Nq1!long
No one expects another gap down tomorrow...It seems everyone is bullish now and desperate for a move up.
There is a chance of seeing the whole move down to 12700-20 by tomorrow tomorrow am!
I will be shorting any bounce with a tight stop and going long at 12700-20 for a good size move up, maybe even to new highs.
The R/R is much better at 12700-20 then at this point.
Have a good night
NQ main support for tomorrow 13273 and 13210Im looking for a good size gap down tomorrow to mark the top, otherwise we can still press higher .
The low should come either on the 22 or 26th. I personally like second date as it would be a perfect long setup going into the long weekend bull trap.
Ideally next high (if we topped) is a lower high. Also will be looking at turning week, if we close lower then next one, then the low might come on the week 29th and high before Sep OPEX.
Since cycles are inverted a lot (usually the case in Aug), I have no clear picture of the maj top being in place or when it comes. I got 2 dates, early Sep or Sep OPEX week.
Im short going into the next week.
Will start looking at swing short position only after we break 13115
NQ almost hit my target zone, expect a test of the mid channelNQ almost hit my target zone, expect a test of the mid channel if not more.
I still day trade this, no swing positions, only ES from Fri.
All depends on how we will be closing today, might enter with either long or short for tomorrow
Tomorrow is a turning day, it can be a move in one direction.
VIX has a long signal, be careful if long indexes
NQ is in no mans landNQ is riding the broken down trendline and the top of the channel, also its near the mid of the downtrend channel.
I have no good feeling of a direction at this point. Ideally we sell in am and then rally up again to top sometime tomorrow, targets are still 12100-20 and if above, then its bullish and it goes to 12400+
Volatility is going to start rising from the next week, so much biger moves are coming into mid of the month to 20th
NQ isnt looking good for the bulls hereResistance is very strong in this level, can stretch to 825 for a perfect touch.
11800 call from am got fulfilled, it's very close to it, I have shorted for a quick trade here, looking for a possible real move down off these highs, might not come till after the FOMC
NQ must hold 11500-30 zone! Bullish setup into the EOMNQ is setting up a fake breakdown imo and should be stopped at 11530 zone, 11500 is a must hold for today for any bullish setup going into the EOM
Im expecting a good size rally starting today or tomorrow am, so a long setup from a bit lower is something what Im looking for
NQ cant reclaim the mid of the channelI know there are too many lines for some, but they are important to me. Just pay attention to the green trend channel and the blue doted mid of the channel line
NQ is supporting a view I have on the SPX, looking for some lower (NQ down to the low of the channel line before a fakeout.