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Nq100

NQ1!, It's Easier to Commit Crime in the Dark :)The Holiday week had surprised the traders seeing a strong move downside on Black Friday. I was one of then. Having a habit to wake up and watch the EU opening sometimes is rewarding :) The official narrative is a concern over the virus mutation found in Africa. Don't you find that news convenient to initiate a move to downside? Look at the chart - you can't make this stuff up. A touch of the projected level R1, wave 5 completion. The move happened in the overnight session while the traders were digesting the turkey and sleeping well. If you were in this business for a long time you should know all the tricks under the market makers sleeves. I mentioned in my previous posts that News is used by one of the sides to achieve their goal. What to expect next? Simply watch for the inflection levels and the price reaction. There are a few decent levels below that may trigger a bounce. Also if the wave 5 is complete we may see a consolidation within wave 4. The market is coming into month end, some portfolio rebalancing may happen and that supports the idea of the consolidation going forward. Don't be surprised if a rally happens within that consolidation area supported by a narrative that the virus ain't that serious as it was thought and the existing vaccines are effective. The market maker has created some fear that would be enough for short squeezing. Ignore the news, watch the inflection levels. The market is here to enrich you not to get you. Good luck. 11/28/2021
CME_MINI:NQ1!
by SviCapital
2
NQ1! NAS100USD 2021 NOV 29 WEEK NQ1! NAS100USD 2021 NOV 29 WEEK Short preference on NAS last week was good. Market tested previous support area, will this hold? Meanwhile will use the channel to guide entries. Weekly: Average volume down bar closing off low = some demand. However the low of the previous bar has been taken out, chart may be saying it is bearish reversal. compared to the up bar before it yet spread is narrrower than it = Weakness expected Daily: Average volume down bar closing off low = soem demand H4: UHV wide spread down bar closing off low = some demand 16236 need to hold for uptrend to be intact. 17070 16695 16490 16303 16006 15896 15717 15503 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
NQ1!, No sign of Backing OffIt's getting almost ridiculous to post the ideas when the market is trending up with no sign of backing off. Shallow pullbacks are bought. From technicals view the price does what is supposed to do. A breakout of the previous swing high and continuation. The next week is a Holiday week which is seasonally bullish. We may see smaller daily ranges. I personally planning to play both sides to maximize the potential. How do I short this market when a ranging bull is unstoppable? First timing: during the day session the repricing my occur at the RTH opening, EU sign off, and the late afternoon session. Second: a reaction at a weekly/monthly/quarterly inflection levels. The levels are watched by those timeframes Algos. Don't be discouraged when a slow drifting price seems doing nothing until it touches an important level. A big seller never shows its interest until the price reaches "the level". Traders become too dependable on platforms like BookMap and similar that capture order book. There is no doubt the platforms help to visualize potential areas of liquidity. However, one need to remember the fact that the "big players" priority numbers one is to hide their intend. Instead, they prefer to fake it. Big trading desks place their servers directly on exchanges and pay big fees for only one reason: to place and remove their orders from the queue before it gets executed . This is how they fake it. They know what is captured and shown by retail trading platforms and outsmart them. It is more reliable to watch inflection levels for a reaction and take a chance. You never know how a trade may unfold. Understanding the price action, price action patterns helps to navigate through the fakery. What should happen and what happens instead is the only question the retail trader need to ask. For example, if the price breaks the previous swing high or low it should accelerate but it does not. It's a warning. It means the opposite side is not covering their positions. The acceleration is both sides effort. This past week the market was inefficient again. Yet another gamma squeeze. The options market drives the flow. For the upcoming week the options market picked the following range: 16264 - 16912.5. It's a decent range considering the shorter week. Have a great Thanksgiving! Good luck! 11/21/2021
CME_MINI:NQ1!
by SviCapital
NQ1!, Market is Trapped in the Maze of Inflection LevelsI have highlighted a box where the market spent the last week. A concentration of inflection levels coming from different timeframes: weekly, monthly, quarterly. No wonder the price has a hard time to take off. The Friday's action ended right at the quarterly R2. Looking at the bigger picture: the Elliott wave aficionados may recognize a formation of the wave 4. The market may spend some time consolidating in that box before either make a run to complete the wave 5 or fails. I placed some directional arrows to watch. The last week action slightly breached the lower edge of the weekly expected move picked by the options market. Market behaved as expected. For the upcoming week the options market set the following range: 15890-16520. That supports an idea of a consolidation within the wave 4 with a potential to make a marginal new all time high. The volatility and the range remains elevated. That offers good setups for short term traders. The human traders have a big advantage - they can see the market holistically, they can learn to hear the context through the noise of the market action. Good luck. 11/14/2021
CME_MINI:NQ1!
by SviCapital
1
NQ1! NAS100USD 2021 NOV 15 WEEK NQ1! NAS100USD 2021 NOV 15 WEEK Nice pull back on the NAS for short. Market tested lower level and rebound. Let's wait for a pullback again for a long opportunity. Weekly: High volume down bar closing above mid point of bar = strength Daily: Average volume wide spread up bar closing near high = strength H4: High volume wide spread up bar closing near high = strength 16236 need to hold for uptrend to be intact. 17070 16695 16449 16392 16236 16006 15896 15717 15503 15274 Remember to like and follow if you find this useful. Have a profitable trading week ahead. NQ1!
CME_MINI:NQ1!
by paradox677
Nasdaq looking up 🦐NASDAQ after the recent retracement tested the support area at 14580. The price after a false breakout retest the support and start to move upside breaking the retracement channel. According to Plancton's strategy if the market will retest the support and provide us a sign of inversion we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:NAS100USDLong
by InkyGrip
19
NQ1!, Inefficient Market is Begging for CorrectionThis past week the price made above the weekly expected move defined by the options market. This is known as a gamma squeeze. The excessive buying of Calls forces the market maker to buy underlying securities that results in higher prices. This is inefficient market situation. Looking 3 year back at the options market I noticed a handful number of weeks when similar result happened. This week is definitely an outlier from statistics perspective. Does it mean it won't continue higher next week? No, just need to be aware of a potential correction to put the market in order. The market maker does not want to loose money on a runaway market. A correction may happen in the overnight session when the cash market is closed. This is the easiest way to put things in order. One needs to remember that machines, aka Algos, are in control most of the time. They calculate the levels and keep going higher and higher until humans, their masters, intervene and reset them. What we observe nowadays is no human intervention whatsoever. The humans see no risk and remain dormant. The retail crowd is getting even more upset seeing the market keep on making new highs every day despite all the talks and facts about the slowing economy, inflation and etc. But for the machines the value of numbers is meaningless. They take previous period close and range and apply the coefficients to project a new period. That's the reality of today's market. As a matter of fact, it makes the trading even easier. The mental gymnastic related to market prediction is simplified to projecting the levels similar to Algos and watch a reaction around them to get an idea whether that level is respected or not. If a reaction is observed then it is worth trying to trade. Do not try to trade based on your subjective opinion what market should do. It's a recipe for blowing your account. What to expect the next week. The new week, the new month the new levels for the Algos to project. The options market defined range 15575-16150. 16K is a notable milestone and it may provide a reaction. For now, watch how the previous week/month high is supporting the market. A failure to continue, especially if a swift rejection happens may suggests a reversal. The initial reaction may not be that deep but a second one may do the trick. The old adage "Second mouse gets the cheese" works very well in trading. Good luck. 10/30/2021
CME_MINI:NQ1!
by SviCapital
4
NQ1!, Holding Pattern Ahead of the Mega Tech EarningsIn my previously posted idea I outlined potential targets for the week: monthly and quarterly R1s. Both targets were tagged and the market entered a consolidation phase. The monthly and quarterly resistance are controlled by larger timeframe participants. So far a muted reaction, the price is consolidating, while those participants are waiting for the big tech earnings. I anticipate a resolution of the range in the upcoming week. The reaction may have a potential to hit the all time high to follow the mother of all products S&P. But it could be a completely opposite outcome. The price is at a strong resistance already and the sellers are patiently waiting to hit the button. The options market positioning is another tool for a trader that goes beyond the chart. This is how the market maker defines the risk. For the upcoming week the expected range: 15036 - 15605. A spike in volatility may lead the price to retest both edges. Violation of the range is bad for the market maker. Earnings noise could be very deceiving. To stay objective it is prudent to watch the pivot levels: weekly, monthly, quarterly. 10/23/2021
CME_MINI:NQ1!
by SviCapital
NQ1! NAS100USD 2021 OCT 18 WEEKNQ1! NQ1! NAS100USD 2021 OCT 18 WEEK Weekly: Lower volume, average volume up bar closing on high = some strength. Daily: Low volume up bar, spread has narrowed = weakness. H4: Price marked up on low volume. Tighten stops Entries will be based off price reactions at these levels Short on Test & Reject | Long on Test & Accept 14383 15400 14585 15524 15001 15709 15144 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
NQ1!, Right Shoulder is Being FormedThis past week the market practically retested the monthly S1 and monthly pivot. A big range offered plenty of opportunities for day traders. But for investors who like to use the "set and forget" strategy the time has not come. Conflicting news terrorized the machines on both sides. From a larger pattern development I personally envision the H&S pattern in progress. The down trend line from the ATH is intact. Bears don't feel the heat until the price starts approaching it. The earning season starts next week, this could only add more noise. However, I continue to emphasize to focus on hidden forces levels: weekly, monthly and quarterly. Last week, the market has retested 15k level. This is yearly R1. Sell side is active off that level in alignment with the current bearish sentiment. The 15k is critical for both sides. The technology is sensitive to 10y yield. Rising yield hurts the mega tech corporates looking to issue bonds and raise the cash for buy backs. For the upcoming week I anticipate to see another attempt from the buyers to retest 15k. 10/9/2021
CME_MINI:NQ1!
by SviCapital
NQ1!, Potential H&S is Being FormedMarket is in the distribution mode. The new month started and offered new levels for the machines. My personal view is a big H&S pattern formation in play. I projected potential boundaries of the right shoulder. A strong bounce on Friday may correct the lower edge if not taken out. But for now I go with a symmetrical shoulder. The previous month S1 and this month P levels are potential targets if the upside continues, however, it would be all within the right shoulder and won't change the bearish nature of the market especially if the downtrend trend line is not breached. Shorting this market requires a good understanding where the sell side shows its hand. The violent upside moves are common in the bear market. "The best buyers are the short sellers..." Buying in the bear market is risky. Traders need to watch inflection levels like hawks and look for the sell side failure. 10/2/2021
CME_MINI:NQ1!
by SviCapital
3