NQ as long its below 10990-11000 its bearishI missed am rally, exited one long from yesterday at the open and didnt re buy again, was too slow
Now I have added back to my swing short here (some was sold at my 645 and 685 levels I posted yesterday)
Watch that bold support line, its a very important place for the price!
Congrats to those who took a long this am!
I was saying about this rally yesterday it came super fast.
Its Fri, do not over trade! Have stops if you are in green, it can turn against you at any time!
Nq100
NQ support got sliced!10905NQ got sliced, now its a resistance. Want to see at least 1h candles to hold that level if tested to confirm the breakdown
Im still not in a crash mode till at least after the elections. But as mentioned before Nov will /can be very volatile and red month!
ES tested the broken support from the bottom.
I have entered with small long, will add
NAS100USD on a retracement move 🦐NASDAQ on the 4h chart is trading below two important resistances.
The market in this premarket session is moving to the upside in a retracement move.
Yet we expect a progression of the bearish pressure on this asset.
How can i approach this scenario?
I will wait for the test of the resistance area and IF the price will provide us a sign of inversion i will set a nice short order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Look where NQ closedYou tell me if its bullish setup into next week or not.
Gaping up and holding the breakout (white line) support/resistance will be def a breakout, otherwise Im not in that camp, even if its going to gap up on Sunday open.
All ES and SPX extensions I was looking, got hit.
Monday can be (and I think it will be) a very bearish day, lets say Spooky Monday!
Cant say happy Halloween as I dont cheer or celebrate dark/evil holidays, but it def can be one for the markets.
Have a great rest of your weekend, I will update SPX chart tomorrow.
NQ is in clear bear flagI didnt have much time on research today, busy day.
But I did spend some time on the NQ, as I didnt do NQ update for a while.
I will also add comments to this post after I do my other research and go through few others updates I follow.
So stay tuned, high chance this chart will get updated with extra comments several times.
So as you can see on the chart, we are in a small (compare to the rest of the year) bear flag and we are already in most overbought conditions for this year including TRIN number and volume.
My best extension (if it was not topped yet and they will push it higher before the elections) is at 12110-50NQ, with the top of the channel at 12250-300.
But first it has to close above recent highs - 11750NQ
I do expect a yo-yo style (outlined on the SPX yesterday) going into EOM and then Midterms.
But the ideal target for this year is actually at 8-8.2k zone!
I know it sounds crazy, but hey wasnt today's numbers crazy early this year?
Some are still in denial.
I do not call for a crash any longer, as we are out of that window astrologically and cyclically but I want to see another 25-35% cut from today's levels before this is over and we bounce hard into a bigger B wave
No new highs next several years at min, maybe after 2026 if not 2032. I do expect 1999 and 2009 pattern, check it out.
Again I might be wrong as anyone else out there, but this is my long term view, gotta stick to it till I see clear changes in trend.
My plan for the short term is the same, its short tomorrow (Im already swing short) into EOM or 1-2nd FOMC rate decision) which should spark a rally and ideally mark the temp bottom going into the Midterms.
They might make a big hike and stop for this year. Canada already increased .50 points instead of .75 points today, so FED can surprise.
After the Midterms is where it gets tricky, I think we will have a last move down into week of 21st of Nov low, that should mark the low for the year.
Can we extend into next year, yes we can, I will be updating you with my view going forward into mid of Nov.
If something not clear, just shoot a question below this post.
Here is zoomed in chart
Also please dont forget to press that 🚀 sign under this post to push it up in algos for others to discover.
Watching the NASDAQ100 e-mini Weekly 200ema 11.5/11.7 resistanceWatching the NASDAQ100 Weekly 200ema 11.5/11.7 resistance
A move up & hold of that 11.5/11.7 looking for upside continuation to 12.1/12.5/12.8
Failure to retake that Weekly 200ema I look for more downside pressure & a possible retest of the lows at 10.5
Nasdaq 100 3day 50ema/200ema Bear CrossoverWhat's up everybody? We are breaking down the Nasdaq100, 3day 50EMA/200EMA bear crossover that we just witnessed and we are going to break down when it took place throughout the history of the NQ100.
You can see the crossover here. Very important levels, very choppy day.
The last time we got this crossover on the 3day of the 50EMA/200 EMA was September 2008 . We got a 29% drop. Again, this is a conservative drop. This is well after the cross. We see -29%.
Prior to September 2008 we see the 3day 50EMA/200EMA bear crossover in February 2001(the tech bubble) and we see a huge -55% decline.
The 3rd time is the one out of the three times that we did not see a collapse. This was the bottom signal back in November 1990. That's why it's very important to watch these levels here.
So what we're looking at, we're trying to see if we can push up and hold the 20EMA on the Daily here. And again, if we zoom in, you can see this is the area where we got the bear crossover on the 3Day. Bulls want to see it push up and hold the Daily 20EMA at 11,252 and test the Daily 50EMA around 11,732.
Again, NQ100 testing the Daily 20EMA and is getting overbought on the stoch rsi. The last time we saw that, we saw the push down. Very interesting levels here.
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
NQ had only 50% retracement off todays lows!NQ is so much weaker then the ES, it got up to 50% retracement when ES had a perfect 61.8%
Also on this move down it made a lower low, def leading to my eyes.
ES has bullish setup, NQ has more room to go before its going to test the uptrend channel.
Todays close will be interesting. If weak, then tomorrow we can gap down
NAS100 USD NQ1! NASDAQ 2022 Oct 17 WeekNAS100 USD NQ1! NASDAQ 2022 Oct 17 Week
Very good channel support long and short from 11035.
Price still adheres to the downward channel.
Short preference remains.
Possible scenarios:
1) Long on temporary retracement / channel support
2) Short on channel resistance
3) Short on test of break on breakdown of channel support /
10305
Weekly = Ave vol down bar close off low = some demand present
Daily = High vol up bar followed by down bar = effort no result
H4 = Ave vold down bar close at low = minor supply
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 13200 12735
12140 11647 11117
10600 10359 10000
9748
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
(Updates will be on a fortnightly basis)
S&P500 2week 20ema/50ema Bear Crossover - Historic2degreez here. I am now eyeing the S&P500 2week 20ema/50ema Bear Crossover
It has historic significance as does the prior Weekly 20ema/100ema Bear Crossover that I have published previously.
This video shows a quick look back at the prior historic 2week 20ema/50ema bear crossovers and the subsequent moves down.
I also take a quick look at the NQ100 and how it is leading the way on these bear crossovers.
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Nasdaq 100 Analyze(10/05/2022)!!!Nasdaq moved as I expected ✅👇
Nasdaq was able to make an Expanding Triangle.
I expect the Nasdaq to go down at least to the🎯target🎯 I specified on the chart.
Nasdaq 100 Analyze, (NQ1!USD), Timeframe 2H⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.