Get started

Nq100

NQ1!, The Boys are not Ready to SellA revised chart with a smaller timeframe to see the action. A weak Globex session ended with a snappy buying from the RTH opening. It was a typical morning when the buyers don't give a chance anybody to get in at a good location :) 15 min later the Algos heard the news and reacted quite strongly shaking out buyers. The herd behavior is their signature. They created a strong momentum and it was not a good time to fade that move. A breakdown of the Globex low offered a short setup. However, in this bullish environment the target is tricky. Better not to overstay. The reversal came quite quickly. One of my support zones was slightly violated. The overshoot is typical when the momentum is strong. After struggling to go lower the market offered a long setup. The buyers quickly turned the table and created an upside action completely reversing the move. To be honest I did not anticipate a complete reversal. But the power of momentum should not be underestimated. From the market perspective nothing has changed. However, the daily candles showing lower highs and lower lows. The price remains in the balance which will be eventually resolved. It feels the buyers are on a mission to tag 7200-7220 level. Tomorrow is the last day of February trading and the buyers are eager to finish it in green. 02/27/2019
CME_MINI:NQ1!
by SviCapital
1
Nasdaq: Approaching a strong sell signal.Nasdaq has been on a very strong 1W Channel Up since the December low rising non-stop with a few -2% - 3% pull backs along the way. With 1D approaching the overbought territory (RSI = 66.984, STOCHRSI = 99.464, Williams = -13.166, MACD = 117.170, Highs/Lows = 51.8085) a strong sell signal emerges at 7,225. As seen on the chart the rejection levels are roughly where the symmetrical Lower Highs were during last year's correction. Once the rejection takes place our TP will be 7,075. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:NQ1!Short
by InvestingScope
NQ1!, Is Correction Coming or was it just a Blip?Today, the Globex buyers, driven by the news, made a marginal high and got just shy of the projected first target - December 2018 high. Before the RTH opening a few Econo reports helped to move the price lower. It was a bearish start that offered a short setup. Earlier in the morning the buyers regained the control and completely reversed the price filling the gap. Note: When trade against a short term bias wait for a good support level or wait for the market to establish a consolidation balance. The price did not reach my support level but it established and well defined balance which offered a long setup. The intraday balance breakout flipped the short term bias. Things were looking well for the buyers, however, in the afternoon session the sellers regained control again. This is not easy to trade when a short term bias gets flipped several times. But it offers the opportunities. The challenge is to recognize a failure of the other side. The buyers managed to close at the balance edge, see the box, leaving the traders uncertain about what to expect. Notes for tomorrow: -The bullish case is not negated by any means. The sellers could continue to push lower but I expect the buyers to step in at every support level. - Both short and long setups should be considered - Failure to hold today's low opens a door to retest bottom of the balance, see the box. - Failure to push lower beyond today's low opens a door for upside move to retest today's high. At this point a lack of data points prevents to say what larger time frame pattern is unfolding. Whether we see a beginning of much anticipated correction or just a blip remains to be seen. The end of month is approaching. So far the average monthly range is not used. We either see a spike in volatility in the upcoming week or it would be a narrow range month. 02/21/2019
CME_MINI:NQ1!
by SviCapital
2
NQ1!, Primed for a Directional MoveThe market continue to balance in a narrow range for some days now. This is usually a sign for a bigger move to come. Today, the FOMC minutes brought some volatility without making any changes to the existing structure. Surprisingly, the VIX made a new low 13.99. NQ had a few nice swings to trade after the minutes announcement. They were short lived and required a precise execution. I usually take a few stabs with small stops. When a swing is caught and surfed it pays off and those small losses are history. Today, the market tried to breakout out of the recent range but failed to follow up. It was related to a low volume and pre-FOMC period which usually just a choppy time waiting for the news. I don't look at it as a failed breakout yet. 02/20/2019
CME_MINI:NQ1!
by SviCapital
1
NQ1!, New Feb 2019 HighA new February high was set in pre-market. Kudos to buyers. The spike ran some stops but the price quickly retreated offering a short opportunity around 7070 level (top of the recent balance). This is a typical and a high probability setup to fade a move. When the price is grinding up shorting requires a precise timing and a lot of patience. But when the top is blown and the price is exhausted the shorts work very well and quickly. Eventually, the price came back to previous day range support and offered a quick long setup. After that the market was chopping in a small range. Some observation. The February POC (point of control) has shifted up to 7020 level. The 6970 level is a line in the sand. Loosing it would invite more selling. Today's spike, created by overcommitted buyers, is something to watch as well. It could be viewed as a false breakout and a selling tail of the recent balance (7070 top). If this hypothesis is confirmed we could see more selling. This is a larger timeframe pattern and it could take time to unfold. If not, then the buyers will continue their marching to upside targets: Dec 2018 Hi, Top of the projected balance (empty box). Watch 7043 level - a 3 day POC. A lot of energy built around that level. It usually serves as a launching point of a directional move. 02/15/2019
CME_MINI:NQ1!
by SviCapital
NQ1!, Bulls Have Retested Top of the BalanceA bullish day. But if you look at the price action there is no change to the market structure. Bulls made a run from the bottom of the balance to the top. Keeping the price above today's RTH low 6954 or 6940 (50% of the entire balance, gives the bull a chance to break out the 9-day balance and move higher to December 2018 high and 7230 which is the top of the projected extension (empty box on top). The balance helps the bulls to build energy and eventually slice through 200 daily MA watched by so many eyes. I would be cautions to short if the breakout happens. The market will switch from the balancing mode to development. Shorting will work only if a failure of the breakout is detected and obvious. If not, be a buyer and find the best possible price to get in. I have mention before that I don't use any indicators, however, on one of my charts I use 20 EMA with the only purpose to keep me honest. When it is pointed up and the price is above it the shorts have less chance to work and vise versa. The Algos do use it to re-enter or defend a pullback to it. I watched the price action on multiple timeframes and I can assure you that 20 EMA is respected. The benefit of this market is unidirectionality. Seems for the Algos it is much easier to go on in one direction until the price reaches some target and then it reverses. The art is to recognize that cycle and be the best buyer or seller without asking why it does what it does when the environment is not conducive for that direction. 02/12/2019
CME_MINI:NQ1!
by SviCapital
3
NASDAQ 100 - Looking to ride wave C.I'm watching the NASDAQ as it's approaching an area where I would like to take a short. I think that it is possible the NQ is still due a violent wave C. This is because the volume on the leg down is much higher than on the rally that has followed. Therefore I am expecting a failure to achieve a new high followed by a move to down to find support. If we get a wave C, it will be 5 impulsive waves down with the 3rd likely being the worst. The idea is invalid if NQ makes a new ATH. This is also a longer term play and I am not expecting anything to happen near term. Zoomed Out Monthly
CME_MINI:NQ1!Short
by MaxxCharts
1
NQ1!, New Balance Range EstablishedThe market pulled back to previous 3 day low and completed the range. I have put a box around the new range to watch. This is a normal market action - a development phase, finding a short term top, finding a short term bottom than consolidation within that range. Even though the daily bar looks bearish in reality there is no damage have been done to the bullish case. The breakout from the balance below remains intact. I anticipate that the buyers will continue to be active at supports. A break below today's low would be a red flag for the bulls. 3 scenarios could play if that happens: 1. An accelerated move to 6687 Jan 2019 POC 2. A retest of the breakout area 6800 and push back into the 6 day balance. 3. A potential breach of the 6800 with a snappy push back suggesting a false breakdown, which will be ideal in order to push back above 7000 Of course the market can do something else and offer a completely different scenario. Tomorrow is Friday and options expiration event. Based on the implied volatility and expected moves for the week ending February 8 the ranges are 6759-7000. The upper target was tagged earlier this week. Here is what to watch first. The RTH session spent a lot of time building a balance 6856.25-6900 with 6889 POC. That balance was broken to upside suggesting that the buyers re gained a short term control and stabilized the price. If 6889-6900 level holds the buyers will go to retest today's high. Today's low is the last resort... My personal bias remains neutral-bullish. I'm not projecting long term targets. I prefer to consider inflection points and what the price does around them. Even in today's selling there were a few decent long term opportunities simply based on the observed price action. 02/07/2019
CME_MINI:NQ1!
by SviCapital
4
NQ1!, Balance Breakout Remains IntactThe recent balance, last rectangle on the chart, remains intact. The price is on the path to retest December POC and December high. These are objective targets based on the market action theory. Return into the previous balance would suggests some weakness. It remains to be seen how the price behaves if that return happens. So far the bullish bias is intact as well. AMZN reported last week and pulled back to its support dragging down the NQ price. But it is at the support and support remains support until broken. An interesting fact about the AMZN. Despite having its share buy back program approved for $5B they spent $0 on it and continue to invest money in the infrastructure development. I admire that. I wish other companies followed that example. Friday was inside day, the price needed to rest and process the previous day breakout. I was watching the price action closely on 5 min timeframe, which is one of my preferred timeframes for day trading. The Globex traders tried to bring the price down but 8:30 EST NFP report push the price right back in. That was a clue to get long at 6872 level, which is November 2018 POC. The price managed to reach the first target - previous day RTH close, but the bulls were not able to reach the second target - January 2019 Close. As I mentioned above the AMZN dragged the price down outweighing AAPL buying. As I mentioned before, I don't use any indicators. By nature the indicators are lagging and can fool a day trader. Instead, I look at the market action artifacts and use market profile as a graphical tool that helps to cut the noise and visualize the market action. From my experience, this is the only true and unbiased way to trade. The price tells a story. At this point I consider a few near term scenarios: - A break above recent high would suggest the continuation of the upside move to retest the December 2018 POC and Hi - Retest of the recent break out area and consolidation - Breakdown of the recent balance and move to January 2019 POC. This one could suggest a false breakout pattern and more significant impact. The market is a complex organism, the scenarios may have deviations and be interrupted by news but the price action analysis is helpful to detect what is supposed to happen and what did not happen and that is a valuable information. 02/02/2019
CME_MINI:NQ1!
by SviCapital
5
Nasdaq 100 Futures - Is the BOTTOM in place ???NQ1! Here are several zones, levels, and projections of where I'm looking for price action to occur over the coming week(s). There is 'some' confirmation for me to believe that we just saw the bottom put in place (for now) with potential to reach new all time HIs. Within each zone or level, am using other price action confirmations before entry (usually double bottoms/tops) and with the wide ranges we're seeing lately, targeting 50, 75 to 100+ points on each trade. If price falls to new LOs, below, the red band levels, then I will look at flipping this entire idea to the reverse short side - simple. Will find out very quickly with the previous close just coming off the LOs.
CME_MINI:NQ1!Long
by ProSTrades
1
NQ Trade ScenariosWith Nasdaq Futures seeing high volatility in a bearish trend, there are 2 levels that I like for a trade with the thesis that as long as we are below 7210, we are going to test the 6900 lows. Trade Setup 1: I think a retest of the lows would be a successful and see at least a 100 point bounce. Directional Bias: Long Price Target: 7100 Good Entry: 6900-6930 Risk/Reward: Max risk of 30 points, 200 point potential reward Trade Setup 2: I think a open to the beginning of the week would create a nice short opportunity for a potential of 300 point downside. Directional Bias: Short Price Target: 6900 Good Entry: 7200-7230 Risk/Reward: Max risk of 30 points, 200 point potential reward
CME_MINI:NQ1!Short
by ridethemwaves
3
NQ Futures Long2The trade idea I posted last week, we never got the price target to set up a nice short. However, the trend was clearly down and there was no signal to long until the look below and fail on Thursday down in the 6900-6930 area. Give the close we had Thursday/Friday, it looks like some buying algos showed up. Weekends can change the complexion given our heightened volatility but it looks like a long trade is setting up for a test of the lower 7300s at least. Directional Bias: Long Price Target: 7300-7320 area Good Entry: Retest of the speculative red trendline at 7100-7130 or a break above 7200 intraday Risk/Reward: Max Risk of 30 points/100 pt+ Reward Good luck to all.
CME_MINI:NQ1!Long
by ridethemwaves
1