Back to Charting Again!* NQ1! Chart for 6/12 S/D LevelsTargeting R1 as a push through this resistance supply 4hr zone. I skipped the NY opening bell, and when I hopped on later in the morning, we were making bull strides to move up. VWAP and EMAs continued up by following PA so it didn't seem to waiver that we would fail dramatically to the downside. However, looking back for possible demand zones for later this week as we have FOMC and CPI/PPI being released. Looking for small points between 5-20 pt moves to avoid being chopped to much and using range/liquidity areas for targeting. I recommend using bookmap for your further conviction in seeing the order flow.
Throughout this week looking for BEAR targets at S1 14625 or lower to fill the gap we created to 14520. BULL target throughout the week is 15100 or 15231 *nearing* the double top resistance of Jan/March 2022.
Link for chart: www.tradingview.com
NQ1
NQ1! Will Fall! Sell!
Here is our detailed technical review for NQ1!.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 14815.25.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 14419.25 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NQ1! NAS100USD NASDAQ 2023 JUNE 12NQ1! NAS100USD NASDAQ 2023 JUNE 12
Significant Weakness observed on daily bar (Friday 09 June) as market is marked up on ultra low volume S>D bar.
If mark ups on low volume continues, tighten stops and don't chase longs. Prepare to look out for short opportunity.
Possible Scenarios:
1) Market continues to be marked up on low volume narrow spread up bars = tighten stops on longs / wait
2) When additional weakness emerges = Short on test and rejection of recent high / lower high
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15269 14575
*Longer term: 13350 needs to be supported for long trend to be intact.
Price Volume Analysis:
Weekly: Ave vol up bar close off high = NTC weakness
Daily: 09 June ultra low volume S>D up bar
*NTC = Non-Trend Changing
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Have a profitable trading week.
*For education purpose only.
Next week - Potential buying/Selling zones on NQ/US100 CAPITALCOM:US100 CME_MINI:NQ1!
I will continue my analysis on Nasdaq NQ/US100 Market, after reaching my TP last week, I expect 2 scenarios:
1st: If the price closes below 14440, I'll sell after the first unmitigated single candle (entry based on 1H TF), if not I will buy here after sweeping the LQD.
2nd: If the price closes below 14233, I'll sell after the first unmitigated single candle (On 1H TF), if not I will buy here after sweeping the LQD.
I'd just like to mention that the market is expecting some big news this week (CPI, PPI, FOMC).
Trade at your own risk.
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NQ1! Trading Opportunity! SELL!
My dear followers ,
Please, find my technical outlook for NQ1! below:
The market is trading on 14742.75 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 14402.00
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
NQ1!: Short Signal with Entry/SL/TP
NQ1!
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell NQ1!
Entry Level - 14741.00
Stop Loss - 15082.75
Take Profit - 14231.50
Our Risk - 1%
Start protection of your profits from higher levels.
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NQ1! BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
We are now examining the NQ1! pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 14496.25 level.
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NASDAQ: Bullish as long as the 4H MA100 holds.Nasdaq is having a standard technical pull back turning the 4H time frame neutral (RSI = 52.452, MACD = -2.890, ADX = 30.912) but the 1D remains bullish as since March 13th, the index has been trading inside a Channel Up pattern.
As the chart shows, every crossing under the 4H MA50 has been a buy signal (2 times) unless when the 4H MA100 broke as well, in which case the downtrend was extended to the 4H MA200 (2 times also). The 4H RSI has a clear Buy Zone and it just bounced on it, so we're already bullish (TP = 14,950). If though the 4H MA100 breaks, we will open a short term sell as well, targeting the bottom of the Channel Up (TP = 14,000), where upon contact with the 4H MA200 we will add a 2nd buy.
Prior idea:
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NQM2023 SELL
-first full we are in the deep premium, and in the opening of the month we see a juda swing to the upside to take the previous month's high wish is buyside liquidity (14569.50), and we seen a big reaction after taking it and go back to the opening price of this month (14288.00).
-secondly, (ipda concept) if we take the last 20 days, we will see a sellside ( 13570.00) we will take it as a target
-Third, if we do the standard deviation of the juda swing we will get the tp's I've noted in the chart.
NASDAQ starting a short term correction.Nasdaq got rejected near the top of the 6 month Channel Up.
The narrower Channel Up however made an exact Higher High and the rejection today is a natural technical consequence.
This is most likely starting the 3rd correction wave.
Each wave has been less aggressive than the previous.
The breaking under the 4hour MA50 is the sell confirmation. Target the bottom of the short term Channel Up and the 4hour MA200.
Buy on the 4hour MA200 and target 15280 (Resistance A, High of March 29th 2022).
Previous chart:
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NQ1! What Next? SELL!
My dear followers ,
My technical analysis for NQ1! is below:
The instrument tests an important psychological level 14372.00
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 14009.00
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
NQ1!: Short Signal with Entry/SL/TP
NQ1!
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Short NQ1!
Entry Level - 14587.00
Stop Loss - 14969.75
Take Profit - 14009.25
Our Risk - 1%
Start protection of your profits from higher levels.
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We Must Expect a Bounce in NASDAQ !!!Technical Analytics:
- It's doing a wave ((1)) in black
- H1 and H4 right side is up
Technical Information:
- If you're a position trader, you must wait for all time high and only buy after when the correction ABC or WXY is complete
- For swing trader you need to wait for more data
NQ1! Will Fall! Sell!
Please, check our technical outlook for NQ1!.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 14542.50.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 14221.50 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Grabbing the best possible trade on NQ1!Obviously, going short at every supply zone or going long at every demand zone doesn't work every time. If it did trading would be too easy and no one would lose. So, how do we trap the losers and become the winners? Wait for a liquidity sweep above, most often indicated by a bearish shooting start candlestick with a close back below the supply zone. Previous shorts will be stopped out and new longs will be trapped. That's the best possible time to enter short and ride the reversal back down here on CME_MINI:NQ1!
GLOOM AND DOOM ON THE DAYInteresting day yesterday for $$NASDAQ:AAPL. The stock hit all time highs, and then sold off. Jim Cramer says that its a pullback and he is short, and that is normally a very good reason to go long. However, that outside down day bar is pretty ominous looking. There is also an unfilled price gap lower and that could act as a magnet to the down side.
Even more interesting is pubic sentiment towards $NASDAQ:AAPL. My very, very unscientific but thorough review has to do with AAPL's new product. The World Wide Developer Conference was yesterday and it showcased the release of Apple's new googles--wait goggles. Kind of pricey at $3500, making it one of AAPL's more expensive offerings. Initially, people thought it was kind of hokey and crap, which was the news on the buildup to the release. However, later in the day, many on Twitter sounded excited about the googles, including @TheShortBear. IDK, I am an intraday trader and use 1M bars, but my bias on AAPL is short. Since AAPL weighs so heavily in the CME_MINI:ES1! (No. 1 weighted stock in the index) and the CME_MINI:NQ1! (No. 2 weighted stock in the index), it could be like that old Dixie Chicks song, "If I fall you're going down with me."
If AAPL falls, the ES and NQ may go with it.
Remember positivity starts tomorrow.