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NQ1

NQ DailyJust a reminder, NQ daily and weekly indicators are overbought. 3 hr chart shows MFI declining, and probably goes oversold, so we probably get one more pump before the reversal. Daily and weekly indicators can take a few days or even a couple of weeks to play out, the drop may not happen until the Fed meeting next week. All the same, I'm not feeling very bullish and as I always say, when your personal sentiment doesn't match the market, it's best to just stay out. Made a decent return on my beer money bet this week shorting shitcoin, I might just go spend it at a bar tonight and take tomorrow off.... will decide soon. Should've gone long when i noticed RTY MFI went oversold.... oh well. Looks like a slow melt up now, and I don;t recommend playing a melt up with options.
CME_MINI:NQ1!
by hungry_hippo
2
NQ1! NAS100USD NASDAQ 2023 JUNE 05Continuation long from previous analysis was in order last week. Minor weakness has appeared. Possible Scenarios: 1) Continuation Long: Long on retracement. Down bars has to be on lower volume. 2) Previous supply zone 15269 Exercise caution if you see climatic bars into this level. Market may rotate to work out demand and supply. 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 narrower up bar close off high = NTC weakness Daily: 19 May UT bar, ave vol= = potential weakness *NTC = Non-Trend Changing Like and follow if you find this useful. Have a profitable trading week. *For education purpose only.
CME_MINI:NQ1!
by paradox677
NASDAQ One last bullish leg possible before exhaustion.Nasdaq (NDX) easily hit the 14350 Target that we called on our last analysis (see chart below) 10 days ago: The price even broke above the 0.618 Fibonacci retracement level from the All Time Highs and hit the top of the March 13 Channel Up. However there is still some room left before hitting the top of the long-term Channel Up that started after the January 06 market bottom. A pattern that supports this argument is the 1D RSI that is trading on Higher Highs similar to January 26 2023 and August 03 2022. Those was the last phase before the final Higher High that exhausted the trend and started a correction. As a result we will pursue one final upside target at 15000 and then most likely we will see a pull-back towards the 1D MA50 (blue trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CME_MINI:NQ1!Long
by TradingShot
13
NQ1! Chart for 6/2 S/D LevelsLast day to end the first week of June. Us debt ceiling passed. 530am PST release of nonfarm and unemployment #s. Struggling through the supply zone at time of posting, would be interesting to see us break through to break 5/30 highs of the downtrend. Otherwise I am targeting pivot P below for bears if we can break through the demand zones. Keeping the description brief, trying to cut down on the length of the message. Link to chart: www.tradingview.com
CME_MINI:NQ1!
by tradeswithjess
NASDAQ May be entering a short term correction waveNasdaq / NDX / US100 is near the top of the 6 month Channel Up. Since the middle of that pattern, it started to form a narrower Channel Up. So far we have had 3 correction waves inside the larger Channel Up, each less aggressive than the previous. The 1day RSI is forming a Rising Resistance pattern same with the previous in February 2nd that priced the peak of the Channel Up. Sell if the RSI crosses under its MA line. Buy a little over the 1day MA50. Target 15280 (Resistance A, High of March 29th 2022). Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100Short
by TheCryptagon
6
NQ1! Chart for 5/31-6/1 S/D LevelsNew downtrend created on the 1HR timeframe. At time of posting, it looks like an attempt to break out. If we hit longs, I see a pull to Pivot new 14333, otherwise I want a bear retracement to S1 at 14224. My previous trade idea did pan out which was nice to watch and during my call with the team. It seemed crazy at first but seems that the US debt ceiling meeting made things worse even though they agreed on raising it. IF this downtrend continues I want a break through the demand zone and a continuation to the downside to retrace the move as today was the last day of May. Here comes June!
CME_MINI:NQ1!
by tradeswithjess
NQ1! 5/30-5/31 S/D LEVELSUS Debt ceiling votes are in tomorrow, Wednesday 5/31. Although the agreement is not what both parties want to the T, I have a feeling they will agree on the vote because it is for the greater good. If they do not agree, we are headed into default which will hurt the economy tremendously. We cannot afford to have that happen right now because of bank system failures, inflation, and other news events that are impactful. Needless to say, I think we see a spike in longs to end the month green. BULLS: 14661-667 to 14612 BEARS: 14299 to 14089 I am following per pivot points and my S/D areas. We have reasons to be on both sides as I see we are partially balanced even tho we had heavy bull power lately. Bulls can continue up due to good news and no true resistance to the upside. Bears can take over for a retracement and liquidity zones. Link to chart: www.tradingview.com
CME_MINI:NQ1!
by tradeswithjess