NASDAQ: Entering a consolidation zone.Nasdaq got rejected again on the 4H MA50 and as the 4H timeframe turned neutral (RSI = 49.851, MACD = -15.090, ADX = 34.425), it is highly likely to see the index entering a consolidation/ accumulation phase similar to April's and June's. Depending on its length, it may even create a new, less aggressive Channel Up.
The key for the uptrend to be maintained is to hold first the 4H MA200 and second the 1D MA50. We will buy once the price hits the bottom of the Channel Up and target its top (TP = 16,400).
Prior idea:
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NASDAQ 100 E-MINI FUTURES
NASDAQ Is starting the final bullish wave to the All Time High.Nasdaq / US100 continues to trade inside the Channel Up pattern of the last 6 months.
The price is staging a rebound just over the 15280 former Resistance and if it holds, that will be the final phase of the bullish leg that aims at a new Higher High of the Channel Up and will inevitably challenge the All Time High at 16790.
The last two rallies achieved runs of 13.40%-13.80%.
As long as the 1day MA50 supports, which is now exactly at the bottom of the Channel Up, keep buying and target 16700.
Another strong buy indication is the 1day RSI hitting (and holding) the Rising Support.
Previous chart:
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US100 short term short potential tradeLooks like we still have some downside potential on US100. Today we failed to break the red sell zone. Looking for a further downside move tomorrow.
Entry - 15447
Stoploss - 15500 (I would like to see a 30 min candle to close above that red box)
First Target - 15390
Final Target - 15300
Let me know your thoughts. Happy trading!
NQ1! Supply and Demand LevelHello everyone! Huge news week ahead!
Trying out a new theme style for my charts and candles. Going to trial this for a few days-week to see if it is more appealing and easier to read as I trade.
Going into NY session, I am keeping open to this break above the trend line for a possible descending triangle. I would like to use the bottom demand zones as a pop up layer to get through the above 2-4HR supply zones. With the news releases I feel like we might have large momentum in either direction. Hoping I do not encounter any issues with my platform!
EOW Targets
BULLS: 15753 by the 45M inside zone looks interesting.
BEARS: 15360 by the 3HR zone and pivot target looks interesting.
NQ Weekly Lower High?If you remember from back in October 22' - The economic news media was on full panic mode. If you only listened to them, you would have been closing positions and preparing for more downside. Smart money did the opposite at that time. 1-5 Elliot Wave is something I had posted during the Oct 22' lows, expecting large demand at those levels.
Now we are almost a year into the future, and about 40% higher from the lows created last year. The economic news media is calling for ATH's, soft landings and it seems hard to believe. Another interest rate hike is right around the corner on Wednesday with 98% certainty, along with mega cap tech stocks earnings.
Do we form a lower high? Not sure, but it would really start to look good for people selling options moving into the bloody months of Sept and August. A move lower from these levels is starting to get more and more probable, and at some point, every bear is right. I am not a perma bear, I just believe that some mega cap stocks (NVDA) are completely disconnected from reality and a correction to some big names could leak into other tech stocks. Be prepared, and good luck.
Thanks,
Futures on BTC and S&P500: The ratio you should considerThe main chart is the ratio between Futures on BTC and S&P500
👉 Bitcoin CME Futures contracts are equal to 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
👉 E-mini S&P500 Futures contracts are equal to 50 x S&P500 Index
Special remarks
😀 The Support Area and Resistance Areas are as highlighted on the chart.
😊 Since Bitcoin CME Futures were launched in Dec, 2017, S&P500 outperforms BTC to nowadays.
😁 Bitcoin has NO BALANCE SHEET, EARNGINS AND NEVER PAY DIVIDENDS
A Break above 14020 Could change The big SidewaysThe number of Americans filing for unemployment benefits fell to 242 thousand in the week ending May 13th, down from an 18-month high of 264 thousand and below market expectations of 254 thousand. The latest reading indicated the labor market in the United States remains relatively tight, potentially leading to upward pressure on wages and providing the Federal Reserve with an opportunity to implement further interest rate hikes in its efforts to combat inflation.
The Philadelphia Fed Manufacturing Index in the US increased to -10.4 in May of 2023 from a nearly three-year low of -31.3 in April, and better than market forecasts of -19.8. General manufacturing activity in Philadelphia continued to decline overall but at at the slowest pace in four months. New orders (-8.9 vs -22.7) and shipments (-4.7 vs -7.3) rose from last month but remained negative while employment declined (-8.6 vs -0.2). The price indexes remained below long-run averages, with the prices received index declining further (-7 vs -3.3) The survey’s future indexes continued to reflect muted expectations for growth (-10.3 vs -1.5), with almost
37% of the firms expecting a decrease in activity over the next six months.
US futures were mixed on Thursday, with contracts on the Dow Jones down nearly 30 points while both the S&P 500 and the Nasdaq were above the flatline. Shares of Walmart were up 1.7% in premarket trading after the retailer raised its full-year forecast and earnings topped forecasts. At the same time, traders become increasingly optimistic the debt ceiling standoff would soon be solved and the US will avoid a default. Also, regional banks are also expected to extend gains when markets open. However, the latest data showed weekly claims fell more-than-expected last week, triggering fears of more Fed interest rate hikes.
NQ1!, Retest of the BreakoutA pullback to retest the breakout of the multi-day consolidation is coming. This is an important area to watch. A potential outcome is to resume the upside move or retest the bottom of the consolidation and start to form the right shoulder of H&S. I anticipate to see a reaction first. A strong move down side would suggest the H&S scenario. The sentiment remains bullish, a pullback is expected to be bought.
There is no change in the narrative to say otherwise. One can't trade leaving in the fear of a black swan event.
07/23/2023
NASDAQ Buy after a confirmed MACD Bullish CrossNasdaq crossed under the MA50 (4h) for the first time in 10 days and looks to complete a technical correction inside the long term Channel Up.
There is a Rising Support, marginally over the MA200 (4h) and near the bottom of the Channel Up to consider as buy entry.
However the recent price action has shown that the lower risk buy entries have been after the MACD (4h) made a Bullish Cross.
Trading Plan:
1. Buy when the MACD (4h) forms a Bullish Cross.
Targets:
1. 15935 (recent High).
Tips:
1. The index is overbought on the (1w) timeframe so a stronger correction (e.g. MA50 1d) is plausible. Apply tight risk management to your buys.
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NQ1! Shallow Pullback So farA downside move yesterday looks like the beginning of something big. It might be. But that would be a pure speculation. Larger TF (weekly, monthly) charts show a strong bullish sentiment. There is a rebalancing of the NASDAQ going on to reduce the impact of the magnificent seven mega tech companies. The new distribution will be announced today after the bell. It may be the reason for that "correction". Nevertheless, I expect to see more consolidation at the top before any sign of a potential distribution leading to a structural damage of the upside channel. Until then, it makes sense to look for longs.
07/21/2023
End Game Is Here - 2040 Debt Death Spiral Deadline? Try 2025.Great projections coming out of the government giving us till about 2040 for a complete hyperinflation collapse of the US Dollar system.
2040 is a great year and yes they actually posted this data to the public.
But I'm a little confused why is debt / interest / and markets starting to go parabolic in 2023 and not 2040?
If they say the deadline is 2040, the deadline is 2025.
End Game Is Here --
SPY - NIKKEI225 - We're In The Great Depression + INCOME DATA
Problem with monetary fiscal policy and debasement? your markets start to hyperinflation especially when you try to patch previous bubbles *cough* QT *cough* BTFP *cough*
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
The average net yearly income of Americans during 1930 was $4,887.01
Unemployment Rate (UNRATE) 8.7%
AFTER TAX - $4,788
$4,788 in 1930 is worth $87,476.76 today
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
The average net yearly income of Americans during 1933 was $4,218.40
Unemployment Rate (UNRATE) 24.9%
AFTER TAX - $4,045
$4,045 in 1933 is worth $94,935.84 today
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
The average net yearly income of Americans during 2023 $74,738.
Unemployment Rate (UNRATE) 3.6%
AFTER TAX - $57,237
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
CONCLUSION - The average American is 65.83% poorer than the average American during the great depression. Debasing the currency does not solve poverty and enhances it.
All of this data is from the IRS FRED seems to not provide information prior 1960 now you know why they don't include this on the charts.
Sadly I feel most people don't understand that what is coming is not a "recession" not a "08 RE crash" its going to be a foundational collapse of the entire US debt system / treasuries / stock markets / credit crisis / liquidity crisis.
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
United States Government Debt: % of GDP 2023 = 133%
Japan General Government Gross Debt to GDP 1989 = 65%
Federal Debt: Total Public Debt Q1 2023: 31,458,438 or 31.4 Trillion
I'm personally putting a target for 2026 for the end of the US currency reserve system
The only option here is to either print more 100s of trillions than Weimar Germany
Or force the entire US & Allies onto a new dollar that will combine all G7 currencies.
Hopefully people can understand why there's so much controversial developments on
Russia & BRICS +, this current war is nothing to do with helping another country.
Its because BRICS see's the end of the US system and they are preparing for it.
(sources)
www.irs.gov
www.irs.gov
Tax rates include normal taxes of 1.5 percent on the first $4,000 of taxable income, 3 percent on the next $4,000, and 5 percent on taxable income over $8,000, plus applicable surtaxes. Last law to change rates was the Revenue Act of 1928.
"Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (CPIAUCSL)"
fred.stlouisfed.org/series/CPIAUCSL
www.voimagold.com
The USA is borderline on Hyperinflation, hence my theory with how people are missing this and claiming base inflation is coming down its a false metric, the YOY inflation does not factor in monetary debasement meaning you can have parabolic Consumer Price Index growth with low inflation of cost of living.
This is even more dangerous as we have low inflation > hyperinflating stocks > decrease of quality of life.
Nobody can see this as they measure stocks without the / USm2 adjustment or the CPI growth that's mirroring Weimar Germany.
Japan in today's date are being forced to purchase US Debt by the G7 to fund this madness this is why Japan & China are the leading debt holders, problem with this? Japan is now seeing Inflation due to them basically printing the Yen to achieve this meaning they have to let up.
1. The FRED will be forced to step in on a 31 T debt problem
2. China has the ability to double this debt problem by dumping their holding like they're currently doing
3. Russia & China + BRICS are clearly doing this on purpose hence the military activity towards Russia and Taiwan, USA is basically letting the world know they're at the end of the US reserve system and they will use military force to protect it, now they can't say this out loud so the reason is Ukraine. But the only reason you would risk going to war with a Nuclear Super power like Russia would be this is indeed the final years of a failed system.
You cannot pay the US debt without GDP growth + low interest rates that requires Quantitative easing at this point that will be the trigger of sending the CPI completely vertical.
Weimar Germany same position war debt could not pay it so they had to print to create growth that lead to nobody wanting their currency.
$NQ1 showing out with a TRIPLE BOTTOM, can it continue to ATH?!CME_MINI:NQ1!
Obviously, we are a little late to the party, but we observe the triple bottom here. Price has hastily moved through weekly supply from April 2022. Buyers have held price up so far. Next stop is all time high with a 7:1 RR from here!
US100 LongUS100 is forming a nice ascending triangle pattern and looking for continuation on the upside. This could be a good entry to go long with decent Risk:Reward
Entry - 15055
Stop loss - 14900 (I would like to see a 2hr close below this level to close the position)
First Target - 15200
Second Target - 15500
Final Target - 15800
Please let me know your thoughts. Thank you
SPY - NIKKEI225 - We're In The Great Depression + INCOME DATA
Problem with monetary fiscal policy and debasement? your markets start to hyperinflation especially when you try to patch previous bubbles *cough* QT *cough* BTFP *cough*
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
The average net yearly income of Americans during 1930 was $4,887.01
Unemployment Rate (UNRATE) 8.7%
AFTER TAX - $4,788
$4,788 in 1930 is worth $87,476.76 today
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
The average net yearly income of Americans during 1933 was $4,218.40
Unemployment Rate (UNRATE) 24.9%
AFTER TAX - $4,045
$4,045 in 1933 is worth $94,935.84 today
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
The average net yearly income of Americans during 2023 $74,738.
Unemployment Rate (UNRATE) 3.6%
AFTER TAX - $57,237
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
CONCLUSION - The average American is 65.83% poorer than the average American during the great depression. Debasing the currency does not solve poverty and enhances it.
All of this data is from the IRS FRED seems to not provide information prior 1960 now you know why they don't include this on the charts.
Sadly I feel most people don't understand that what is coming is not a "recession" not a "08 RE crash" its going to be a foundational collapse of the entire US debt system / treasuries / stock markets / credit crisis / liquidity crisis.
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
United States Government Debt: % of GDP 2023 = 133%
Japan General Government Gross Debt to GDP 1989 = 65%
Federal Debt: Total Public Debt Q1 2023: 31,458,438 or 31.4 Trillion
I'm personally putting a target for 2026 for the end of the US currency reserve system
The only option here is to either print more 100s of trillions than Weimar Germany
Or force the entire US & Allies onto a new dollar that will combine all G7 currencies.
Hopefully people can understand why there's so much controversial developments on
Russia & BRICS +, this current war is nothing to do with helping another country.
Its because BRICS see's the end of the US system and they are preparing for it.
(sources)
www.irs.gov
www.irs.gov
Tax rates include normal taxes of 1.5 percent on the first $4,000 of taxable income, 3 percent on the next $4,000, and 5 percent on taxable income over $8,000, plus applicable surtaxes. Last law to change rates was the Revenue Act of 1928.
NASDAQ: Approaching Target 1. Pullback and buy for the 2nd.Nasdaq maintains the four month Channel Up and despite the technically overbought 1D timeframe (RSI = 72.574, MACD = 282.680, ADX = 39.484) it shows no signs of pulling back. We will make the most out of this very aggressive trend. Our target from the previous analysis remains near the R2 (TP1 = 16,000) and after a pullback as on May 24th, we will buy again and target the R3 (TP2 = 16,690).
We will stop buying the pullbacks after both of the following conditions are met: the price crosses under the 4H MA50 and the 1D RSI under its HL trendline.
Prior idea:
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## Comments and likes are greatly appreciated. ##