Nq100
SPY REVERSAL ANALYSIS go LONGAMEX:SPY
On this SPY 30-minute Chart I point out candlestick patterns, trendline breakout and volume spike leading me to conclude
that SPY is due to reverse to the upside. This appears to be a quality long trade setup. See the link for my other similar idea
at the far bottom. Trade well and often !
Nasdaq 100 Analyze!!!Nasdaq has moved down from the resistance zone by the Head and Shoulders pattern.
In the past week, Nasdaq was able to break the support line and is currently trying to complete its pullback.
I expect the Nasdaq to go down to the🎯targets🎯 I specified on the chart.
Nasdaq 100 Analyze, (NQ1!USD), Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NQ - still time for the right shoulderIm long here NQ and ES, tight stop though.
Needs above 11275, the target is 11380-90 by 6am or so.
If we see this move before the PCE numbers, I will exit longs and go short.
What if it will be a repeat of what happened last time PCE number was out.
Tomorrow should move the price above the last several days range, its also a directional change day and it could be a move in one direction but outside of the range.
So a low tomorrow or Monday (Im in a low on Fri/Sun for the futs) and rally into at least 5th or even 7th.
The rally will be muted and choppy imo just to reset the indicators.
Tomorrow is a not weekly, but monthly and quarterly closing!
Should be very interesting close and if it looses today's lows we could see another 100 points plus cut
Have a good night!
NASDAQ - Potential REVERSALNASDAQ is currently at a major support. What I'm noticing is that it is almost identical price action as happened in June. Nasdaq had a major bounce on 6/15 which was followed by a heavy sell day on 6/16 (very much like today). However it was immediately reversed the following day on 6/17. The breakdown on 6/16 ended up being a big bear trap which ended up with a bull run into mid August.
As usual - NOT A PREDICTION. Just an observation of price action and trying to keep an un-biased view.
PLAN: Watching today's closing price and where we end up tomorrow. /NQ is at a major turning point.
NQ is looking much lower!Here are the levels of importance for NQ on the downside:
- 11060
- 10656-500
- 10300
- 9990
The last 2 numbers are the main target zone now
I want one more push tomorrow.
Since it's not only weekly, but monthly and (very important) quarterly closing this Fri.
Last 2 quarter ends both resulted in selling last 2 days, something to pay attention to.
So a flush is very possible to start as early as tomorrow or ideally after Oct 3rd high.
I have closed my ES short at 3715.50, 3710.5 from 3727 and waiting to enter with some longs, but will have stops, dont want to wake up with a huge gap down.
Also Im in with some SPY 351 Oct 21st puts and some Fri SPY calls from the close.
If we break down, I will be entering to my swing MNQ position.
For now I want to see a standard 50-61.8% retracement to get long in am.
ES is at 3665 (main target) and 3682
NQ is at 11377 and 11322 (I like 11355 as a target)
Here is 1h chart with support and resistance white lines
Good night
NQ is testing the bottom of the bear flagWatch this bear flag to break and we see 11165-35 very quick.
Main support is at 11234, breaking that will flush quick
I have the price down to even 11050-60 level.
Very important to hold here.
My thinking is we sell off into the open and move up after Powell speech tomorrow am
Today's action off the low could be another trap for the perma bulls to call it the low...
Will be waking up early tomorrow to watch the market and see where I add to my SPXL and some Oct calls long position I started today
P.S. DO NOT GO LONG Heavy! This can crash and the crashes come from the oversold conditions! Size properly and have stops or more powder to add
NQ is at maj support terretoryHere are the support levels to watch:
- 11167-75 (My target for a while)
- 11058.50
- 10656.50
Maj Resistance is at 12260, above and it will squeeze back to 14k imo
But the pressure is still down, Oct should bring 10k zone imo.
My plan for tomorrow is buy am lows
Have a good night