Get started

Nq100

NQ1!, Broken Support, Back to Old SupportA headline helped to break the previous support, now resistance, and led to a liquidation move back to the old support. There is a positive divergence that may play out . However, it is better to watch on a smaller timeframe a reaction first before engaging on the long side. Watch for headlines. I won't be surprised to see attempts to stop the downfall especially when they price is at inflection points. The timing is impeccable. One can see that the price is confined within a large range and offers advantage to active traders only. This type of the market and price action has obvious benefits for traders who are patient and enter the market at major inflection points. This allows to ride the short term trend all day long to the next inflection point. Short term note: Observe a new wedge that is being formed while having a positive divergence. 10/8/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, False Breakdown, Positive Divergence, Trapped ShortsA strong move down driven by a headline with a strong reversal is today's theme. There are a few reasons for a strong bounce (look at a weekly chart) : - a failed attempt to breach a weekly trend line. - 50% retracement Fib level - notable positive divergence I did not expect a strong reversal, however, on my chart I had 7577 support level and put a limited order to buy ahead. Both short and long opportunities were available today. The market is back above the existing support level and most likely would balance and grind to the resistance above. Tomorrow is NFP and end of the week. Anything may happen :) But an expectation is for the market to hold the support. Stay nimble. 10/3/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Consolidation at Low Prices, Month End JitteryOn Friday the bulls tried to hold the trend line but eventually lost it. That led to a liquidation move and retest the support below which was taken out thanks too headlines. Price came down to retest low prices where responsive buyers were active. The last push up happened into the closing which may suggests a short covering rally ahead of the weekend. The market closed at the broken support now resistance. There is a slight positive divergence which may play out if the market comes down to retest the lows and forms a double bottom pattern. If the price comes to retest the support below it would be even more attractive for the bulls. Oversold market at the support is a gift. For now, I expect some consolidation to take place on Monday and perhaps month end chop. 9/28/2019
CME_MINI:NQ1!
by SviCapital
4
NQ1!, There is no Better Buyers as Trapped SellersA potential rally was suggested in the previous post. A fake breakdown of the support followed by a strong reversal. Notice positive divergences on the indicators. The trapped sellers had to cover and flip positions. A breakout of the smaller balance to upside added more fuel to the move. Now, the price is at inflection point while being overbought short term. We may see a potential profit taking in the overnight session or tomorrow. The bearish case is not dismissed. This is a retest of the broken balance. Enjoy the rides of this wild market. Stay nimble and rely on technicals and market structure. 9/25/2019
CME_MINI:NQ1!
by SviCapital
6
20190918 US Nasdaq trade idea as shown... limited upside from current level until trend line breaks.... Don't forget to hit the like/follow button if you like this post ;) That's the best way to support me Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
CME_MINI:NQ1!Short
by Kareen
20190918 US Nasdaq trade idea (Update 20190920)Previous Nasdaq analysis.... Don't forget to hit the like/follow button if you like this post ;) That's the best way to support me Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
CME_MINI:NQ1!Short
by Kareen
NQ1!, Market is at an Inflection PointIn my previous post I shared the idea to watch the channel resolution. Today, the channel got broken during the morning day session. That led to a liquidation move to the next support. The market ended the session at the inflection point again. One can see how the price travels from one level to another. The chart shows clean break of the channel and the levels the price reacts. When day trading it is easy to get lost in the noise of smaller timeframes and numerous smaller moves and fake outs initiated by Algos in both directions. The best is to pick a larger timeframe with your analysis and watch patterns development. The entries could be confirmed on smaller timeframes. I personally prefer to watch Renko, Range, Reversal bars that reflect only price action helping to see the patterns . The unwarranted data gets filtered out. The market is at inflection point. This is a support until broken. Watch for a small balance shown on the chart. If it get broken to downside it would add odds for that breakdown to reach the next support. The RSI is showing a positive divergence and practically oversold. We may see some consolidation first. But if the support gives up - no indicator would help. The price action comes first. Stay nimble. The market offers opportunity every day. It does not matter why it moves up or down. Humans are suckers for narratives. They need to know why. In reality it does not matter. All the information is presented on the chart. Playing odds at inflection points is the only proven technique to trade the market. 9/20/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Post FOMC BounceFrom resistance to support and back. The story of the pre/post FOMC action. The market structure remains intact. Both short and long opportunities today. The pre-FOMC action was quite slow and required enough patience to sit through. In fact, the recent day ranges start to shrink suggesting lack of participation. Eventually an important support was tested and provided a very strong bounce indicating that the buyers mean business. Perhaps, something was said during the conference call but from technical chart perspective it was a decent support. As long as the buyers stay above the inflection point they have a chance to reach the next resistance level above which is a confluence with the broken trend line. As you can see the bias remains neutral and the price moves within the larger range from one inflection point to another. There are no changes that could provide a hint where this market is going. Stay nimble. 9/18/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Breakout Attempt in ProgressA slow choppy day with a bullish skew. The buyers held the position from the overnight session. The sellers were active at the resistance but one could notice no follow up to downside. They had many chances to go low but it did not happen. Eventually, the buyers broke to upside into the closing. This is a Pre-FOMC session and its outcome is not indicative per se. The stats based on 127 days is the following: 69% of the time the market opens higher than the previous day on the FOMC announcement day. It looks like this is going to be one of those days tomorrow. Nevertheless, the market structure and price action is the only thing I watch and the resistance is broken. That's the fact. If the buyers hold it then I expect to see a retest of the resistance above. If the price starts coming back into the previous range then it would be a warning sign. Post FOMC reaction could be tricky but after the dust settles the market should pick a direction to go. Stay nimble. 9/17/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Buyers Continue to Push Their LuckDriven by headlines the Algos continue to push price higher. This usually happens during the Globex hours where the liquidity is low. However, the day session traders can find plenty of opportunities. One only need to listen to the price action. Regardless of the short term bias the market structure provides objective levels to watch and execute trades. I haven't updated this chart much but one can see the areas identified sometime in the past continue to show reactions. The market has memory. Today's session offered long and short opportunities. But I personally was cautious about longs and executed a short when the market got exhausted into untested resistance. The chart shows the negative divergences which is alarming for longs. But one need to confirm entries with price action first. A rejection from the higher prices may lead to a retest of the trend line and potentially the stronger support below. If today's low holds we may see the buyers pushing higher targeting the all time high. Things can be interrupted by headlines again. Today is the first day of rollover to December contract. It adds to the overall choppiness. Stay nimble. 9/12/2019
CME_MINI:NQ1!
by SviCapital
4
NQ1!, Buyers in Control until They FailThe market remains in a trending mode after breaking the resistance level. The chart says it all. A notable trend line is intact until it is taken out. That would be a sign of entering a consolidation phase and potentially a short term reversal. I think that a retest of the all time high is on the horizon and before that happens the price will be trending up. The market remains overbought on multiple timeframes and stretched to upside constantly reignited by news feed. The China news never gets old for the Algos. Traders with a rational mind find that situation is unstable understanding that such moves are rarely sustainable. But for the Algos such consideration is not an issue. They follow the trend. As long as the price above moving averages they buy pullbacks regardless of the stock values. Today's day session was a continuation of the move that started in Asian session. Despite being overbought the buyers got aggressive at the bell ring chasing the price and pushing it higher. I personally expected to see a pull back to get on board so I could manage my risk. It did not happen. But the market hit my resistance level and the price action showed a sign of profit takers . That was a cue for me to short the market. At the trend line I flipped to longs knowing the Algos behavior during day sessions. Basically, the market still offered objective entries with controlled risk. Watch the price development and the trend lines. 7840 level break would be a warning sign for the buyers. A strong rejection would turn the table around for the Algos and they will be selling the rips. 9/5/2019
CME_MINI:NQ1!
by SviCapital
2
NQ1!, From Support to Resistance The chart says it all. The support and resistance area continue to function as expected. Whatever a headline happened in the Globex session it helped the support to remain intact and the buyers were grinding up back to the resistance. The market closed at the resistance. This is an inflection point. Buyers need a momentum to break through. Could be a headline to help or to do the opposite and push it back. The market is in a limbo state and suitable for active traders. 9/4/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Pullback is in Progress Not a surprising action in today’s session. A pullback was triggered in premarket and offered a short opportunity. Overbought conditions added the odds. A long opportunity was available as well in the morning session. Considering the recent bullish sentiment the buyers were constantly interrupting the correction process by attempting to turn the table. This is an action that shakes out the weak sellers - those who tried to short from aggressive locations. The broader market wasn’t that weak to support aggressive shorting. Eventually, the short term bearish bias prevailed in the afternoon session. The market is heading to retest the support area. But the aggressive buyers may be active ahead of it. Observe the action when it gets closer to the support for clues. 8/20/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, A Zero Sum GameA complete reversal of yesterday's parabolic move. This is a zero sum game: both bulls and bears make money. The market is for active traders who can read it. Use trend lines and support/resistance levels to understand where the action is and who gets a short term control. As I mentioned in my previous posts the Algos are trend following and session oriented machines. They don't change their direction once it is set. Only news events can impact that. As we can see from the chart a balance is formed right in the middle of the level. Watch its resolution. That would set a short term direction. From price action perspective it is supposed to go lower. If not then use that as a sign of reversal. 8/14/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Recent Upside Move is in Question. A day session spent most of the time balancing right at the support and eventually broke the support during the afternoon session. Whether it is a short term weakness or the beginning of a bigger correction remains to be seen. The broken support is now resistance and retest of lower supports shown on the charts is expected. If the market somehow manages to go back into previous balance then it would make this breakdown invalid and positioning long would be less risky. Stay nimble. 8/12/2019
CME_MINI:NQ1!
by SviCapital