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NQ

NQ is in clear bear flagI didnt have much time on research today, busy day. But I did spend some time on the NQ, as I didnt do NQ update for a while. I will also add comments to this post after I do my other research and go through few others updates I follow. So stay tuned, high chance this chart will get updated with extra comments several times. So as you can see on the chart, we are in a small (compare to the rest of the year) bear flag and we are already in most overbought conditions for this year including TRIN number and volume. My best extension (if it was not topped yet and they will push it higher before the elections) is at 12110-50NQ, with the top of the channel at 12250-300. But first it has to close above recent highs - 11750NQ I do expect a yo-yo style (outlined on the SPX yesterday) going into EOM and then Midterms. But the ideal target for this year is actually at 8-8.2k zone! I know it sounds crazy, but hey wasnt today's numbers crazy early this year? Some are still in denial. I do not call for a crash any longer, as we are out of that window astrologically and cyclically but I want to see another 25-35% cut from today's levels before this is over and we bounce hard into a bigger B wave No new highs next several years at min, maybe after 2026 if not 2032. I do expect 1999 and 2009 pattern, check it out. Again I might be wrong as anyone else out there, but this is my long term view, gotta stick to it till I see clear changes in trend. My plan for the short term is the same, its short tomorrow (Im already swing short) into EOM or 1-2nd FOMC rate decision) which should spark a rally and ideally mark the temp bottom going into the Midterms. They might make a big hike and stop for this year. Canada already increased .50 points instead of .75 points today, so FED can surprise. After the Midterms is where it gets tricky, I think we will have a last move down into week of 21st of Nov low, that should mark the low for the year. Can we extend into next year, yes we can, I will be updating you with my view going forward into mid of Nov. If something not clear, just shoot a question below this post. Here is zoomed in chart Also please dont forget to press that 🚀 sign under this post to push it up in algos for others to discover.
CME_MINI:NQ1!
by RealTima
6
NAS : Sell 11631.0 SL 11636.0 TP1 11163.8 TP2 10800My current sell bias on NQ Have sellers stepped back in this week? Im always sure to keep a tight stop profile, because more or less if im wrong, then im wrong. But im still short, we just made a new qtrly high. Let's see how this plays out. We may see high price movements into the 2nd Qtr Supply, which is a maybe, but if so then longs could be considered in the short term. This may just be a bear market rally? Sell 11631.0 SL 11636.0 TP1 11163.8 TP2 10800
OANDA:NAS100USD
by NQQuan
Three Drives Up Pattern This appears to be a Three Drives Up pattern, which is typically a topping pattern and may not follow through well at the bottom of a bear market; but I still expect some pullback to at least 50% retrace ~11100 or 62% ~11000. 11100 POC should show some support regardless of how far it runs. on a little longer TF there's also a POC around 11.2k. Pattern fails if it makes more than 168% retrace. We've got META and F earnings after the bell which I think will disappoint. Earnings whisper has META missing bad.
CME_MINI:NQ1!Short
by Nicklaus68
2
Elliott Wave View: Nasdaq Looking to do 7 Swing RallyShort term Elliott Wave view on Nasdaq (NQ) shows an incomplete bearish sequence from 11.22.2021 high favoring further downside in the higher time frame. Near term, cycle from 8.16.2022 high has ended and the Index is now rallying to correct this cycle in 3, 7, or 11 swing before the decline resumes. Down from 8.16.2022 high, wave (A) has ended at 10485.39 as the 45 minutes chart below shows. Wave (B) rally is now in progress to correct cycle from 8.16.2022 high. Internal subdivision of wave (B) is unfolding as a double three Elliott Wave structure. Up from wave (A), wave ((a)) ended at 11185, wave ((b)) ended at 10713, and wave ((c)) of W ended at 11431.75. Pullback in wave X ended at 10935.50 with internal subdivision as a zigzag. Down from wave W, wave ((a)) ended at 11008, wave ((b)) ended at 11328.75, and wave ((c)) ended at 10935.50. This completed wave X. Wave Y higher is in progress as a zigzag structure. Up from wave X, wave ((a)) ended at 11530.25. Index should now pullback in wave ((b)) to correct cycle from 10.21.2022 low in 3, 7, or 11 swing before the rally resumes.
CME_MINI:NQ1!
by Elliottwave-Forecast
1:20 Sell Limit Order : US100 Sell: 11440 SL 11490 TP 10500What A Friday, Sellers really got pushed out bad today, Maybe because this week ended within internalizing intentions. But here is a limit order I'll be paying attention next week. I am still very bearish , and maybe for the long term ahead. Here we have a open sell order with no recent retest, resting at the the top of the 3rd wave which was heavily extended throughout the week, indicating that from this area, price had a seller offering which was substantial enough to shift the tonality of the market.
OANDA:NAS100USDShort
by NQQuan
Bitcoin will rally as the 2022 Christmas Rally Takes StartsGet ready. Bitcoin will follow Tech/NQ as the Reversion Rally takes place over the next 4+ months (probably lasting well into Q1:2023). I expect Bitcoin to rally to above $29k - possibly reaching as high as $35k. My research suggests the US/Foreign markets are about to enter a Reversion Phase (rally trend) after nearly 12+ months of global/US selling pressure. Bitcoin should follow the Tech/NQ Sector higher over the next few months. We should be looking for confirmation of this bottom/base over the next 4+ weeks. We need to see recent lows hold up and a moderate rally take place before November 12th. This could be a decent rally for the US/NQ/Foreign markets if the US Dollar slides sideways/downward. Follow my research
BITSTAMP:BTCUSDLong
by BradMatheny
5
Custom Cycle Patterns Update - Christmas Rally Setup 2022It appears I'm getting a few people that are following my Cycle Pattern research - love it. For those of you that have not been following my research, here is a short history. Many years ago I started researching cycles, Fibonacci, Gann, and other advanced techniques. I try to deliver all of my advanced research to those that are interested in what I'm doing. Ultimately, I hope to unlock a few secrets related to how I see price action and attempt to better understand how cycles, patterns, frequency, amplitude, and shifting cycle phases really work in price cycles. If I'm able to do this, I should be able to accurately predict when and how markets will shift into different phases and how to trade them more efficiently. Much of my research is now dedicated to understanding global market dynamics (the world market trends and what comes next). I have to say I've been quite accurate in my predictions over the past few years - but predicting the future is now something I can do accurately or easily. Yet, I continue to try to provide valuable information for everyone interested. I warned of a market top setting up in July/Aug 2021 and warned everyone to start protecting trades and pulling profits as the US markets continued to peak. I warned of a 3 to 5 wave correction taking place (a wave 4 downtrend) before a new Wave 5 (uptrend) was likely to potentially setup a Christmas Rally in 2022. I've been actively suggesting the US markets were bottoming over the past 60+ days as long as certain support levels held up. I believe Gold and Silver will start a very strong price rally once the US Dollar shifts into a sideways/downward slide (which may be happening right now). I also believe foreign market ETFs & Technology shares will be the HOT TRIGGERS over the next 6+ months as investors attempt to buy deeply undervalued stocks. What this means is we are going to go through a bit of a SHIFT in how capital is deployed and where to find opportunities over the next 6~12+ months. But it also means traders/investors still need to be cautious. This is not an easy market to trade - and you should not start loading up on ETFs/Tech until we know the bottom is set. Here is the complete Cycle Pattern for all of October and early November: 10-1: Consolidation 10-2: Temporary Bottom 10-3: Gap Reversal 10-4: Breakdown 10-5: BreakAway 10-6: Rally 10-7: Carryover 10-8: Bottom 10-9: N/A 10-10: N/A 10-11: Inside/Breakaway 10-12: Harami/Inside 10-13: CRUSH 10-14: Gap Potential 10-15: Gap Reversal 10-16: Breakdown 10-17: BreakAway 10-18: Carryover 10-19: Temporary Bottom 10-20: Top/Reisistance 10-21: Consolidation 10-22: CRUSH 10-23: Gap Potential 10-24: Gap22 Potential 10-25: N/A 10-26: Breakdown 10-27: Harami/Inside 10-28: CRUSH 10-29: GAP Potential 10-30: Top/Resistance 10-31: Consolidation 11-1: Bottom 11-2: UP/Down/Up 11-3: Base/Rally 11-4: BreakAway 11-5: Carryover Remember, CRUSH patterns are BIG TRENDING BARS. They can be UP or DOWN, but generally, they tend to be downward bars (about 65% of the time). Take a look at the end of October and early November.. It looks like a BOTTOM/BASE is going to setup in early November. Can you say "Christmas Rally"? It looks like we may see a shift in the US Fed attempting to make sure they don't break assets over the next few months. Follow my research. This is going to be a great opportunity for the right trades/investments. Watch GOLD & SILVER. I believe these assets will move strongly higher over the next 12+ months.
AMEX:SPYLong
by BradMatheny
15
DAY TRADE Market ConditionDay Trade Market Condition, Jesse Livemore "There is only one side to stock market; and it is not the bull side or the bear side, but the right side" : NQ, ES, CL, BTC (a day trader on NQ, markets I pay attention with); Market Condition show on a table of each chart Rally, long position offers higher success SHOPzone, price fluctuate randomly between Supply/Demand levels (traders get burden mostly, day trading) Drop, short position offers higher success BULL, up trend for the week Cumulating , keep eyes on left column (the first top 3 above) BULL, down trend for the week Top down approach for day trade, quoted from Jesse Livemore, "I must buy on a rising scale. I don't buy long stocks on a scale down I buy on a scale up."
CME_MINI:ES1!
by situ886
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?
FX:SPX500Long
by BradMatheny
6
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.
SP:SPX
by SaeedSajedi
27