NQ updateI was blocked for a week for simply mentioning my site I have it under my TradingView profile, so sorry for those who follow me here.
Here is a quick update of NQ and I will post ES later.
We should have this move down into the channel tomorrow.
One thing to note is that 29th (today) was a window for the low, so if tomorrow we see a good pullback, it will be a buy-able one
I will be posting less here as I have other commitments and really dont like being blocked for something I pay for.
Nq_f
NQ is getting close to its main supportHere is NQ chart I posted on other site.
Main support is at 10940-45, resistance is a bit over 11350
If SPX is after the gap close of 3748 and holds 3744 on the closing level, then NQ should bottom around 10950 zone as well.
I had 2 targets for the NQ 11094 and 11060, first already broken.
LIS is at 11034
More updates to come
NQ possible C&H & H&S forming on 1h and 4h timeframe regardlessThere is H&S on 4h timeframe and quite visible C&H on 1h
Tomorrow the price is set to get above or below the range.
Can it it a squeeze into CPI or we finally get below 11400.
Below 11400 will bring 11200 as next target.
NQ is the most bearish looking chart compare to ES and DOW
4h chart coming next in this thread
NQ needs one more push to finish the right shoulderCheck the vol of today's move, its nothing!
Typical Fri low vol grind
If the price stays elevated, we should grind up into Mon am.
But I will not be long if it will be a wall move into the close (last 10-15 min big up candle).
I have a turning day on the 12th, will it be a strong move down or a gap and crap, I dont know, but we are getting close!
I have a short set at 847 and 87NQ
Have a great weekend, Im on the road most of the day today, will be less updates till the weekend.
NQ made a double bottom when ES did make a new lowsIn my eyes NQ and RTY are stronger then ES at this moment, which is kinda strange to me as it was the leading for the whole move down since ATH.
Support held today (tomorrow's support box).
Ichimoku cloud (not shown here) is in a thin area, so it has a weak support and can break below the lows to finally catch up with the ES.
There is similar bull trendline as in the ES chart I just posted, Im expecting it to hold to go long.
Ideally we get t test it tomorrow or Wednesday am. If we do gap down tomorrow to test that trendline I will be buying longs and hold into Wed high.
Gaping down tomorrow will kill short the open idea and I will be looking for a low to buy instead.
NQ1!, Bull Flag Resolution in Focus4 Weeks of consolidation within a bull flag formation. The bull flag pattern default outcome is a new leg up. A breakout may unleash enough energy to reach the resistance marked on the chart. A failure to put a new leg up is the pattern failure that opens the door to retest the bull' flag pole origin. The market needs a catalyst to resolve the flag. High odds setups are available at the edges of the flag and its midpoint.
12/3/2022
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