NQ
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.
Is this recent rally a bull rebound of a bear retracement? To make an assessment if the market has turned bear, during the closing second quarter on 29th June 2022, we discussed on the topic “Using S&P to Identify Recession
and on the 19 Jul, 2 weeks ago the tutorial posted here, we studied and expecting this current rebound, topic “Nasdaq a leading indicator of Dow Jones, S&P & Russell”.
In today’s tutorial, I thought of doing a recap between the two videos and explore if the current market and its development, if it is a bull rebound heading to break another new all-time high or if it is a bear retracement?
I have included both the video links below.
Before we get into this topic, please also take some time to read through the disclaimer in the description box below.
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.
Tutorial example:
Micro E-Mini Nasdaq
0.25 = US$0.50
1.00 = US$2
(12,900 - 11,900) x US$2
=US$2,000
(Note: Opposite is also true)
• During the closing second quarter in June, on 29 Jun - “Using S&P to Identify Recession
• On the 19 Jul, 2 weeks ago - “Nasdaq a leading indicator of Dow Jones, S&P & Russell”
8/2/2022 - US100/NDX/NQ/QQQ Open above the pivot zone will send the market to the resistances to the upside. Open or bid below pivot zone will send the market to supports below.
As always, use discretion when executing your trades.
NQ almost hit my target zone, expect a test of the mid channelNQ almost hit my target zone, expect a test of the mid channel if not more.
I still day trade this, no swing positions, only ES from Fri.
All depends on how we will be closing today, might enter with either long or short for tomorrow
Tomorrow is a turning day, it can be a move in one direction.
VIX has a long signal, be careful if long indexes
ES - Monthly Risk Range / Impending COLLAPSE2007 Levels will be upcoming into October 2023.
Summer Counter-Trend has more room for the upside.
The Monthly Risk Range is at extraordinary risk.
"Others" are getting it all together for the Early Fall Classic.
Extreme patience is required for the SELL, it will continue to
develop over time, blink and you'll miss it.
Financial Media continues to caution Bear Market Rally
without mentioning the extremes to which they can and
have occurred @ 10 - 21%.
This one will fail as well as PE's become even more distended
and detached from the collapsing NET's and forward Sales.
Summer has always been the time of year for Wall Street to
begin the next Grift, this one is no different.
Cyclically - 8 weeks from the Weekly Pivot for time lined up
perfectly within the 112 Week Cycle (111.8) with 2/3 weeks of
Wally World left to complete.
$2 Trillion in Pocket lining Stimmy for the "Others" and the
Assault Weapons (Rifle) debate on tap. Pelosi (CCP Ladyboy)
suggesting a visit to Taiwan is in order... A FED who appears to
prefer confusion and delay ahead of the Greater Collapse - all
the while destroying the Labor Markets, while Buffet and his
ilk prepare for Sharecropping the Sheeple.
__________________________________________________________
The Investment Establishment continues to maintain a balanced Portfolio
of Stocks and Bonds - 90% of the Industry.
Independents beg to differ, they believe avoidance is the optimal strategy.
Risk On versus Risk Aversion.
___________________________________________________________
Goldman Sachs predicted a 14% rise in Equities into 2008, December of
2007 it collapsed 36%.
Wall Street setting the expectations for Greed once again, but failing to
deliver sans a more massive wealth transfer - deliverance.
The 2 main reasons are quite simple:
1. Status Quo Bias - Unwillingness to accept the 10%, only the 90%.
2. Cognition Bias - Confirmation Bias that filters existing preconceptions.
______________________________________________________________
Numbers never lie, however, fudged they may be.
Lying is part and parcel of the Grift.
56% at minimum will come off the Indices in the first leg lower. It will head
far lower over the coming years exceeding the 4-year 90% cycle during the
Great Depression, this will be far greater.
Concentrations are trending further towards non-representation of Humanity
form every point on the Arrangement Curve.