NQ1! SHORT FROM RESISTANCE
Hello,Friends!
NQ1! is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 17654.00.
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NASDAQ 100 E-MINI FUTURES
Technicals On Crude Post FOMCWednesday we saw Crude make a nice substantial move downwards as the previous forecasts have shown.
A large range day isnt normally followed by another day with a extremely large range and you can think of it like a runner running 800meters and couples minutes later having to run another race shortly after... energy needs to be recouped.
I am staying bearish and would like to see the Daily FVG and PDL liquidity taken and Daily FVG to be filled/spiked to.
30min fvg CE aligns with Daily ifvg which I believe should hold price lower.
Watch these levels post NY open.
AAPL:A Bearish Reversal Looms with Potential Downside of -9.22%?Hi Realistic Traders, let's delve into the technical analysis of NASDAQ:AAPL !
On the Daily timeframe, we've spotted a significant double-top pattern , suggesting a potential bearish reversal if the neckline is breached. Also, the price has fallen below the EMA200 line, indicating ongoing selling pressure. Despite two attempts, it hasn't managed to break above the EMA200 line, indicating strong resistance. This resistance could lead to a potential downturn in Apple's stock. Recently, there was a breakout below the neckline, confirming the bearish trend. Furthermore, MACD is showing bearish divergence in the negative zone, supporting the idea of a downward movement towards our target at 149.55."
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on AAPL."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Prep and Lean ES/NQ/SPX Wednesday ES Trade Plan
Inflection: 5095
Upper lvls: 5115 / 5127 / 5137
Aggressive Inflection: 5076
Lower lvls: 5052-5056 / 5030-5038 / 5005
NQ Trade Plan
Inflection: 17628
Upper lvls: 17660 / 17776 / 17818-17838 / 17901-17937
Lower lvls: 17507 / 17356-17370 / 17283-17293 / 17163
SPX Pivot 5036
Stay Frosty!
NASDAQ One final dip left before it bottoms?Nasdaq (NDX) started the week on a bearish not and is correcting the last 1W candle, only a few hours left before the Fed Rate Decision. This is fundamentally the game changer for stocks, any hint towards cuts in the near future should have a strong positive effect on the markets.
Technically though, the long-term Channel Up pattern that started on the December 2022 Low has a base bottom on the 1D MA200 (red trend-line) - 1W MA50 (blue trend-line) Zone. In fact, both corrections/ Bearish Legs of the pattern, hit at least the 0.382 Fibonacci retracement level before finding Support and reversing upwards.
The 0.382 Fib is currently at 16800, any negative remarks during Powell's press conference can quickly and effortlessly hit that level. Even the 1W RSI suggests that we might be on a Lower High similar to the week of October 09 2023.
Whatever the outcome, those are levels good enough to buy for the long-term as the upside potential is significant and our personal Target is 20500 (top of the Channel Up).
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NQ1! BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
NQ1! is making a bullish rebound on the 9H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 17048.25 level.
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All you should Know about Nasdaq (ICT)In fundamental analysis, we observe a market surge following a liquidity uptake beyond the all-time high, marking a new peak in NQ. However, inflation rates indicate that the Federal Reserve is hesitant to reduce interest rates. Even with a 5% interest rate, inflation is on the rise again. This suggests that the Fed may abandon the idea of lowering interest rates and maintain them at 5% until the year's end.
Nevertheless, last week witnessed positive outcomes from companies such as Tesla, Microsoft, and Google, which revitalized market sentiment and led to a resurgence. However, concerns linger regarding the possibility of the Fed raising interest rates by half point, which could pose challenges for the market.
In technical analysis, we observe the price targeting the sell side for Tuesday, February 30th, 2024, retracing to the gap on Monday, April 15th, 2024, above the equilibrium and within the premium, allowing new sellers to enter. The next target is the order block from Tuesday, January 16th, 2024.
More possible downside for NQPrice has moved for ERL(ATH) to IRL(Weekly Bullish OB) which created a MSS on the weekly time frame.
Price has retraced nicely off of the Weekly OB and is now entering premium of the current dealing range on the daily
- This week we will not trade on Monday as there is no news and will be expecting accumulation.
- If market sentiment has truly shifted I am expecting to see Monday accumulation, Tuesday to create the high of the week into that daily FVG, and then expansion lower to reach for previous weeks low.
- If that Daily FVG is violated I’ll be expecting ATH again.
Nasdaq: Support? Check! ✅The support at 17,372 points seems to be holding: Yesterday, the Nasdaq touched down on the red line once again, but immediately used it as a springboard for a further upward swing. This is good news for our primary scenario, as there is still a long way to go until the top of the magenta wave (i) is reached. If the Nasdaq continues to defend the 17,372-points mark so bravely, it will keep its distance from our (45% likely) alternative scenario of a new wave-alt.(ii) low in the blue Target Zone (coordinates: 16,424 – 15,118 points).
Forecasted to Reach New All-Time High with +14% Upside PotentialHi Realistic Traders, let's delve into the technical analysis of NASDAQ:GOOG
Google has rebounded three times on the EMA200 Line with upward impulsive movement, indicating a continuation of the bullish trend. Additionally, it has formed a bullish chart pattern known as a falling wedge pattern. In March 2024, it broke out of the falling wedge pattern with a bullish full-body candlestick and higher-than-average 7-day trading volume . This higher-than-average trading volume is significant as it suggests increased market participation and conviction behind the price movement, reinforcing the validity of the breakout. Moreover, the MACD has made a bullish crossover, signifying a shift towards upward momentum. A bullish crossover in the MACD is a crucial signal in technical analysis, indicating a potential reversal from bearish to bullish sentiment. This occurrence is significant as it suggests strengthening buying pressure, often foreshadowing further upward movement in the price. Analyzing these technical factors, we forecast a potential upward movement to our designated target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on GOOG."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Nasdaq Analysis: Fibonacci Retracement and RSI DivergenceThe Nasdaq has reached an intriguing point around the 17200 area, where it sits at the 61.8% Fibonacci retracement level from the previous swing low. Price action appears to be responding to this level on lower timeframes, and we've also observed a divergence on the RSI indicator on the H4 timeframe, coinciding with the price attempting to move out of oversold conditions. We are considering a scalp position with a potential take profit at the 38.2% Fibonacci level, and possibly at the Point of Control (POC) Volume for an extended take profit.
NASDAQ Relief rally to 18000 ahead?Nasdaq (NDX) finally hit yesterday our long-term bearish Target (17130), which we called a while ago (March 12, see chart below) but was postponed due to the Double Top formation:
The index is now on a mixed sentiment as even though it is on a correction sequence below the 1D MA100 (green trend-line), the 1D RSI hit the 30.00 oversold limit as this Bearish Leg almost completed a -8.50% decline.
During the previous Bearish Leg of the multi-month Channel Up pattern, the index had a relief rally towards the 0.786 Fib, after an initial -8.50% decline. We can see that this took place on the 0.3 Fib (blue) from the top.
As a result we expect a short-term (at least) bounce to 18000. As long as the index doesn't break above the (blue) Channel Down and in particularly close a 1D candle above the 0.786 Fib (18150), we can expect a Lower Low after this relief rally. If it does close above it, we will resume most likely the long-term bullish trend earlier and we will update our position.
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Nasdaq 4h Daily Commentary
"#Nasdaq : On the 4-hour chart, there's a clear indication that the price continues to move downwards. If we are bearish, I expect to see the price fill the liquidity gap and then break the previous low, directing the liquidity in Tue 16 Orderblock. However, if we break the last bearish defense in the chart, it will lead us to anticipate a rally upwards. I will provide daily updates on the 4-hour charts. If you have any questions or something you would like me to include in my analysis tomorrow, please leave it in the comment section below.
Good luck to everyone in their trading endeavors!"
$SPX over perform NQ | Shift towards valueBeen tracking this one for weeks now as we've formed a bottom and reclaimed support.
We think across markets, we're seeing a macro shift away from speculative tech and towards value. TVC:SXXP (European SPX) could be forming a bottom vs SPX as well.
What this over performance could look like remains to be seen. Could be more defensive in a downward move or if we catch support, it could be over performance to the upside.
Regardless, the real message here is the shift away from US tech for the foreseeable future.
Finally breaking through to bull side RSI on the weekly and AO flipping bullish.
not touching NQ for a good while.
Something to note is the original support bottom on this chart was the Nov '21 top across markets and Jan '23 was market bottom.
NQ1! SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
NQ1! pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 17886.00 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Nasdaq Weekly Analysis Sure, here's the corrected text:
We see the price bouncing from Mon 10 OCT '22 after a year and a half of bearish market and going directly to retest the all-time high on Mon 22 Nov '21 again by MON 22 JAN '24. However, it starts to move towards a new all-time high, but with limited liquidity hindering further price increase. We've already witnessed a significant bullish move, and it's time for the market to correct itself. We've observed a weekly candle breaking the market structure forcefully towards the order block from Tue 02 Jan '24 and breaking the 50% retracement level from Mon 23 Oct '23 low to the all-time high. We anticipate the price to continue being bearish to shake out buyers and accumulate new liquidity if we aim to reach a new all-time high.
Our focal point in the NASDAQ for the 2Q is the breaker from Mon 24 Jul above the 50% Fibonacci level of the bullish leg and between 0.6/0.7 of the Fibonacci level to turn bullish. Breaking Mon 23 Oct '23 liquidity support would put us in a significantly bearish condition.
SELL NASDAQAs you can see on the chart,
The market has depleted all the buyers power in the last up move (as shown on the chart) and got overtaken by the sellers.
Now we'll wait for the market to go up to our Selling zone at 17369.62, SL and TP as sat on the chart.
For further questions doon't hesitate to ask!