Nq_f
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
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
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:)
NQ 4h canle crazinessWatch this candle close.
The vol is average, hunt for liquidity is whats happening out there.
Remember the latest Crypto move, it went up first right, the rest was history!
Now how many of you forgot what just happened with crypto is last 2 days after that move up?
People tend to have a short memory. Nov will be a bearish month after Oct bullishness.
This is another bear market rally, nothing else
NQ is in bear flag, as long as it holds those highs it shouldNQ is in bear flag, as long as it holds those highs it should see lower lows imo
Simple distribution and premium kill all day.
All the money seems are made during the open, now algo game
I would not do options, unless in and out as those loose value quick
VIX closed its gap and still in consolidation mode.
Ideally we bottom in Nov and see a good rally into Jan high.
NQ should see around 8.5k imo, waiting for the capitulation move
For now range trade, in and out.
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!
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
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.