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Nq_f

NQ to make another daily engulfing pattern if we make below 790The price rejected the test of the broken trendline - perfect kiss of the death pattern. My thoughts about a fakeout were too optimistic, I was looking to add to my NQ short at higher levels and it didnt present an opportunity. Main target for this move is 11175-85 and possibly much lower. Try not to day trade this, unless you're quick with taking profits and run NQ same as the SPX, looking for a good size rally after the FOMC and fade completely by Friday Going to short a bounce, if presented P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
CME_MINI:NQ1!
by RealTima
9
NQ Zoomed out chartCheck the broken to the downside trend channel re-test NQ is having now. So far its riding it from the bottom. I wont count out a fakeout move up to 12150-60 or even 12240-50 and then going back below the bottom of the trend channel. Support is at 11900 for tomorrow long try. If we see that level during the open time, I will be taking long for a 100+ points ride up. The most bullish case is - re visit 12700 level. But the time is really running out and unless we get a huge squeeze tomorrow, I think the upside will be very limited and the price will eventually get to my main target - 11175-200 and maybe much lower. Oct should mark the low and Im wondering if we even see 9-10k zone tested. So far Im planning on adding to my swing short tomorrow and just seat on it till after the FOMC decision move. Im running some ES longs against my main NQ short, ready to cut at 3919ES level. This is my working chart and I have hided as many indicators as possible, so you all can see the chart more clear then it is:) P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
CME_MINI:NQ1!
by RealTima
$NQ_F: Looks like a weekly uptrend could triggerIf prices hold up during next week, equities can stage a substantially strong weekly advance. The same pattern is visible in $ES_F and $SPY overall, and also crypto. We might have seen a long lasting major low set in stone in markets across the board. Prices of oil have come down more than 30% since the top 6 months ago, this gives equities a boost over time with a 3-6-9 month lag to reap the fruits of the lower cost of energy as a tailwind for the economy going forward (as depicted in @timwest's publication on the subject, see related ideas). People had reached peak pessimism lately, and even though meme stock gamblers still are around, I believe they might not represent a significant contrarian signal for the broad market but rather simply be the latest incarnation of the penny stock gamblers and pump and dump forum users of old, as a new generation of traders joins the market. Over time we will know more but I suspect this is a meaningful juncture longer term and we should all be paying VERY close attention to the developments in energy, the war in Ukraine, China and the fate of Xi's leadership and zero COVID, renewables and EV adoption and monetary policy of course. Going forward we have various headwinds as well, potential increase of labor costs if deglobalization/reshoring takes place, higher than target sustained inflation rates and gradually higher bond yields after being suppressed for years in a world in a state of lull for a decade, etc. I like the idea of focusing on a few core themes and managing risk in concentrated bets to milk said themes in the event of a rally, so my positioning is spread across a small list of individual names, rather than index products. Although it's interesting to track developments in index charts as well. Best of luck! Ivan Labrie.
CME_MINI:NQ1!Long
by IvanLabrie
1
NQ fullfiled the IHS targetPosted this on the Sep 8th: We hit the target! Now support at 12465. I will be shorting tomorrows open if we re-test the highs. Looking for a low on the 13th and press higher. If we see the high on the 13th instead, then we down into the 16-19th. My ideal pathway is low on the 13th and up into the 19-21st, then big sell off into EOM If we get above 12830, then we should test 13215NQ next, that would be my ideal target after the 13th low Will do SPX update in a bit and one more for those who are on my email list. PM me with your email address if you want to be added to that list, its free, I dont charge anything for sharing of my work, but accept "thank you":) Enjoy rest of your Sunday! P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
CME_MINI:NQ1!
by RealTima
9
NASDAQ 100 TARGETING 13,000 NEXTIf nasdaq 100 #nq_f futures close over 13,000, the likelihood of taking out the august high is extremely likely, and september month would go engulfing bullish green candle, shocking everyone by reversing traditional cycles. The same thing happened already in 2022 when april had a huge red candle, reversing traditional cycle theory that calls for a green april. Until we break the recent lows, bulls have full control of current market trend. A break of recent september lows would signal extreme downside targets for all indices, as the june 2022 lows would surely not hold.
CME_MINI:NQ1!Long
by mjmassens
NQ is in breakout mode (note the gap due to Sep to Dec contract)NQ has switched its contract on TV to Dec, looks like a gap up. Im short right here and some from the close. Today's close was into the wall last 10 min pump, closed below intraday highs = not bullish. Needs a gap up or we should see much lower levels tomorrow. Last few weeks we dump big on Friday's, will it repeat tomorrow? My bet is yes. Ideally we see a higher low tomorrow and retrace hard into last hour or 2 of the day and never look back, that would setup a move for much higher next week Its VIX OPEX on Wed, triple witching week 200MA here on 4h chart is the ideal target for this move P.S. Dont forget to like my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
CME_MINI:NQ1!
by RealTima
3
NQ is at its resistance lineIts hard to call the bottom call from last night, as I mentioned only my gut feeling of the low being in, as the markets were on the verge of breakdown. "Its really Do or Die territory. My gut feel is telling me we will hold it, but you dont trade based on any feeling..." I did take 40 points and run and didnt trade much this am, working on something exiting, hope to share it in a month or two... So far we have bounce off the 12280 resistance zone, needs above this trend line for real breakout, for now its still in short gamma P.S. Dont forget to like my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
CME_MINI:NQ1!
by RealTima
2
NQ has a chance to push hereUpdated chart Needs to hold the broken trend channel, ideally we re-test the broken down zone of 260, might not get as far if this is for real. Has to take 188-90 for the 260 become next main target New target to hold is 12030+- Very important to hold! I dont want to be in a crash mode, but no one expects it makes it more probable. So be careful! P.S. I like this downtrend channel, much better then another bear flag, when we break it, we can finally be moving. 12030 target looks good for the touch of the bottom trendline
CME_MINI:NQ1!
by RealTima