Intraday Levels for Nasdaq 100 Futures - 12/05/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Nqfutures
NQ Futures Daily Bullflag to $22,000After a sudden drop from ATHs and a big rebound, a daily bullflag formed into month end setting September up for a very big run.
Upside PTs are: 20150, 20300, 20450, and 22000 if a break above the previous ATH to finish out the bullflag
SL would be invalidation of the flag
NQ | QQQ | Day trading plan 7-26-2024CME_MINI:NQU2024
Bullish Scenario
Immediate Resistance Levels:
Bullish Line: : 19,115.75
Target Price 1: 19,168.75
Target Price 2: 19,278.50
Strategy:
Entry: Consider entering a long position above the immediate resistance at 19,115.75.
Stop Loss: Place a stop loss below the nearest support at 19,041.75 to minimize risk.
Targets: Set targets at the resistance levels mentioned above. Partial profit-taking can be considered at each target level.
Confirmation: Look for bullish candlestick patterns or confirmation from volume indicators before entering the trade.
Bearish Scenario
Immediate Support Levels:
Bearish Line: 19,065.00
Target Price 1: 19,041.75
Target Price 2: 18,998.75
Target Price 3: 18,932.00
Strategy:
Entry: Consider entering a short position if the price breaks below the Bearish Line at 19,065.00.
Stop Loss: Place a stop loss above the nearest resistance at 19,115.75 to minimize risk.
Targets: Set targets at the support levels mentioned above. Partial profit-taking can be considered at each target level.
Confirmation: Look for bearish candlestick patterns or confirmation from volume indicators before entering the trade.
Summary
Bullish Entry: Above 19,115.75 with targets at 19,168.75 and 19,278.50.
Bearish Entry: Below 19,065.00 with targets at 19,041.75, 18,998.75, and 18,932.00.
Stop Losses: Adjust according to the nearest support/resistance levels to manage risk.
This analysis should be used in conjunction with other indicators and market conditions for a comprehensive trading strategy.
7/10 To Soar or Not to Soar Is the Question .GREATTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT MORNING YALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!
😏 😏 😏
07/10/2024
**News** ON THE BLOCK TODAY!!!!
**~~Wholesale Inventories (Preliminary)~~**
10:00 AM ET
***EIA Petroleum Status Report***
10:30 AM ET
***Midnight*** **CONSENTRATED CONSOLIDATION **
*#ES 5634.25*
*#NQ 20709.50*
💰 **BUYSIDE**💰
***#ES 5646.5***.--->Above this level we look for --->....
🟢 5653.25
🟢 5676.85
🟢 5694.75
🟢 5711.25
🟢 5727.50
🟢 5738.25
***#NQ 20772.00***...---> Above this level we look for-->
🟢 20788.50
🟢 20813.00
🟢 20843.75
🟢 20878.00
🟢 20902.25
🟢 20933.25
💰 **SELLSIDE**💰
***#ES 5630***--- Below this level and we look for
🔴 5616.75
🔴 5604
🔴 5580
🔴 5564.50
🔴 5550.25
***#NQ 20696.50***---> Below this level and we look for
🔴 20685
🔴 20656
🔴 20639
🔴 20619
🔴 20594
Trade Plan NQ Futures: week starting May 5th, 2024 Trade Plan NQ Futures: week starting May 5th, 2024
Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets:
Weekly Pivot: 17847 Current Price: 18000
Upside Targets:
First Target: 18090
Second Target: 18348
Third Target: 18605
Downside Targets:
First Target: 17731
Second Target: 17560
Third Target: 17378
Trade Plan:
Long Trades: Look for buying opportunities if the price remains above the weekly pivot (17847).
Entry: Consider entering long positions on pullbacks towards the pivot (17847) or if the price breaks above the current price (18000).
Targets: Target the upside levels of 18090, 18348, and potentially 18605.
Stop Loss: Place a stop loss below the pivot or below significant support levels identified during the week.
Short Trades: Consider shorting the market if the price breaks below the weekly pivot (18847) or the current price (18000).
Entry: Enter short positions on breakdowns below the pivot (17731) or the current price (18000).
Targets: Aim for downside targets of 17731, 17560, and potentially 17378.
Stop Loss: Place a stop loss above the pivot or above significant resistance levels identified during the week.
Risk Management:
Ensure proper risk management by sizing positions appropriately based on the distance to target and stop loss levels.
Consider using trailing stops to lock in profits as the price moves in your favor.
Monitor the market closely for any changes in price action or news events that could affect the trade.
Note: Always adapt your trading plan based on real-time market conditions and adjust your approach as necessary to manage risk effectively.
More possible downside for NQPrice has moved for ERL(ATH) to IRL(Weekly Bullish OB) which created a MSS on the weekly time frame.
Price has retraced nicely off of the Weekly OB and is now entering premium of the current dealing range on the daily
- This week we will not trade on Monday as there is no news and will be expecting accumulation.
- If market sentiment has truly shifted I am expecting to see Monday accumulation, Tuesday to create the high of the week into that daily FVG, and then expansion lower to reach for previous weeks low.
- If that Daily FVG is violated I’ll be expecting ATH again.
Nasdaq 4h Daily Commentary
"#Nasdaq : On the 4-hour chart, there's a clear indication that the price continues to move downwards. If we are bearish, I expect to see the price fill the liquidity gap and then break the previous low, directing the liquidity in Tue 16 Orderblock. However, if we break the last bearish defense in the chart, it will lead us to anticipate a rally upwards. I will provide daily updates on the 4-hour charts. If you have any questions or something you would like me to include in my analysis tomorrow, please leave it in the comment section below.
Good luck to everyone in their trading endeavors!"
Nasdaq Weekly Analysis Sure, here's the corrected text:
We see the price bouncing from Mon 10 OCT '22 after a year and a half of bearish market and going directly to retest the all-time high on Mon 22 Nov '21 again by MON 22 JAN '24. However, it starts to move towards a new all-time high, but with limited liquidity hindering further price increase. We've already witnessed a significant bullish move, and it's time for the market to correct itself. We've observed a weekly candle breaking the market structure forcefully towards the order block from Tue 02 Jan '24 and breaking the 50% retracement level from Mon 23 Oct '23 low to the all-time high. We anticipate the price to continue being bearish to shake out buyers and accumulate new liquidity if we aim to reach a new all-time high.
Our focal point in the NASDAQ for the 2Q is the breaker from Mon 24 Jul above the 50% Fibonacci level of the bullish leg and between 0.6/0.7 of the Fibonacci level to turn bullish. Breaking Mon 23 Oct '23 liquidity support would put us in a significantly bearish condition.
Weekly Plan NQ Futures 4/14/2024Weekly plan: NQH2024
SEED_ALEXDRAYM_SHORTINTEREST2:NQ FUTURES 4/07/2024
18406 >> 18566 >>> 18718
Weekly pivot: 18284, Now 18172, Weekly Open TBD
18063 >> 17934>>> 17734
-------------------------------------------------
Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets:
Weekly Pivot: 18284
Current Price: 18172
Upside Targets:
First Target: 18406
Second Target: 18566
Third Target: 18718
Downside Targets:
First Target: 18063
Second Target: 17934
Third Target: 17734
Trade Plan:
Long Trades: Look for buying opportunities if the price remains above the weekly pivot (18284).
Entry: Consider entering long positions on pullbacks towards the pivot (18284) or if the price breaks above the current price (18172).
Targets: Target the upside levels of 18406, 18566, and potentially 18718.
Stop Loss: Place a stop loss below the pivot or below significant support levels identified during the week.
Short Trades: Consider shorting the market if the price breaks below the weekly pivot (18284) or the current price (18172).
Entry: Enter short positions on breakdowns below the pivot (18284) or the current price (18172).
Targets: Aim for downside targets of 18063, 17934, and potentially 17734.
Stop Loss: Place a stop loss above the pivot or above significant resistance levels identified during the week.
Risk Management:
Ensure proper risk management by sizing positions appropriately based on the distance to target and stop loss levels.
Consider using trailing stops to lock in profits as the price moves in your favor.
Monitor the market closely for any changes in price action or news events that could affect the trade.
Note: Always adapt your trading plan based on real-time market conditions and adjust your approach as necessary to manage risk effectively.
Helping you map out your gameplanE-mini S&P (June) / E-mini NQ (June)
S&P, yesterday’s close: Settled at 5253.25, up 0.25
NQ, yesterday’s close: Settled at 18,295.00, down 5.75
E-mini S&P and E-mini NQ futures were little changed to start the week as traders and investors await tomorrow’s CPI slate. Given last Thursday's fallout and Friday's stronger-than-expected headline job creation, one could perceive the consolidation as healthy. While there was some construction within the Treasury complex yesterday, we must also keep a close eye on rates as we move through the data-heavy middle of the week.
Price action in E-mini S&P futures held an early low yesterday after the opening bell, creating first key support at 5245.25-5246.50, while E-mini NQ futures have a similar mark with major three-star support at 18,228-18,249. The bears must test and violate these levels in order to potentially break the consolidation ahead of CPI. To the upside, a move out above second key resistance aligning with Friday’s high at 5268.75-5272.50 in the E-mini S&P and 18,406-18,446 in the E-mini NQ could begin to spark a pre-CPI melt, back into the thick of the damage, where indices began rolling over Thursday.
Bias: Neutral
Resistance: 5264.25*, 5268.75-5272.50**, 5279.25-5282**, 5295.25-5300.75***, 5207-5208.50***
Pivot: 5252.50-5253.25
Support: 5245.25-5246.50**, 5231.25-5237***, 5224.50**, 5212.75-5215.50**, 5203.75-5206.75***, 5191.50-5196.75***, 5163.75**, 5145-5147.25***, 5123.75-5124.25***, 5112.25***
Micro Bitcoin (April)
Yesterday’s close: Settled at 72,110, up 4,355
Bias: Neutral/Bullish
Resistance: 72,110-72,530**, 73,410-73,600***, 74,800-75,300***, 80,503***, 82,110***
Pivot: 71,800
Support: 69,610-69,900**, 68,650-68,900**, 67,755***, 66,330-66,500***, 64,715-65,260***, 62,955-63,435**, 60,830-61,680***
NQ (June)
Resistance: 18,370-18,376**, 18,406-18,446**, 18,475-18,498**, 18,568-18,607***, 18,691-18,709***
Pivot: 18,300-18,310
Support: 18,228-18,249***, 18,173-18,191**, 18,102*** 18,051-18,070***, 18,006-18,029***, 17,767-17,881****
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NQ Bearish Structure | Looking for a possibly 2-legged pullbackNQ has broken its structure to the downside, disrupting the bullish pattern that had been ongoing for a while.
I am looking for an hourly two-legged pullback to the ~70% retracement zone before making a new low, since the price has broken above a prior lower high. This suggests that buyers want to see higher prices before we possibly make a lower low.
There is an hourly demand zone around 18200-18170, which I suspect buyers will try to use to push prices higher.
NAS taking gas?NQ futures have painted a fairly steady regression trend channel since Hallowe'en 2023.
It is comforting to consider that 4 out of 5 channel breakouts fail. With this in mind you'd You'd have done especially well buying all the channel bottoms over the past 4 months.
On the other hand, unless NQ can push above 18200 and stay there, the next channel bottom could be the 1 out of 5. Even a small pullback would be very profitable.
Enterprising traders could consider shorting the yellow box with a tight SL and setting a TP at 500 points or more below the trend channel.
2/12 Weekly Plan. NQ Futures March ESH24 Weekly Pivot is 18,0072/12 Weekly Plan. NQ Futures March ESH24 Weekly Pivot is 18,007
Targets
18,112
18,270
18,426
Targets
17,864
17,660
17,482
Now trading at 18,030
Alerts
You will receive alerts in this channel every time NQ hits (2M candle close):
Weekly opening TBD
Weekly pivot at 18,007
Each weekly target.
Side notes
NQ is currently OTFU in (D-W-M), daily timeframe.
1/22 Weekly Plan. ES Futures March NQH24 Weekly Pivot is 17,3901/22 Weekly Plan. NQ Futures March ESH24 Weekly Pivot is 17,390
Targets
17,480
17,625
17,770
Targets
17,270
17,158
17,022
Now trading at 17,563 (between uT1-2)
Alerts
You will receive alerts in this channel every time NQ hits (2M candle close):
Weekly opening 17,466
Weekly pivot at 17,390
Each weekly target.
Side notes
NQ is currently OTFU in all timeframes (D-W-M), daily which would come to an end if 17,166 is breached during RTH session.
Nasdaq Breaking highs! Entryy??It looks like NQ should break the weekly highs here and it should be looking backwards be a strong push ahead but because of the current market conditions this could simply be a liquidity grab before going back downwards especially if interest rates are raised next quarter.
Would I swing here for the long run? Absolutely not! Wait for some kind of a confirmation for long term entries. Super risky to hold if you're up. At least take partials if you are.
Day traders and short term swing traders should in my opinion, have a bullish bias to start this week and look for bullish entries if given any retracement + entry signals according to your strategies.
That's what I see, what do you guys think?
(Reason for current bullish move: Ease on interest rates, declining USD and golden zone fib retracement, "historically" showing upwards momentum after so there should be many buyers in the market.)