Nasdaq buyPeace be upon you, how are you, O merchants? There is a high possibility of a Nazdak market rally with the retesting of the canal. In the same place, there is the moving average 200 with a very positive candle. What do you think my friends
Nqfutures
NQ looking for a temp low on TuesdayWorking on my main SPX/ES update, so this will be quick.
Tomorrow am should produce a buyable low IMO followed by a good bounce.
From where I expect a first temp low by Tuesday, another bounce and down into the next week.
There is also a possibility of another move to above 13000 to even 13500+ in Mar time, but that was mentioned in my tonight's NQ/NDX update.
Have a good night
NQ hit its C&H target last week and rratraced.We have successfully shorted on Fri and covered on Monday pre-market.
This is the chart I updated last night, the AH's session support was held to the penny, and now it's in the resistance zone.
It can extend to 12200, when SPX has a strong resistance at 4065-70.
It's a month-end close today, so it is very important to watch if it closes above or below Nov close.
We have a good R/R setup coming, not posting it on tradingview!
NQ going into the CPI releaseHere is a quick update for those who follow my work and are not on our new site yet.
It's a critical turning point here, going into the CPI report, so I want to share my thinking, and hopefully, you won't get trapped regardless of tomorrow's am outcome.
I'm doing a more detailed analysis, but I will post a short version here.
First of all, I pointed out last week that the 11th should mark the important high.
Well, we got it!
Now, it doesn't have to be a daily high, but the daily closing high! So tomorrow can be an intra-day high with am spike.
I still think we could get a sort of OCT 13th CPI release action, but in another way - Gap and Dump!
If CPI will come in-line or a bit higher, let's say 6.6-6.7%, it can produce a knee-jerk reaction and sell from there.
There is a good fib confluence at 11600NQ for that move.
Our main target got hit today, and I warned yesterday, that it should see a higher number; it did!
The price has closed right at the resistance, so it satisfied the whole move up right there, in case it is just going to dump from the open
Support and resistances are on the chart.
I will also be doing SPX update and will post it at the end of the week here.
This chart should be enough for those looking for a good analysis out there without any commitment.
So don't be surprised if you see a big spike up, DO NOT chase it!
If it happens, I will use that opportunity to add to my short position
NQ updateI was blocked for a week for simply mentioning my site I have it under my TradingView profile, so sorry for those who follow me here.
Here is a quick update of NQ and I will post ES later.
We should have this move down into the channel tomorrow.
One thing to note is that 29th (today) was a window for the low, so if tomorrow we see a good pullback, it will be a buy-able one
I will be posting less here as I have other commitments and really dont like being blocked for something I pay for.
NQ is getting close to its main supportHere is NQ chart I posted on other site.
Main support is at 10940-45, resistance is a bit over 11350
If SPX is after the gap close of 3748 and holds 3744 on the closing level, then NQ should bottom around 10950 zone as well.
I had 2 targets for the NQ 11094 and 11060, first already broken.
LIS is at 11034
More updates to come
NQ possible C&H & H&S forming on 1h and 4h timeframe regardlessThere is H&S on 4h timeframe and quite visible C&H on 1h
Tomorrow the price is set to get above or below the range.
Can it it a squeeze into CPI or we finally get below 11400.
Below 11400 will bring 11200 as next target.
NQ is the most bearish looking chart compare to ES and DOW
4h chart coming next in this thread
NQ needs one more push to finish the right shoulderCheck the vol of today's move, its nothing!
Typical Fri low vol grind
If the price stays elevated, we should grind up into Mon am.
But I will not be long if it will be a wall move into the close (last 10-15 min big up candle).
I have a turning day on the 12th, will it be a strong move down or a gap and crap, I dont know, but we are getting close!
I have a short set at 847 and 87NQ
Have a great weekend, Im on the road most of the day today, will be less updates till the weekend.