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Nq_f

NQ - still time for the right shoulderIm long here NQ and ES, tight stop though. Needs above 11275, the target is 11380-90 by 6am or so. If we see this move before the PCE numbers, I will exit longs and go short. What if it will be a repeat of what happened last time PCE number was out. Tomorrow should move the price above the last several days range, its also a directional change day and it could be a move in one direction but outside of the range. So a low tomorrow or Monday (Im in a low on Fri/Sun for the futs) and rally into at least 5th or even 7th. The rally will be muted and choppy imo just to reset the indicators. Tomorrow is a not weekly, but monthly and quarterly closing! Should be very interesting close and if it looses today's lows we could see another 100 points plus cut Have a good night!
CME_MINI:NQ1!
by RealTima
8
NASDAQ - Potential REVERSALNASDAQ is currently at a major support. What I'm noticing is that it is almost identical price action as happened in June. Nasdaq had a major bounce on 6/15 which was followed by a heavy sell day on 6/16 (very much like today). However it was immediately reversed the following day on 6/17. The breakdown on 6/16 ended up being a big bear trap which ended up with a bull run into mid August. As usual - NOT A PREDICTION. Just an observation of price action and trying to keep an un-biased view. PLAN: Watching today's closing price and where we end up tomorrow. /NQ is at a major turning point.
OANDA:NAS100USD
by andremkv
NQ is looking much lower!Here are the levels of importance for NQ on the downside: - 11060 - 10656-500 - 10300 - 9990 The last 2 numbers are the main target zone now I want one more push tomorrow. Since it's not only weekly, but monthly and (very important) quarterly closing this Fri. Last 2 quarter ends both resulted in selling last 2 days, something to pay attention to. So a flush is very possible to start as early as tomorrow or ideally after Oct 3rd high. I have closed my ES short at 3715.50, 3710.5 from 3727 and waiting to enter with some longs, but will have stops, dont want to wake up with a huge gap down. Also Im in with some SPY 351 Oct 21st puts and some Fri SPY calls from the close. If we break down, I will be entering to my swing MNQ position. For now I want to see a standard 50-61.8% retracement to get long in am. ES is at 3665 (main target) and 3682 NQ is at 11377 and 11322 (I like 11355 as a target) Here is 1h chart with support and resistance white lines Good night
CME_MINI:NQ1!
by RealTima
13