NQ perfect touchdown of the bottom of the trend channelNeeds to continue here and I want to see 12700 on this move up, otherwise its going to break next time we test it!
Nq_f
$NQ1! - Get Ready!ST Trade idea $NQ1!
Break out to either direction, we do have ADP very soon...
ENJOY!
TJ
NQ perfect hit of the ideal target!Got this again right when people were doubting last week of this happening with permabull calls!
Im all out of short and long here, ideally we re-test 12650-700 and maybe even 13300+
Also long with lotto calls.
NQ perfect hit of the second targetOne more target to go, will be great to have it all next week to buy longs from there
NQ first target (orange line) got hit2 more targets to go, ideal target is at 12300 or so
Any bounce is the short now
Have a good weekend
NQ is in the wedge, showing lower into the 29thIm shorting this move today and will hold into the 29th, then long for the window dressing rally, ideally we top on or right after the Labour Day
on 1-3min it's a clear bear flagging, next pump will get me short with a stop above the highs
NQ into the resistance zoneOn the road all day, quick chart update from my phone.
Im flat at the moment, will short one more if it back to 13009-13, tight stop.
We didn’t get a follow through at night, but we did make a new low, I covered 50% there and the rest was stopped at night.
Now watching for lower low or double bottom. Above can be a sign of the temp low in place
$NQ1! - Get Ready!$NQ1! - Get Ready!
It's brewing a break to either direction, remember we do have Powell on Friday (Jackson Hole)
TJ
NQ zoomed outIf this really goes, then 12700 will be a quick stop and it can fell very much all the way to 12200-60
There is an interesting trend line cross support at 12200 level, something to watch and visible on my chart
Support numbers below
12700
12450-60
12200-60
Needs to open tomorrow above today's highs to make it turned up and see a high on the 25th instead of a low.
3 orange lines are my support targets
NQ didnt get a follow through at night, stopped half wayI want to point out this bear flag, both on the ES and the NQ, perfect fib alignment into 12703-20 zone.
Tomorrow is a panic cycle day, will it be a gap down and reversal or we just break down?
My timing for the low is still the 25th and possibly 29th
Will do ES update next
No one expects another gap down tomorrow...It seems everyone is bullish now and desperate for a move up.
There is a chance of seeing the whole move down to 12700-20 by tomorrow tomorrow am!
I will be shorting any bounce with a tight stop and going long at 12700-20 for a good size move up, maybe even to new highs.
The R/R is much better at 12700-20 then at this point.
Have a good night
NQ is following the script, such a good boy!NQ main target is 12700-20 as per my last update.
Its not as far any more isnt it
Notes from the last night update:
NQ:
- Tomorrow's important levels to hold at 13100 and especially 13065
- I'm looking for the NQ to hit 12700 zone by the 25-26th on Aug and then a last push to 13900 by Sep 2-6th to finish this move up. This is a bullish pattern I'm watching
- There is also a possibility of a lower high of 13400-13450 off 12700 low. This is a bearish scenario going into Sep.
NQ has a patheway to 12700 and to 13900 after thatIm tracking the pathway of the NQ to hit 12700 zone by the 25-26th on Aug for a last ideal push to 13900 to finish this move up.
There is also a possibility of a lower high of 13400-13450, but I will update on what I see after we hit the ideal low
Tomorrow's important levels to hold at 13100 and especially 13065
NQ opens into the target zoneVery important to hold this target zone, as I do expect the temp low to come tomorrow, small rally up and continue lower into 25-26th.
Then high on the 2nd, where the bulls will get trapped!
13120NQ must hold on hourly closing level
$NQ1! - What's next?NQ1! - What's next?
It's time to for PB as I stated at start of the week, imo it seemed over extended and I looking a LT positioning with NQ & ES at this moment of time 13250 for NQ is the next support areas. However, if we break above 13 and half areas, I will be re-thinking the idea of execution. We have DXY heading higher, and perhaps re-test highs on DXY. Overall, the key important information will be Jackson Hole.
TJ
NQ main support for tomorrow 13273 and 13210Im looking for a good size gap down tomorrow to mark the top, otherwise we can still press higher .
The low should come either on the 22 or 26th. I personally like second date as it would be a perfect long setup going into the long weekend bull trap.
Ideally next high (if we topped) is a lower high. Also will be looking at turning week, if we close lower then next one, then the low might come on the week 29th and high before Sep OPEX.
Since cycles are inverted a lot (usually the case in Aug), I have no clear picture of the maj top being in place or when it comes. I got 2 dates, early Sep or Sep OPEX week.
Im short going into the next week.
Will start looking at swing short position only after we break 13115
Daily analysis & day trading setups on NASDAQ NAS100USD 20220817Happy Mid Week Day, Happy Wednesday, Happy FOMC Day,
NASDAQ has given up 13570 level which was vital turning point. Break of 13530 & 13480 will open downside. Reversal from 13530 & move above 13620 means we are in another bull run to 14k
Line in the sand is 13570.
Macro US Retail Sales, FOMC
Buy
Break: 13550, 13645, 13750, 13900
Reversal: 13460, 13375, 13230
Sell
Break: 13485, 13390
Reversal: 13670, 13785, 13940
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
NQ - very important to hold am high!Holding am high will get us eventually to 13205, ideally tomorrow, then another good size bounce on Thursday.
NQ quick night updateI have sent a bigger update to those who are on my email list with an updated SPX chart, which I will post tomorrow after I see reaction of my main target.
NQ update for tomorrow:
- NQ Maj support is at 13510, break it below and retested will be a perfect short for a trip down to 13130-200, depending on the time of landing.
- NQ I have also a good fib confluence at 13866-98 and 930+- zone for a possible extension higher. If we hold 510-30, then I would be long for that final move up with a tight stop around 490 or so.
Enjoy!
NQ getting close to the target zone.Tomorrow is a day for the high, the day after is a turning day.
It can extend into 13806 and 13866-88. Want to see a good size pullback into the 26th and then possibly one more push into 14k zone.
200% extension off Jun lows is at 13866
Im short 2.5NQ as of close, will take profits if we get a good size pullback.
NQ: The top is inNQ has reached upside targets (13705) and 61.8% retracement of the second leg decline. Short it here with a stop above today's high looking for 13k or 12900 even.
NASDAQ 100 E-MINI FUTURESThe rise over the past week is very strong and his mother will probably continue to rise strongly if God wishes and thanks
