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NASDAQ 100 E-MINI FUTURES

NASDAQ/QQQ Took Support at Predicted Support AreaNASDAQ 100 ( CME_MINI:NQ1! ) took Support at the area suggested in my previous Idea Post (see attached). For further confirmation we will wait to see if it holds above the 50 day EMA on Daily Time Frame. It is currently above the 50 day EMA in the Pre-market session on Tuesday. If the Confirmation is achieved today, then we will look for another rally up to the Resistance Area from where the pullback started. Possible catalyst for this rally could be NASDAQ:NVDA 's earning Tomorrow AH, or J. Powell's speech at the Jackson Hole Conference on the 25th. It is important to note that the market is still top heavy and favorable Macro environment is necessary for an uptrend.
CME_MINI:NQ1!Long
by Trading-Economist
1
NQ1! NAS100USD NASDAQ 2023 AUG 20NQ1! NAS100USD NASDAQ 2023 AUG 20 Scenario 2 short yielded handsome profit if you had followed 07 Aug's analysis. 18 Aug's bar showed some demand. CME_MINI:NQ1! Possible scenario: 1) Continued short opportunity if market test downward trendline and is rejected 2) Market tests breakdown area 15138-15511 (yellow box), and is rejected = short Price Reaction Levels Short on Test and reject | Long on Test and Accept 16029 15524 15138 14638 *Longer term: 13350 needs to be supported for long trend to be intact. Price/Volume/Trend Analysis: Weekly: NTC Ave vol down bar, close off low (some demand) Daily: Ave vol down bar | ENR | SOT | DOWNTREND *NTC = Non-Trend Changing | PTC: Potential Trend Changing Like and follow if you find this useful | *For education purpose only. Have a profitable trading week.
CME_MINI:NQ1!
by paradox677
A Generational Mean Reversion is now UnderwayLast week I posted my long-term perspective of the SPX cash market from inception . This is the reverse of that. I am not an economist. I'm a pattern analyst and trader. Nonetheless, as a student of the economy, I find that rarely do fundamentals align with a technical forecast. I try to encourage my members to abstain from applying linear thinking to trading the markets. Case in point was the recent release of the CPI report. Prior to the release of that report CNBC contributor, Fundstrat Partner and America's favorite perma bull, Tom Lee, was quoted as saying... "Investors should expect a "sizable rally" in the stock market following the Thursday release of the July CPI report", according to Fundstrat's Tom lee. Post CPI release, the report was fairly in line with expectations, but the market sold off, and continued to sell off. There was no massive stock market rally post CPI release. How did that make sense? It's easy to proclaim bullish calls since the last 90 years in the stock market has been pretty much a 45-degree angle up from left to right on a chart. Statically, being bullish was good for business, attracts new clients, and no one likes a pessimist. The time horizons of the two financial disciplines (Fundamental vs. Technical) are typically not aligned... unless those time horizons are long... very long . A long time horizon doesn't suit traders, they suit investors. But the more I delve into long term charts, the more I reflect on how this affects me, my family, and the generations to come. I have shared my longer term perspective on the SP500 with my followers many times. I rarely, if ever, look at bonds. I don't trade them, and in terms of making a paycheck, my time is better spent elsewhere. Except this morning I decided to look at the 10-year bond yield. To me it's just another data point supporting my overall thesis that the markets are beginning a super cycle event that will play out over the course of the next couple decades. On a recent conference call with members, I remarked that I received a direct message from a member who complained I was too bearish. I then apologized to attendees on the call because it is not within my nature to be pessimistic, or someone mired in doom and gloom. Shout out to Nouriel Roubini . But I concluded by showing my 150-year analysis of the SPX cash market on my screen via Zoom and concluded, "Unfortunately for the duration of the time you will ever know me, I will be bearish". The above chart is a typical pattern that will play out. I cannot over emphasize that the pathway outlined above is run of the mill. Nothing about the above should shock any technician. This would be the same pattern outcome on any financial instrument given the above price action...it just happens to be the 10y bond yield. But my foray into the 10y bond yield chart has me thinking the following answers apply to the below questions. Will mortgage rates come down in the short term so I can buy a house? The chart above suggests in the intermediate term, yields will continue to rise into early to mid-2024 before retreating somewhat. However, if my analysis is correct...the areas of where they are now are going to be areas of short term mean reversion back up. It is from our current rate, that all subsequent yield rises will draw support from. So, my response to that question is, the time to buy a home will not be much better than right now in my life-time...it will only get incrementally less efficient to hold such a long-term loan. With $5-6 trillion in money market funds (so called on the "Sidelines") how could the stock market decline by much with so much money available to potentially prop it up? The above chart tells me the competition for cash and cash equivalents on a risk adjusted basis has not been this disadvantaged towards the stock market since the financial crisis of 2008. In my opinion, that disadvantage will only incrementally get worst. Cash will not be deployed into stocks like generations before based on competition and the risk associated. P/E ratios, book value...none of that is front and center as it pertains to those trillions of dollars. Cash being deployed now will always be gauging the associated risk/reward. That factor makes this different from all other equity market downturns. Although so much of what I am uncovering manifests itself into our daily lives over the course of years and decades, and not weeks and months...therefore, we’re more likely to embrace apathy vs panic. Nonetheless, I do view many markets through the lenses of long term mean reversion. I am still evaluating how that perspective can best be converted into action for long term benefit. I’m optimistic I have some time…(see I’m not entirely negative). Best to all, Chris
TVC:US10Y
by maikisch
NQ1!, Technical BreachAs of now, a technical breach of the upside channel and the H&S neckline. It seems the price is trending lower to tag the quarterly pivot. I anticipate a bounce to back test the broken structure. Usually, structural changes are back tested multiple time before the loosing side gives up and let the continuation to proceed. The last point of demand, June consolidation, is a potential liquidity provider to feed attempts to get back into the channel. If that happens it may lead to a violent short squeeze. 8/19/2023
CME_MINI:NQ1!
by SviCapital
1
NQ1! Will Grow! Long! Here is our detailed technical review for NQ1!. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 14742.75. Considering the today's price action, probabilities will be high to see a movement to 15207.50. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
CME_MINI:NQ1!Long
by SignalProvider
10
NQ1! Trading Opportunity! BUY! My dear friends , NQ1! looks like it will make a good move, and here are the details: The asset is approaching an important pivot point 14750.00 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 15002.00 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
CME_MINI:NQ1!Long
by AnabelSignals
9
NQ1! Supply and Demand Levels 8/18/23Link to Chart: www.tradingview.com Ending the week bearish. Michael Burry secured a solid gain from his Put contracts haha! Looking at the chart from higher timeframes, you can see we are possibly reaching levels of support soon. However, I anticipate if we have bad news to come we can easily break through support as we had done this past week. Previous strong levels of demand did not hold and we saw a flush through the 1hr downtrend line. 14260-14340 zone looks interesting for a strong bounce play, but not looking for any specific targets at this time. Just wanted to share what my chart looks like at this time of post. Hope you are doing well!
CME_MINI:NQ1!
by tradeswithjess
NASDAQ 1W MACD Bearish Cross causing this correction.Nasdaq (US100) completed this week the first MACD Bearish Cross since September 2022 and is the leading technical cause behind the recent two week correction. The 1D RSI got rejection on the exact same level as August 24 2020, which was prior to a similar MACD Bearish Cross that corrected almost as low as the 1D MA100 (red trend-line). As a result, it is possible to see another 1-2 week selling extension, before this (much needed) technical correction is over. We will be ready to give the buy signal for a long position that will eventually target the 16770 All Time High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Short
by TradingShot
1
Support at 15300 and then retest 15900?We rejected 15900 level and had a massive sell off yesterday! We have a strong Buy zone around 15300 and I am expecting a bounce of that level and then retest 15900 level. Overall we have a strong bullish trend on daily timeframe and this looks like a healthy pull back. I would still like to see price in the green buy zone. Entry : 15300-15350 Stop loss: 15200 (I would like to see a 2hr candle below this level) First Target: 15600 Final Target: 15900 Please let me know your thoughts. Happy trading!
CAPITALCOM:US100Long
by AS_Futures_FX