NASDAQ 100 E-MINI FUTURES
NQ UpdateMFI has a bit further to go to get to oversold than ES. Regardless I think it hits it tomorrow then they pump the crap out of AAPL and stuff to get the ES gap fill.
Everything is telling me BTFD tomorrow, not sure which way it gaps though. I think i'm just gonna stay cash, and wait. Ideally the algos will gap it down on low volume then buy back in. May wind up having to chase teh gap if it gaps up, but gonna avoid the whipsaw today.
NQ UpdateMFI is still overbought and it has the same chart formation as the previous top.
We might see more than just a dip Monday. I also posted FDAX chart, high probability of a gap down Monday anyways. We'll see. I don't expect the market to come crashing down like the bears, just playing the indicators.
I think the market just whipsaws sideways all year, lol. Repeated pump and dumps. Just watch the indicators and trade when they tell you something.
As for the trade, I might add some more puts EOD, just expecting it to whipsaw this afternoon.
$QQQ $SPY Weekly Analysis Future Outlook | Support & Resistance - NASDAQ:QQQ & AMEX:SPY both are still in healthy daily uptrend no sign of red flags.
- QQQ Daily EMA 12 is a good support guide
- Still holding my SOXX short (in SOXS) due to relative weakness compare to QQQ
- Earnings coming up for NASDAQ:TSLA and NASDAQ:NFLX BCBA:TSMC
NQ1! NAS100 NASDAQ 2023 APR 17 WEEK
CME_MINI:NQ1!
NQ1! NAS100 NASDAQ 2023 APR 17 WEEK
12950 was supporting the market well despite increase
in distribution effort. Market participation was low though, and
shortening of thrust from high to high observed = waning
upward momentum.
Possible scenarios:
1) Market stuck in a 250pt range, wait till supply/demand is
resolved
Then:
2) Breakout of upper boundary to test 13740
= long at support of upper boundary of range
3) Breakdown of lower boundary of range
= Short on rejection of 12950
Volume Analysis:
Weekly = Ave vol narrow spread up bar close off high
= Minor weakness
Daily: Higher vol narrow spread down bar close away from low
= minor demand
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14361 13740 13550 - 137440
12950 10710 - 11068
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
dxy [macro outlook].good eve'
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don't think i've ever shared my bull macro dxy outlook,
so here it is.
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won't give you any reasoning behind this theory as i am not a fundamentalist or anything -
just a data scientist who makes predictions using the stars.
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i'm theorizing that the us dollar hits 131 (at the minimum) by 2028.
this will be devastating for the global markets.
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NASDAQ Pullback to the Support, then buy for a new High.Nasdaq is consolidating around the MA50 (4h).
Every such consolidation that followed a High inside the Channel Up, pulled back to the Support of the last Higher Low.
Trading Plan:
1. Sell on the current market price.
2. Buy on the Support.
Targets:
1. 12520 (Support).
2. 13730 (Resistance 1).
Tips:
1. The MACD (4h) gives a buy signal when it crosses over the top of the Falling Wedge. It has happened on both previous patterns.
Please like, follow and comment!!
dxy 4-14-23gm,
i called both the bottom in 2021, and the top last year on the dxy
(view posts at the bottom of this thread).
very few people heard my voice -
swinging by into the public communities to share this very general post today.
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dxy came down in 5 waves from my upside target, seemingly.
possible w5 isn't in yet as it could see a slight extension - also possible that it is.
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once 5 waves down is indeed confirmed, a three wave retracement will take place, with force.
when this retracement takes place, the markets will take a beating.
nfa.
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PS. if the dxy see's an extension for this last leg, the bear market will get extended by 365 days.
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NQ1! SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
The BB upper band is nearby so NQ1! is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 13060.75.
✅LIKE AND COMMENT MY IDEAS✅
NQ - Interesting area!NQ - Interesting area! CME_MINI:NQ1! GLOBALPRIME:NAS100
Another key resistance area
Highs: 13248.75
Lows:12957.00
Currently we are still within the ranges even though we've had CPI print we did escalate higher, but couldn't go above key resistance of: 13230 areas we could need break higher above that resistance to go towards levels of 13347.00. However, if we are to break below the lows I expect 12800 areas to be key support that could be reached!
Pay attention!
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