Nq100
NDX DOES IT PIVOT HERE?I'm observing some interesting trends on this NDX renko chart. Take a look at my lower wavetrend indicator and the simple, yet remarkable, patterns that exist. This chart goes back 10 years but I really want you to focus on the giant ascending broadening wedge (aka megaphone) from 2018 until now. I see this area as a potential pivot but we're just as likely to melt-up, even if we do have another correction. I'd love to see a #6 of this megaphone but I'm not certain of that. If the NDX eventually breaks above this pattern then it will most likely soar similarly to 1999-2002. This seems absurd but it's not unlikely considering the ingredients baked into our current monetary cake. I will consider a long hedge (2023+) calls in QQQ if we can have another nice correction but I don't like the risk/reward of going long here. Let's see if we can get another nice pull back.
NQ NAS 100 E-mini - A double bottom on the H2 price channelWe could be looking at a trend reversal in the Nas 100 E-mini Futures per the H2 price chart below. The double bottom price pattern indicates strong support around 12256.50; however, prices need to hold above 12406.50 to head back up.
Critical support estimates at 12256.50 and 12154.50
Upside targets at 12406.50, 12519.25, and 1267.25
THIS IS NASDAQ 💯💯💯Nasdaq looks too strong, again. We had suspicions it could offer us a dip (we like to buy those) but is now back in the channel and looking ready for new flights, even for potential new heights in 2021.
For months we had been hedging our bigger accounts by buying Nasdaq (at a ratio of 3) and shorting other indices (at a ratio of 1.2) and the return has been great.
At a point (last summer, end of first lockdowns) the strategy was changed: we were buying more SP500 and Russel together with QQQ (hoping that the real economy recovers faster than Nasdaq would keep rising) while hedging by shorting targeted inverse ETFs.
To us, NASDAQ is an asset designed to succeed.
A closed group that includes the strongest and fittest.⚔️🛡️
An index you can believe in and keep on buying and buying, especially after (or even while) it corrects.
THIS IS NASDAQ 💯💯💯 (you don't want to be shorting this, go short something else)
NQ - Nasdaq 100 buy support zones analysisHello traders,
Description of the analysis:
Nasdaq 100 e-mini futures ( NQ ) support zones where it makes sense to time long positions. A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
NQ 100 There will be no stim before election. This patten is highly likely to happen in all of the major US indices. Q4 for most companies will look like shit.