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NQ

NQ - 15 Minute ALGO Drop / Globex Thru Tuesday - DisInflation QMaterials Flow must-see Prices fall in order to clear. There's just one larger issue. Weakening Manufacturing and weakening Demand. Consumer Demand was artificially propped due to the a number of misinformation(s). Allocations, Panic demand, Mis-Allocations - a complete and total Sh_t Mix. Ramping up production as Savings, Investment, and Incomes are within a steep decline, Risky Business. Slowing congestion in spot rates is endemic to misallocations. Surplus Stocks and Low Demand... will resolve in time. @ present, holding flows for higher prices isn't going to work. Prices clear on levels, regardless of the interventions. Why? Costs. Ultimately, manufacturers will reign in production, leading to greater shortages later this year and next. This basic concept applies to all goods and services. Short-term - misinformation. Long Term, Supply constraints due to reductions in Manu and CapEx. ____________________________________________________________ How the Media and Wall Street manage the narrative... simple, the peak inflation communique will limp along for a short period of time. The larger disruptions and declines in everything are ahead. For now, be on guard for one of two events short term in the July 6/8 timeframe. A near Waterfall decline OR a larger Retracemnet into an even greater decline. This week will be very important. Trade safe and prosperity in your trading.
CME_MINI:NQ1!
by HK_L61
Nasdaq 100 - Headed to new lowsJust 24 hours ago, we turned again bearish on the Nasdaq 100 index, which was quickly followed by a selloff of more than 3%. We also set price targets for NQ1! at 11 500 USD and 11 000 USD. We maintain those price targets as we remain bearish on the U.S. economy. That is because we think more rate hikes and economic tightening will drag the stock market to new lows. Additionally, the next wave of selling will likely experience even faster acceleration than the previous one; therefore, we voice caution for investors. We will monitor the volatility for more clues; ideally, we would like to see a bounce up above 30 USD. Illustration 1.01 Yesterday, we pointed to the retracement (toward the 20-day SMA) shown above. We noted that this retracement acted as a natural correction of a downtrend and the selling pressure was likely to resume soon. Moving averages continue to indicate the downtrend. Technical analysis - daily time frame RSI is neutral/slightly bearish. Stochastic turned bearish again. MACD is turning bearish too. DM+ and DM- performed bearish crossover. Overall, the daily time frame is bearish. Illustration 1.02 The picture above shows simple support and resistance levels for NQ1!. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame stays bearish. 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.
CME_MINI:NQ1!Short
by Tradersweekly
10
Nasdaq 100 - A fake rally or a genuine one? On 21st June 2022, we abandoned our short-term bearish bias on the Nasdaq 100 index. Since then, the index has grown approximately 8%. However, we are again slowly turning bearish on the index as we think the current pricing starts to be attractive for short trade (re)entry. Despite that, we remain cautious and abstain from setting a price target for NQ1!. We will monitor the ability of NQ1! to stay above/below its 20-day SMA. Fundamental factors The negative factors like higher interest rates and economic tightening continue to persist. Moreover, in our opinion, these factors are poised to worsen as the FED officials are set to pursue more rate hikes and shrink the balance sheet. As a result, we expect that to drag the Nasdaq 100 index lower. Illustration 1.01 The price retraced toward its 20-day SMA, representing a downtrend correction. Technical analysis - daily time frame RSI, MACD, and Stochastic are bullish. DM+ and DM- performed a bullish crossover. The ADX contains a relatively low value, suggesting the trend is very weak or neutral. Overall, the daily time frame is bullish. Illustration 1.02 Illustration 1.02 shows simple support and resistance levels for NQ1!. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame stays bearish. 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.
CME_MINI:NQ1!Short
by Tradersweekly
11
NQ - Defensive Rotation ahead of JerryTech continues to be sold on every CT on the Micro TF. Yesterday - Healthcare, Energy, and Utilities were Bid. The remaining Sectors saw outflows towards X-HEU's. _____________________________________________________ SSO's for APPL TSLA AMZN NVDA META NIO AMD MSFT were heavily bod for Calls. The underlying Gamma Squeeze has 4 Days to perform. NQ, on balance, remains in SloMo mode after Friday's Run & Gun Momo squeeze. NQ VX remains elevated, although that will not stop Wall Street from keying off Jerry. Currently, the FBS should see $*B added to the Fed's Balance Sheet tomorrow after the continuing carnage in Bonds. By July's end... it should be apparent the FED, short of QE is barely able to prop the Junk Co effectively. Something's going to give, perhaps we find out tomorrow. __________________________________________________________________ TUESDAY, JUNE 28 8 am Richmond Fed President Tom Barkin speaks 8:30 am Trade in goods (advance) May -- -$105.9 billion 9 am S&P Case-Shiller U.S. home price index (year-over-year) April -- 20.6% 10 am Consumer confidence index June 100.0 106.4 12:30 pm San Francisco Fed President Mary Daly speaks WEDNESDAY, JUNE 29 8:30 am Gross domestic product revision (SAAR) Q1 -1.5% -1.5% 8:30 am Final domestic demand revision (SAAR) Q1 -- 2.7% 8:30 am Gross domestic income revision (SAAR) Q1 -- 2.1% 9 am Federal Reserve Chair Jerome Powell, ECB President Christine Lagarde, Bank of England President Andrew Bailey and BIS head Augustin Carstens speak at ECB conference 11:30 am Cleveland Fed President Loretta Mester speaks at ECB conference 1:05 pm St. Louis Fed President James Bullard gives opening remarks
CME_MINI:NQ1!
by HK_L61
MBS - The Darkest end of the PoolBravo TV, off again by over a Trillion, no mention of the Junk Co sitting on Primaries @ $50 they cannot unload. FED MBS is $2.7 Trillion. Commercial Banks hold $3.13 Trillion in MBS. Get it together. ____________________________________________ NO BID is the current arrangement, 30 Year Mortgages up from 3 to 6%. The Fed's average Maturity is 7.1 Years, they'll be bagging these for some time and in order to bail out the primaries they'll have to suck up more. OR they can crash the Bond Markets. They'll attempt to run it off, but they own 28.2% of all Mortgages. The Bond Market is performing the FED's work, cuz the punks at the FED have no intention of powering in QT., rather, much further instability and dislocation Risk. ______________________________________________ THE FED IS TARGETING STOCKS for a reason... Thye need a Inverse Wealth Effect and are winning on that front. Much more to come... FSR is a 50% reduction @ 8K NQ and 2.4K ES. ______________________________________________ Growth, Payrolls, Retails Sales? Fight Inflation? Give us 75 to 100 in July. Bring down Equities to targets and transfer the Wealth. Far and away the easiest "Target" is the Market for Stocks.
FRED:MBST
by HK_L61
4
NQ - Daily 3 / 5 / 8 / 13 / 21 EMAsGive us the TOSS, please. We want to SELL this Junk Co. NQ performing like one of those captive Orca. Eating Training Wheel Trainers. It's post Solstice, the seasonals are weaker than Wet Napkins @ Taco Bell, but the DG's want to join the Chase. Although they remain non-plussed so far. Beaten with the Ugly Stick time after time will instill Fear. A couple of weeks, it's over again as Q2 EPS will be the biggest disaster YTD. Is Apple gonna beat? Is Tesla gonna have another blowout Quarter? Last time Eron lied his ass off, Tesla was halved... Couldn't happen to a bigger CON.
CME_MINI:NQ1!
by HK_L61
8