order?E-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5104.00, down 63.50 NQ, yesterday’s close: Settled at 17,876.25, down 303.00 E-mini S&P and E-mini NQ futures finished sharply lower for the second day in a row as both geopolitics and rising rates act as major headwinds to investors’ risk appetite. We are viewing this pullback as healthy and timely with price action in both testing into the aftermath of NVDA’s February 21st earnings report, which was a pivotal catalyst in the market’s next leg higher. While we do not view the driving narratives (geopolitics and rates) to be stale, we do believe a reprieve in prices is in order? Major three-star resistance in the E-mini S&P comes in at 5127-5131.75, and this is a modest first target upon an attempted rebound, with 5147.25-5153.75 marking a 50% back into the week’s range. To the downside, a failure to hold first key support at 5094 would erode this thesis and encourage another wave of selling. As for the E-mini NQ, the February 21st settlement comes in at 17,767 and stands as a line in the sand that has so far withstood an overnight test, but a break below here would also encourage added selling. Bias: Neutral/Bullish Resistance: 5120-5123**, 5127-5131.75***, 5147.25-5153.75***, 5162.75-5167.25***, 5182-5185.50**, 5207.75-5213*** Pivot: 5104-5112.25 Support: 5094**, 5081.25**, 5069.50-5075***, 5044-5055****, 5026-5027.25**, 5018**, 4983.50-4994.25**** NQ (June) Resistance: 17,938**, 18,005-18,072****, 18,131-18,167***, 18,226-18,254***, 18,326-18,343*** Pivot: 17,881 Support: 17,841-17,867**, 17,767-17,792**** Micro Bitcoin (April) Yesterday’s close: Settled at 63,560, down 3,610 Bias: Neutral/Bullish Resistance: 64,660-64,890***, 67,170-67,595***, 68,590*, 70,410-70,800**, 71,795-71,815**, 72,110-72,530**, 73,410-73,600*** Pivot: 63,700 Support: 62,535**, 61,632-61,680***, 60,830**, 57,410-58.250*** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups 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 *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME_MINI:NQ1!
by Blue_Line_Futures
The Local Line in the Sand for ESE-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5207.75, down 52.50 NQ, yesterday’s close: Settled at 18,196.75, down 163.00 E-mini S&P and E-mini NQ futures finished lower after a barrage of negative news. CPI for March was a touch warmer than expected, coming in roughly one-tenth higher across the board before a poor 10-year Note auction lifted yields further. The U.S. 10-year Note yield rose by 20bps from 4.36 to 4.56, and according to the CME Group’s FedWatch Tool, the odds for a rate cut in June fell to 16.9%, while July shows a 43.7% probability. Now, we brace for an ECB policy decision, PPI data at 7:30 am CT, producer prices are a leading indicator of consumer prices and a 30-year Bond auction at noon CT. This has certainly put stock index futures on their back foot. Still, on a positive note, the low in each of the E-mini S&P and E-mini NQ that traded in the immediate aftermath of the CPI release was never taken out during the intraday session. For the E-mini S&P this low aligns to create a critical line in the sand with the 50% retracement back to the February 13th low at 5163.75-5176.50. We will look for construction above here to help shift tides more positively as the rest of the week unfolds. Bias: Neutral Resistance: 5203.75-5208.25***, 5214.75-5217**, 5223-5226.50***, 5030.75**, 5241-5244.25***, 5260.25***, 5272-5274.25***, 5280.75-5285**, 5295.25-5300.75***, 5207-5208.50*** Pivot: 5191.50-5196.75 Support: 5185-5188.25**, 5163.75-5176.50***, 5145-5147.25***, 5123.75-5124.25***, 5112.25*** NQ (June) Resistance: 18,215-18,224***, 18,264**, 18,313-18,350**, 18,405-18,414***, 18,474-18,498**, 18,568-18,607***, 18,691-18,709*** Pivot: 18,185 Support: 18,102-18,118*** 18,051-18,070***, 18,006-18,029***, 17,767-17,881**** Crude Oil (May) Yesterday’s close: Settled at 86.21, up 0.98 Crude Oil futures slipped early yesterday due to the broader risk-off sentiment, and saw further selling on larger builds within the weekly EIA inventory data. However, price action held major three-star support (newly adjusted to 84.55-84.69 and 84.90-85.10) before geopolitical premium brought a fresh bid as news flow called an Iranian strike on Israel imminent. Price action is again slipping into the onset of U.S. hours and with support well-defined, we will look to a pivot and point of balance at 86.02. Bias: Bullish/Neutral Resistance: 85.29**, 86.58-86.71**, 86.91-87.10***, 87.07-87.22**, 88.37-88.64*** Pivot: 86.02 Support: 84.90-85.10***, 84.55-84.69***, 84.04-84.09**, 83.71***, 83.12-83.25*** Micro Bitcoin (April) Yesterday’s close: Settled at 70,410, up 1,055 Bias: Neutral/Bullish Resistance: 71,355**, 72,110-72,530**, 73,410-73,600***, 74,800-75,300***, 80,503***, 82,110*** Pivot: 70,355-70,410 Support: 69,990-70,005**, 68,540-68,785**, 67,75-68,034***, 66,330-66,500***, 64,715-65,260***, 62,955-63,435**, 60,830-61,680*** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups 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 *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:MBT1!
by Blue_Line_Futures
Helping you map out your gameplanE-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5253.25, up 0.25 NQ, yesterday’s close: Settled at 18,295.00, down 5.75 E-mini S&P and E-mini NQ futures were little changed to start the week as traders and investors await tomorrow’s CPI slate. Given last Thursday's fallout and Friday's stronger-than-expected headline job creation, one could perceive the consolidation as healthy. While there was some construction within the Treasury complex yesterday, we must also keep a close eye on rates as we move through the data-heavy middle of the week. Price action in E-mini S&P futures held an early low yesterday after the opening bell, creating first key support at 5245.25-5246.50, while E-mini NQ futures have a similar mark with major three-star support at 18,228-18,249. The bears must test and violate these levels in order to potentially break the consolidation ahead of CPI. To the upside, a move out above second key resistance aligning with Friday’s high at 5268.75-5272.50 in the E-mini S&P and 18,406-18,446 in the E-mini NQ could begin to spark a pre-CPI melt, back into the thick of the damage, where indices began rolling over Thursday. Bias: Neutral Resistance: 5264.25*, 5268.75-5272.50**, 5279.25-5282**, 5295.25-5300.75***, 5207-5208.50*** Pivot: 5252.50-5253.25 Support: 5245.25-5246.50**, 5231.25-5237***, 5224.50**, 5212.75-5215.50**, 5203.75-5206.75***, 5191.50-5196.75***, 5163.75**, 5145-5147.25***, 5123.75-5124.25***, 5112.25*** Micro Bitcoin (April) Yesterday’s close: Settled at 72,110, up 4,355 Bias: Neutral/Bullish Resistance: 72,110-72,530**, 73,410-73,600***, 74,800-75,300***, 80,503***, 82,110*** Pivot: 71,800 Support: 69,610-69,900**, 68,650-68,900**, 67,755***, 66,330-66,500***, 64,715-65,260***, 62,955-63,435**, 60,830-61,680*** NQ (June) Resistance: 18,370-18,376**, 18,406-18,446**, 18,475-18,498**, 18,568-18,607***, 18,691-18,709*** Pivot: 18,300-18,310 Support: 18,228-18,249***, 18,173-18,191**, 18,102*** 18,051-18,070***, 18,006-18,029***, 17,767-17,881**** CME Real-time Market Data help identify trading set-ups 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 *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME_MINI:NQ1!
by Blue_Line_Futures
NQ 4H Analysis - Range BoundThe SEED_ALEXDRAYM_SHORTINTEREST2:NQ 4H is currently in a range, marked by a shifting structure to the downside. Despite attempts to regain momentum, buyers have been unsuccessful, as demonstrated by the annotated sweep on the chart. We are now in a holding pattern, waiting for a direction to be chosen. While the overall trend remains bullish, we are in a cautious phase due to the market forming a balanced range. There is a bullish internal structure flip, followed by a notably bullish 4H bar. However, the sweep above previous highs indicates that buyers were not ready to drive prices higher. Attempts to rebound on every previous internal lower high fell short, leading us back to where the internal structure flip occurred. Buyers emerged again off of the internal structure flip high, but unless a higher low is formed and prior highs are finally surpassed, it seems that the momentum is dwindling. This could potentially signal the onset of buyer exhaustion and early indications of a larger timeframe pullback at the beginning stages.
CME_MINI:NQ1!
by AmpedTrading
Correction Coming for AI? AI technology has been recognized as the new future since the end of 2022. The rapid advancements in AI and its stock prices sparked debates regarding the sustainability of its current valuations. Indeed, AI technology has a long runway ahead, but like all journeys, it will eventually encounter a bend. In today's tutorial, we are going to study its fundamental and technical reasons why we may have to prepare for a windy and bumpy ride ahead. E-mini Nasdaq Futures & Options Ticker: NQ Minimum fluctuation: 0.25 index points = $5.00 Micro E-mini Nasdaq Futures & Options 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
NASDAQ:AVGOShort
by konhow
NASDAQ(US100):🟢Possible scenarios🟢(Details on Caption) Hello Traders Outlook: Daily Chart Summary: NASDAQ's recent action: Cleared sell-side liquidity in the daily Fair Value Gap (FVG). Activated bearish breaker block by closing below 18233.50. Bullish Scenario: 4-hour chart insights: Trend line liquidity intact. Buy-side liquidity remains untouched. SMT with S&P500 and Dow Jones trend supports upward potential. Bearish Scenario: Concerns: Activation of daily bearish breaker block. Presence of order block with Fair Value Gap (FVG) on the 4-hour chart. Explore By examining the NASDAQ daily chart we can figure out, that the price purged the sell-side liquidity that formed inside the daily FVG. On the other hand, the price activated the bearish breaker block by closing the daily candle body below 18233.50. Up to this point, I mentioned the primary characteristics of bullish and bearish scenarios, Let's go deeper and continue. The first scenario (I follow this scenario) is bullish, Here in the NASDAQ (US100) 4-hour chart we can see the created trend line liquidity and left buy-side liquidity untouched. In addition, there is an SMT with S&P500 and Dow Jones. This alignment gives us added confidence in the potential for the price to target the buy-side liquidity. The second scenario is bearish. As I mentioned the price activated the daily bearish breaker block and also there is an order block with FVG that may push the price lower. The bullish FVG above sell-side liquidity can be our first target in this scenario. 💡Wait for the update! 🗓️17/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
CME_MINI:NQ1!Long
by VahidTradingCR
7
NQ Bearish Structure | Looking for a possibly 2-legged pullbackNQ has broken its structure to the downside, disrupting the bullish pattern that had been ongoing for a while. I am looking for an hourly two-legged pullback to the ~70% retracement zone before making a new low, since the price has broken above a prior lower high. This suggests that buyers want to see higher prices before we possibly make a lower low. There is an hourly demand zone around 18200-18170, which I suspect buyers will try to use to push prices higher.
CME_MINI:NQ1!Short
by AmpedTrading