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NQ1!, First Sign of DistributionA balance breakdown on Friday is a first sign of distribution. The monthly pivot reaction to watch. This is the area where we may see attempts of each side either continue downside or reverse back to retest the broken balance. Regardless of that plenty of good opportunities ahead! The daily breakdown bar has created a lot of talks among the traders and media. This is normal... The next red daily bar would create even more. The market maker is in the business to create the fear environment with the ultimate goal to buy back at discount. It works that way since the day one of the Wall Street. :) Even if the market enters a bear market violent rallies to upside are expected. Those are good opportunities for day traders. 09/12/2021
CME_MINI:NQ1!
by SviCapital
NQ1!, Market is at an Inflection PointThe market finished the last week at an inflection level. The rising bottom, higher lows, is suggesting a potential breakout and a retest of the monthly R1 (15250 ish) level. That level may attract profit takers . Many are puzzled by a relentless upside move. Even smaller advances but still the more important part is no selling. My personal view is only technical. As a day trader with 1000s hours of screen time who watches the moves days in and days out on a tick level. Market is very technical and driven by machines(Algos) in auto-pilot mode most of the time. Their masters don't see a reason to override that behavior at the moment. Potential scenarios for the upcoming week: - A breakout and a retest of the monthly R1 and above - A breakout and return back into the consolidation - a fake out. That may lead to a retest of monthly pivot and even monthly S1. - Horizontal development - continued consolidation within the narrow range. This type of action would build even more energy for a strong move up or down. 08/15/2021 50 year anniversary of US dollar/gold divorce.
CME_MINI:NQ1!
by SviCapital
2
NQ1!, Summer Bullish DriftLast week the market drifted to a new ATH. It was kinda a sneaky move with low odds considering a lack of volume. One would expect a stronger breakout coming from a multi day consolidation area. Well, larger patterns take time to unfold. From the market structure perspective, which is the only objective way for me to trade, no changes in the sentiment. There is no noticeable commitment by either side though. A monthly R1(15250) is a potential target for the buy side. The monthly pivot is a potential target for the sell side. The next week is a CPI report. It may attract participation. 08/08/2021
CME_MINI:NQ1!
by SviCapital
NQ1!, Pullback-Continuation to WatchThe upswing initiated back in May remains intact. The most recent shallow pullback (23.6%) is complete and the price broke the upper edge of the consolidation. At this point a continuation is expected aiming to reach 15500. The price may return to retest the breakout area to either confirm or invalidate the intent. This is the price-action 101. Too many traders expect a correction to start and this is what continues fueling the bulls. In my view, failure to continue and return back into the broken balance would be a consideration for a potential correction start. The next week the mega-techs are reporting. I expect a spike in volatility. 07/25/2021
CME_MINI:NQ1!
by SviCapital
NQ1!, The Price is JammedThe market is in the correction mode. The recent bear flag is intact. A new leg down is expected for the pattern to succeed. Buyers need a motivation to create a strong moment to slice through 20 MA. The first test found responsive sellers. The month end is approaching and the Memorial Holiday may lift the buyers spirit to make the move. The sell side sees the 200 MA as a magnet. It is a clear objective. The current location suggests a choppy 2-sided activity within the bear flag. 05/23/2021
CME_MINI:NQ1!
by SviCapital
NASDAQ Elliott Wave View: Extending Higher In Wave ThreeShort term Elliott wave in NASDAQ suggests that the cycle from March 05, 2021 low is unfolding as an impulse sequence. Up from March 05 low, the rally to $13287.25 high ended wave (1). Down from there, the pullback in wave (2) unfolded as a zigzag structure where wave A ended at $12681.75. Wave B bounce ended at $13172 high and wave C ended at $12609.42 low thus completed wave (2) pullback. Above from there, the initial bounce in wave 1 unfolded as a diagonal where wave ((i)) ended at $12881 high. Wave ((ii)) ended at $12676.25 low, wave ((iii)) ended at $12988.50, wave ((iv)) ended at $12807.50 low and wave ((v)) ended at $13003 high. Then the pullback to $12776.50 low ended wave 2 & index has turned higher in a nest within wave 3 of (3) favoring more upside. Near-term, while dips remain above $12609.42 low expect index to extend higher in a nest looking for more upside towards $13689.46 -$14357.63 area higher before a pullback can take place. We don’t recommend selling the index and expect dips to find support in 3, 7, or 11 swings for further upside.
CME_MINI:NQ1!
by Elliottwave-Forecast
16/12/2020 #NDX $NDX Bullish Yes But OverextendedAnother strong up yesterday. But on a bigger picture, price is just consolidating. My bias zone at 12468.1-75.3. Possible bounce at this zone. 12508 and 12536.6 should possibly trade today (counter-trend). Looking for possible short to this level. Above R are 12624.7 and 12656.4 with 12723.4 possibly capping high of day. Below 12468.1, lower levels are 12415.8-12422.9 (support zone) and 12350 should cap low of day. Below that 12285 is another level of support.
OANDA:NAS100USD
by FadeMeIfYouCan
2
02/12/2020 #NDX Up move continues#NDX made ATH yesterday and came down. Difficult to call the tops. What I see we need to get higher and have a sharp rejection before we can have a change of trend, meaningful correction. Price now 12441 within blue zone. If above, resistance are at 12545. 12631 should cap high of move, giving a low risk sell level. Below 12431, look to sell to 12341-47 and 12221-31. Both are strong support zones and should offer a bounce. 12147 should cap low of day.
OANDA:NAS100USD
by FadeMeIfYouCan
30/11/2020 #NDX Pullback Complete?Trend(Daily/Weekly/Monthly): Up/Up/Up Late post today. Selling occured in Asian session but buying up now in European. Based on price action, price is still quite in an uptrend so tough to be bearish. We need another sudden sellling wave to come but momentum seemed to have slowed for now. My blue bias zone is at 12177-87, which we are now still above it. H4 looks very bullish now if you want to short, look for better location. Above R are 12249, 12304, 12349 and 12419 should cap high of day. Below 12177, supports are at 12139, 12097 and 12065-12077, strong support zone which should cap low of day. 12009 will be lower support for reference. Personally, I might go counter-trend short if 12249 fails, targeting the blue zone and watch for reaction for next move.
OANDA:NAS100USD
by FadeMeIfYouCan