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Nq100

NQ has the same as ES setupCurrently at the support zone, a long can be taken with a tight stop Needs to test the bull trendline imo before any significant bounce. For now its quite far way to test though. NQ should be leading in big 4, so must watch on the decline we get next week. Main resistance is the previous high into the resistance box, it has not to even get tested for lower lows to be seen. If tested and taken, all the NQ downside targets like 8.5-9k will off the table, at least for the short term. Must continue lower and test the first box of the support, if the bounce will be short lived and weak, expect more weakness into the main support zone and the uptrend channel test
CME_MINI:NQ1!
by RealTima
SPX all eyes on my 4010.50 on closing level!We have touched the first target in am and sold off hard below maj resistance level - 4010.50SPX Closing below will be very bearish. Whatever the news triggered, was expecting those to come at any time. Those in satanic club are pushing for the big war and it wont be bullish!!! We should see lower lows in Dec, Nov should close lower and Dec will close higher then Nov. Monthly lowest close will be in Jan and intraday low Mar/Apr The maj flow from Europe should come next year and it will propel the markets up, hard! So the next year buy should be a great long opportunity! There is a huge liquidity crisis and FED's reduction started to hit the books today. First low should come on Nov 17th and then bounce. Lower into EOM is what I see
SP:SPX
by RealTima
9
NQ riding the trendline, it will loose it at some pointThat trendline (black) is what Im watching for the NQ to get a confirmation of a breakdown, without it it can extend higher. Needs to break the line, close 1h under 11735 and re-test the broken trendline to confirm the top. As stated before, Im going to reduce my protective longs by 50%, if we gap up tomorrow, already started here. BTW one important thing is that NDX topped at the crossing of some very important trendlines, it was a trendline confluence today:)
CME_MINI:NQ1!
by RealTima
Nasdaq 100 - Something feels terribly wrongOver the past few weeks, there were quite a lot of things happening - “the market bottom,” “crypto bottom,” “trend reversal,” and so on and on. Again, people rush to make hastily conclusions as the market turns from extremely bearish to fearful of missing out on the real primary trend reversal. Before the CPI, we came forward when QQQ stopped its decline 0.11$ above our price target of 260$ and said we would abstain from setting a price target and wait for the data to come out. Yesterday's price action is exactly why we did that. The market participants' desire to see the market go higher after a horrible year of underperformance pumped up the Nasdaq 100 index by 7% before the market closed. However, the reality is that inflation continues rising, despite a small surprise in regard to analysts' expectations yesterday. Indeed, in our opinion, it makes no change for the FED, which will continue to tighten the economy further; merely, it will give it more room not to crash the economy right away. This development comes as a temporary lifeline to the market, which is still seeing the unwinding of the FTX insolvency issues. The stock market and cryptocurrencies continue to see gains across the board today. Despite that, we can not unnotice that something is still terribly wrong; this applies to both the stock and cryptocurrency markets. First, yesterday's move continues to be characteristic of the one in the bear market. For example, in the 2020 crash, there were at least three days with a daily range of more than 10% (for NQ1); examples are shown in Illustration 1.02. Second, volume declined dramatically toward the end of yesterday's session. In addition to that, the peg between the USD and Tether continues to be destabilized, despite retracing much of the move. This development worries us as it might foreshadow another “unexpected” event in the cryptocurrency market, which will also inadvertently affect the stock market. Therefore, we voice a word of caution as we are not yet convinced this is the market capitulation everyone has been waiting for. With that being said, we maintain our price target for NQ1! at 10 000$. Illustration 1.01 The image above shows examples of down and up days during the 2020 crash before the FED cut rates to stop the drop. Technical analysis - daily time frame RSI, MACD, and Stochastic all turned bullish with the market bounce. DM+ and DM- performed a bullish crossover. Overall, the daily time frame is bullish; however, the trend is weak. Illustration 1.02 Illustration 1.02 displays the declining volume prior to yesterday's close, which shows signs of exhaustion. We will pay close attention to whether it will be sufficient in the coming hours/days to sustain the rally. Technical analysis - weekly time frame RSI and Stochastic point to the upside. MACD tries to reverse to the upside. DM+ and DM- are all bearish. Overall, the weekly time frame is bearish. Illustration 1.03 Illustration 1.03 shows a setup for NQ1!; if the price will manage to hold above the level, then it will be bullish for NQ1!. Illustration 1.04 The above is a link to the article about Tether, which we published during the Luna crash. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
CME_MINI:NQ1!Short
by Tradersweekly
28
Nasdaq Weekly Forecast 14-18 November 2022 Nasdaq Weekly Forecast 14-18 November 2022 Currently the implied volatility for this asset is around 4.28%, down from 4.41% of last week. From volatility percentile, point of view, we are currently on 75th from ATR and 67th from VXN index. With this volatility percentile values into account we can expected on average that the weekly candle is going to be: 3.41% for bullish 3.7% for bearish With the current IV, we can expect with a 76.4% probability that the market is not going to close either above or below the next channel: TOP: 12311 BOT: 11270 Lastly, based on previous calculations, we have: 79% to hit the previous weekly high of 11900 26% to hit the previous weekly low of 10750
CME_MINI:NQ1!
by exlux