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Nq100

NQ1!,Change of Character, Potential Spring to WatchA break of the uptrend channel and holding below it has confirmed a change of character. The market entered a distribution phase. Several days of action have established a balance area with distinct edges. The last trading session has created a potential spring (in Wyckoff terms). This is something to watch going forward. If this is the case it may lead to a retest of the balance top and eventual return back into the channel. If the last day low is taken out we may see a new leg down confirming a bear flag formation. There is no need to predict what may happen but to listen what the market tells. The market always right... 02/27/2021
CME_MINI:NQ1!
by SviCapital
3
Why I think bears won the NAS battle but bulls will win the war I said in my previous idea that I went long at 12672 and below are the reasons why. - Was hovering slightly over the weekly 20EMA which has been great dynamic support for the index over the last year. - NDX appears to be forming a flat bottom at 12760 and we can see how well that has been holding since January; it is also the 0.618 FIB from Feb. highs to October lows. Bears tried to break 12760 3 times during NY sessions this week only or bulls to bounce back sharply off this level. It was only broken during the Asian session on Friday when I bought at the lows of the day betting that weekly 20 EMA will provide support. - Despite the heavy sell pressure and volume throughout the week and particularly the alarming levels on Thursday (highest since September), Friday's buys were also particularly high (highest since November); hence the wild volatility. - VXN (the volatility index for NAS100) has not spiked to alarming levels all week despite a 1300pts drop at one point. We have seen a bigger spike in the last week of January despite a drop that is not as substantial as the current one. - NQ 4hr RSI has been flashing bullish signs and divergence for the past 2-3 sessions. Additionally, daily RSI hit its lowest levels since March. Next week bulls need to break-out from the main downtrend TL and overcome dynamic resistances, especially the 50 day EMA for a chance to go higher. If we gap up Monday as a result of stimulus news and Asia/Europe don't tank it, there's a very good chance we see a reversal sooner than later. I don't think the bond market fears will have long-term implications as of now given the current policies.
CME_MINI:NQ1!
by bbourji
4
NASDAQ - At a Crossroads 😶‍🌫️Hi guys, so yesterday's dip was bought well but it did not last - good if you have the habit of taking some profit by closing partially and stop-losses at entry to avoid any losses. At this current stage, there seem to be a growing sentiment for a correction so maybe there will be a new dip to buy soon (today?) especially if the price breaks this current support level. Watch out and trade/invest responsibly. I can tell you yesterday was really bad day for me so taking small steps back on the game today. It looks like we could have bigger dips to buy and bigger fish to fry in the next coming weeks. ps. Nasdaq I still love you habibi, no matter what
CME_MINI:NQ1!
by FX_Professor
4
NASDAQ - 15,000 please 😽↗️↗️↗️It so happens I post about Nasdaq every time there is a dip to buy. It's almost the same feeling every time; like hanging from the tail of a Dragon that is destined to fly. Fundamentally , Nasdaq is the one asset I like to buy In the previous weeks and again now, it is moving up in a rather exciting way, with it's bigger ups and downs and moving all arounds. Nasdaq, you deserve the 15000 mark. Why delay? Can you please go there on a straight line? No more dips, just go UP; and straight
CME_MINI:NQ1!Long
by FX_Professor
8
E-Mini Nasdaq-100 Weekly Update 2/7Beginning of the week we saw bulls take control with lots of sellers getting out of the way end of the prior week. Very strong volume both Friday on the selling side and Monday on the buying side which set a move back up to the local swing highs. We ended the week pretty steady, moving sideways for most of Thursday and Friday. Intraday, things are looking overbought and given the sideways price action, could signal that we either keep moving sideways for a few days and on some economic news (stimulus) or any other circumstance, move back to the highs and possibly break for a move higher. If price does move lower my first target is 13400 which has proven to be an area of interest, then adjusting from there.
CME_MINI:NQH2021
by Islandboi