NASDAQ 100 E-MINI FUTURES
Bearish September for EquitiesExpecting a Bearish September.
With the possibility of a higher Dollar, we are likely to see a pretty Bearish scenario in this month.
Still for now I am expecting a price rejection somewhere around 15555 for NQ.
Confirmation of this will set us up for a Bearish ride.
My initial target downside is 15060 Which I would expect to hit sometime between Wednesday-Thursday.
NASDAQ Bottom of the 2023 Channel but watch out if it breaks.The Nasdaq Index (NDX) has been basically trading sideways and around the 1D MA50 (blue trend-line) since September 07. This led the price to the bottom (Higher Lows trend-line) of the long-term Channel Up pattern that has been in effect since the December 29 2022 market bottom. The key Support trend-line has been the 1D MA100 (green trend-line) which has been holding since January 20.
As a result, this is the most optimal level to enter a buy (bottom of the Channel Up) and target Resistance 2 at 16570 (January 04 2022 High). If however the price breaks below the 1D MA100, we will take the loss and instead open a sell, targeting the 1.5 Fibonacci extension at 13900, on a potential contact with the 1D MA200 (orange trend-line).
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NASDAQ A WARNING OF A POSSIBLE CRASHhello traders i hope you had a profitable week , today we are taking a look at US100.
since the beginning of 2023 Nasdaq Started a Bullish Move from 10690s to 1590s.
Analysing the WEEKLY tf we can see that the buyers dominated the market which caused the price to form higher and higher highs and forming a BULLISH TREND LINE .
But it this summer it seems like the buyers are weakening since the price recently failed to form a higher high instead it broke market structure and formed a lower high.
The RSI indicator can confirm this statement as it indicates a Bearish divergence since the beginning of june (price forming higher highs on chart but lower highs in rsi).
indicating the strenght of the buyers is declining.
we can also spot A reversal pattern the DOUBLE TOP which also indicates this possible bearish reversal.
Here are our Bearish Clues :
- Break in Market structure
- DOUBLE TOP formed
- Bearish RSI signal
Confirmation : Break of the Bullish Trendline
Extra Confirmation : Break of the double top neckline.
i believe the market my start a strong bearish move that will push the price down atleast to the 14000s.
i post SETUPS and analysis for free on my trading view for FREE be sure to follow me to not miss out.
this is not financial advice just my humble opinion trade safe !
NQ1!, Rollover, OPEX and etc.Am I bullish or bearish while looking at this daily chart? The answer is neither. A lot had happened this past week: contract rollover, CPI, PPI, quadruple witching. It seems like trading was a mess and chaotic. Many gurus preached on FinTwit to stay away from the market and preserve the capital. I do see a value in those warnings. Especially, for those who are not comfortable with reading the price action or does not have a grasp on what price levels are important. Market action creates a lot of noise and may derail any professional. My approach is to go to a higher timeframe to filter out the noise and most important to focus on the important price levels.
A Fib retracement on the chart gives those projected levels to focus on. Here is my price action dissection: multiple attempts to get over the 61.8% have failed, the price is pushed back hard to retest the levels below. I added a new rectangle as the area of interest. I do not attempt to predict whether those level hold or not. I let the market to show that. In my view, the price is stuck in a large consolidation area since June, a few fake outs in August pushed the price back in the middle of that consolidation. Usually, the middle of a consolidation area is where the price oscillates while both sides make attempts to gain control and this is exactly what we see since the last week of August.
09/16/2023
NASDAQ gathering Calls before its next dropIf you have not seem my original idea on this movement I suggests you take a peak here is a quick visual on the Bearish idea..
With the potential for a TVC:DXY retest before possibly continuing to the upside. I would expect to see the very same inverse behavior in equities as well as forex.
Short term upwards movement-Monday, Tuesday -Target 15631
Rejection of area seeking for downside target.
Weekly Update: Strap-In and be PatientToday, we have clearly started our descent down to the low 4300 level. I have posted about this sort of move for a while now. This move to the 4300 level will not happen in a day, nor do I think it will reach my target by next week. However, I do think this will be the type of descent that will not allow for good short entries.
That day has come and gone.
We now track a pattern that is in the very initial stages of carving out a 5-wave structure towards the low 4300. I offer one thing of support to those who are already short. This is now an incomplete wave 1 and should finish today or Monday...but if you think this is swift and scary...wait for wave 3. LOL
Best to all,
Chris
🔥decided to make this particular post public, as a direct update to the last public midnight session (if you don't know what that is, you probably don't need to).
>i've shared both the bull and bear idea, and having the time to really observe the markets over the last couple of week including every possible factor which i could think of, i've gotta say - things really do look bullish.
70% of the whole market is short, which gives us incentive to squeeze higher, likely beyond anyone's greatest expectations. people are frightened for some reason, and jpow is ready to hike rates higher, which is bullish historically. the market will generally push up until jpow pivots, which he clearly told us at the jackson hole meeting that he is not going to do yet.
so i'ma bring up an old post of mine, one which really highlighted this situation nicely. if you are curious as to why any of this is even happening, i'd like to you read the original post:
have a nice evening.
what the actual fork? [nasdaq edition]good eve'
check out this beautiful pitchfork on the nasdaq.
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what i'm depicting here is a 2.618 expanded flat,
which is an expanded flat with an extension in one of the legs.
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these are usually designed to push bears out of the market due to high short interest.
unfortunately, what usually ends up happening is bears keep shorting, and the market keeps squeezing -
which results in these over-extended moves.
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Nasdaq100 US100 Bullish Goes to +23000 Triple Cup FormatiionI have many open and long positions in Nasdaq: See Chart I have marked my current positions and also future Entries....
Use lower TF only for long setups. Stop to listen to chats and Social Media to other so called Experts:If THEY really tade, whyy are they 99% of time wrong?
And someone who is for hours in the chats and yt ans social media, will never focus closely and seriously on trades. So stop listening to the scams,
Ok here we go. Watch the chart above. We are on Long bullish trend eekly minthly daily.:
Nowon lowertf you wanna take only Bullish trends.ONLY!
Stop going shorts:WHY? Cuz Beartrap. The speculators wanna take your money, so they gonna make you think its falling, crashing.
A correction is not a crash. Understand this. If you dont understand, then you are not a trader. Look for another busness oppurtunity.Trading ill be wring for ya.
So the market came down last week because of Gap filling.
You should understand the philosophy of the Gap filling.
Again stop listening to the scam out there, Do your home works. Analyse your mistakes of the last week.An breath.Relax.
Ok we have cup and handle. The current trend is bullish, the current pullback is natural and healthy, as I mentioned on my previouse NAsdaq analysis and trading ideas. Go there, read the updates and comments I put everyday below the charts,and studey them. My updates brings you money. Be thankful that I am commenting my ideas, you can only take benfit of it.
My Tading plans are based on logic,facts, charts, and objective. NO EGO NO EMOTIONS NO FEELINGS: Fundamentaly are bullish, summer volatility is down ,ut now rising, and the chart is bullish, it means now big traders coming back from holdiay and they will buy Nasdaq massively.Also during the summer pause the volume was extremely high. I have learned my trading by legends like Anton Kreil. If you dont kno who he is, search.... good.
Lower tF only to time for bullish setups.
Ignore bears, news. They all are old.Made by Market manipulators. Instead wake up and use Brain and logic.
Bullish Facts and Fundamentals:
Michigan Consumer Confidence Falls In August, But Beats Expectations: Declining Inflation, Resilient Job Market Key Factors
US Inflation Metrics Diverge, Complicating Outlook for Cooldown
Strong services costs lift US producer prices; inflation expectations dip
US stocks finished mixed on Friday, as investors were digesting fresh inflation data and assessing the future path of the Federal Reserves. The Dow Jones closed 105 points higher, supported by gains from Chevron (+2%) and Merck & Co (+1.8%). Meanwhile, the S&P 500 edged lower by 0.1% and the Nasdaq lost nearly 0.7% pulled down by a sell-off in shares of AMD (-2.4%), Nvidia (-3.6%) and Micron (-1.6%). Producer prices, which tracks the price wholesalers pay for raw goods, rose 0.3% on the month, raising bets the Fed will need to keep rates higher for longer. Yesterday, both headline and core consumer inflation came below forecasts, but remained well above the Fed's 2% target. At the same time, San Francisco President Mary Daly noted that the Fed has more work to do to bring inflation down. On the week, the Dow dipped 0.1%, while the S&P 500 lost 0.7% and the Nasdaq sank 1.8%, a second consecutive week of losses.
The Dow Jones attempted gains while the S&P 500 and the Nasdaq fell by 0.3% and 1%, respectively, after higher-than-expected producer inflation prints increased bets the Fed will need to keep rates higher for longer. Producer prices rose 0.3% on the month, led by a rebound in services cost. Yesterday, both headline and core consumer inflation came below forecasts, but remained well above the Fed's 2% target. At the same time, San Francisco President Mary Daly noted that the Fed has more work to do to bring inflation down. Traders now see a nearly 87% chance the central bank will leave interest rates steady next month, below 90% before the PPI release, and the odds for a 25bps hike in November have been rising this week and currently stand at about 29%. The tech and communication services sectors were the worst performers. On the week, the Dow is up 0.5% so far, while the S&P 500 lost 0.4% and the Nasdaq sank 2%, a second consecutive week of losses.
Aug 12
Comment:
Jul 24
Comment:
Dow Rises for 11th Session
The Dow Jones added nearly 100 points to book an 11th straight session of gains on Monday, with Chevron among the top performers (1.8%) after reporting better-than-expected earnings. Meanwhile, the S&P 500 was up about 0.3%, led by a nearly 1.5% gain for the energy sector, namely shares of Halliburton (2.5%), as oil prices touched a three-month high. On the other hand, the Nasdaq failed to hold early gains and was down about 0.2%, with Amazon (-1.2%) and Tesla (-0.7%) weighing. Investors brace for the Fed's monetary policy decision on Wednesday, with another 25bps increase in the fed funds rate already priced in, although traders will be looking for any clues on whether the Fed will stop the tightening cycle or believes further increases are still necessary. Meanwhile, the earnings season continues with about 40% of the Dow and 30% of the S&P 500 giving their financial updates during the week, including Alphabet, Meta Platforms, Microsoft, GE, 3M, General Motors, Boeing and Amazon.
US Private Sector Growth Slows to 5-Month Low
The S&P Global US Composite PMI declined to 52.0 in July 2023, down from 53.2 the previous month, as shown in a preliminary estimate. The latest reading indicated the softest pace of expansion in private sector business activity since February, with service activity growth easing to a five-month low, and manufacturing output levels remaining relatively unchanged. Total new orders rose the least since April, amid reports of constraints on client spending, including higher interest rates, while the rate of job creation was only marginal, marking the weakest level since January. On the price front, input prices increased the least since October 2020, while the rate of output charge inflation picked up as firms sought to pass through higher costs and increased interest rate payments to customers. Finally, business confidence dipped to the lowest level so far this year.
Jul 26
Comment:
masdaq bullish after FOMC , I bouht more nowmy target stays at 21000
Next FED meeting in nov. december is much more important..
Jul 26
Comment:
masdaq bullish after FOMC , I bouht more nowmy target stays at 21000
Next FED meeting in nov. december is much more important..
long dow jones long rty long indices and stocks
Jul 26
Comment:
masdaq bullish after FOMC , I bouht more nowmy target stays at 21000
Next FED meeting in nov. december is much more important..
long dow jones long rty long indices and stocks
Jul 27
Comment:
Trade open
Long
VIX DOWN DXY DOWN
The US economy grew 2.4% GDP in Q2
US Futures Extend Gains after Upbeat GDP Growth
US stock futures extended gains on Thursday, with contracts on the Dow Jones jumping about 170 points, S&P 500 gaining 0.9% and the Nasdaq 100 up 1.6% as investors cheered fresh data and corporate earnings results. The US economy grew 2.4% GDP in Q2, surpassing market expectations of 1.8% expansion in a sign the US economy remains resilient despite high-interest rates. Meanwhile, Meta Platforms surged about 10% in premarket trading after reporting strong earnings and profit and a better-than-expected forecast for the current period. Comcast jumped over 2.5% after earnings and revenue came higher than anticipated and McDonald's was up about 1.3% after sales topped forecasts. Mastercard was also in the green (0.6%) after delivering strong revenue and earnings growth. Intel, Ford and T-Mobile are due to report today after the closing bell.
US Initial Jobless Claims Fall to 5-Month Low
US GDP Grows at a Stronger 2.4%
Jul 28
Comment:
trade open looking for 15889 next...See the chart
delta bullish sentiment bullish
bearish moves can be cuased by BOJ comments that will manipulate US Yiels 10years..like it happened to usdyen yesterday...the marketmaker is robust and fighting back...
Watch closely us10y yield and boj. FED losing power...
Jul 31
Comment:
US Stocks on Track to End July More than 3% Higher
Aug 1
Comment:
Trade open, Inside Day, Correction probably(30%)to 15500 are(Zone)
Trend Bullish
I am still long and use oppurtunities to increase more longs
Trade with the Trend.
Aug 1
Comment:
Ok folks its becoming seriouse JOLTS Job Openings 42.6, ISM 46.4 not too bad...tommorrow ADP, then CPI and non farm payrol:We are in an Inside session. Possible pullbacks to the sweeps: 15631; 15554;15522;15400; BELOW 15400 resting sweep stops and extreme buy pressure.. Monitor 1 minute trend, use bullish setups only if reversal confirmed....
In case break up , we go to 16050,16250,16450
Aug 7
Comment:
Tradeplan 7.august to 11 Auust
wednesday Bond aution
Thurseday CPI
Trend Bullish
Drop pullback Buy at picadelli point(Picadelli August Buy points oly for my subscribers)
Buy2: pICADELI SUPPORT ZONE AT 15...
Buy 3zone Power buy at picadelu 15...
Profit taking at 1.....
Aug 8
Comment:
New Buy Signal
US Credit Card Markets Head Back to Normal after Pandemic Pause
Aug 10
Comment:
Nasdaq SP500 Dow Reversal
Trend up US 10-Year Treasury Auction Sees Decent Demand Despite Yield Under 4%
DCY down
Oil UP
Nasdaq Bullish
Dow Bullish
RTY Bullish
SP500 Bullish
Wait for CPI today. Possible Correction(I hope so that the makrket goes down first to 15000-14500) That is exactly the Gap Fill ,before Nasdaq Flies to 15850 and 16250 2nd Gap FILL)...So ge ready ,wait and watch closely the supports and resistances,better with Divergenes. In the chats and social media a lot of amateur traders are nervouse, becuz no trading experiences.So stop listening to them...Chats will cost you money. Instead relax,wait,have patience till we get the buy zones. Read comments above. I mentioned already Picadelli Points.
22 hours ago
Comment:
Trend bullish
cpi less than expected
pmi moderate expected
FED rates unchanged
DOUBLE BOTTOM
Stocha bullish again
delta bullish
Vuy at 1505-15250 zone
GAP filled
Bullish gap next to fill: 15850-19050
I bought massively at 15090 more nasdaqs
The same bias is relevant for RTY DO JONES and indices
6 hours ago
Comment:
Perfect!Gap filling i over. The bear tap wants you to jump into short selling before it rises higher..Avoide bear traps. I baought today more nasdaq at 1477514995 again. The market will go higher . Next week FOMC. Meeting. Fundamentals are bullish.Infalition going don.
Aug 12
Comment:
Next week, investors will eagerly follow the FOMC minutes release for additional insights into the Fed's plans for the remainder of the year. In the US, retail sales and industrial production will also be in the spotlight. Elsewhere, the upcoming week is poised to bring a flurry of significant economic releases, including China industrial production and retail sales; GDP and inflation for the Eurozone; Japan GDP growth and inflation; Germany economic sentiment; wholesale and consumer prices for India; inflation, unemployment and retail sales for the UK; Canada CPI; Australia unemployment data; and interest rate decisions from Norway, the Philippines and New Zealand.
Michigan Consumer Confidence Falls In August, But Beats Expectations: Declining Inflation, Resilient Job Market Key Factors
6 hours ago
Comment:
Perfect!Gap filling i over. The bear tap wants you to jump into short selling before it rises higher..Avoide bear traps. I baought today more nasdaq at 1477514995 again. The market will go higher . Next week FOMC. Meeting. Fundamentals are bullish.Infalition going don.
Next week, investors will eagerly follow the FOMC minutes release for additional insights into the Fed's plans for the remainder of the year. In the US, retail sales and industrial production will also be in the spotlight. Elsewhere, the upcoming week is poised to bring a flurry of significant economic releases, including China industrial production and retail sales; GDP and inflation for the Eurozone; Japan GDP growth and inflation; Germany economic sentiment; wholesale and consumer prices for India; inflation, unemployment and retail sales for the UK; Canada CPI; Australia unemployment data; and interest rate decisions from Norway, the Philippines and New Zealand.
Michigan Consumer Confidence Falls In August, But Beats Expectations: Declining Inflation, Resilient Job Market Key Factors
NQ1! BEARS ARE STRONG HERE|SHORT
Hello,Friends!
Previous week’s green candle means that for us the NQ1! pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 15523.75.
✅LIKE AND COMMENT MY IDEAS✅
Weekly Update: Next Stop 4312.25The rally off the August 18th lows is an overlapping mess that stands a high probability of concluding very soon, if not TODAY.
However, yesterday's CPI report market reaction marked a unique opportunity to remind followers, that markets are not linear. You can choose to look at the CPI report positively through a bullish or bearish lense. The reality was the pattern forming prior to the release was overlapping and signaled traders were uncommitted to higher or lower price action. In my trading room we debated the micro pattern the night before and, in the end, we had nothing constructive to the downside, nor the upside. Therefore, it really didn't matter what the report said, we had no micro pattern pointing us down. The upside was well contained within a larger counter trend rally and that was because we had no impulsive pattern up either.
I commented in my trading room, "Does anyone still feel markets are moved by news or events"?
A hotter than expected CPI discredits the narrative the Fed may be done raising rates. Therefore, one would expect the markets to sell off.
But the opposite happened.
You can choose to embrace any narrative you would like to explain that sort of price action. You can choose to invest or trade based on your personal perspectives…all of those buys and sells create a pattern. In reality, traders were telling us prior to the release...there was indecision about market direction and therefore we remained mired in this consolidation.
But I do think market participants will get the memo shortly. That’s because outside of the micro patterns, the larger patterns are telling us we have a meeting at 4312.25 regardless of your narrative, or perspective.
…and attendance is mandatory. See you all at the meeting.
Best to all,
Chris
NASDAQ: This is the buy signal you're looking for.Nasdaq is on a neutral 1D technical timeframe (RSI = 54.797, MACD = 35.170, ADX = 44.268) as it remains below the LH trendline within the 4H MA50 and 4H MA200. Only yesterday did it make a HL at the bottom of the short term Channel Up. We don't know if that will be enough to sustain this bullish trend but the price managed to close over the 4H MA100 again (holding since August 29th).
However if the price closes above the LH trendline it will confirm the bullish trend much like it did on August 23rd. The 4H is on a Bullish Cross so we will be ready to buy this breakout. The target will be the top of the Channel Up at a +5.56% maximum extension (TP = 16,000).
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NASDAQ One last Falling Resistance to break.Nasdaq / US100 continues to trade inside the Channel Up from the start of the year.
It has one last Resistance to cross and that is the Falling Resistance of the July 19th High.
As mentioned previously, this continues to be an identical price action to February / March.
You may take a confirmed sell, once the Falling Resistance breaks and target 16250 (Fibonacci 1.236).
Previous chart:
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NASDAQ 4H Buy signal within the Channel Up.Nasdaq (NDX) is breaking above the 4H MA50 (blue trend-line) again following a Bullish Cross on the 4H MACD and it needs a 4H candle closing above it in order to confirm the continuation of this bullish move.
If confirmed, it will technically be the extension of the new bullish leg of the short-term Channel Up towards its top (Higher Highs trend-line). As you can see, both previous bullish legs have started right before a 4H MACD Bullish Cross and since the price already bottomed on the Higher Lows trend-line and the 4H MA100 (green trend-line), we have a strong mix for a buy signal, which is just waiting for the above mentioned confirmation. Our target is Resistance 1 at 15930, which will be a +5.30% rise from the bottom, similar to the previous two.
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NQ1! 9/10/23 Supply and Demand LevelsLink to chart: www.tradingview.com
Heavy news this upcoming week and the rollover for Futures contracts on 9/13.
CPI falls on 9/13 as well, so prepare your charts accordingly!
Given the rate we are at for inflation and the housing market supply/demand, I am preparing for either a push to break this wall of resistance we have been facing the past few weeks (pink line) or a break of the blue trend line below.
EOW Targets:
BULLS 15730-830 or 16000
BEARS 14800 or 14990-15100
If you zoom out and look at the HTF (4HR), we have a possible head and shoulder from June to today. We also see constant support off the blue trendline for that continuation to the upside to reach the head. It's a waiting game, let's be patient to find out what happens this week!