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Nqfutures

Look where NQ closedYou tell me if its bullish setup into next week or not. Gaping up and holding the breakout (white line) support/resistance will be def a breakout, otherwise Im not in that camp, even if its going to gap up on Sunday open. All ES and SPX extensions I was looking, got hit. Monday can be (and I think it will be) a very bearish day, lets say Spooky Monday! Cant say happy Halloween as I dont cheer or celebrate dark/evil holidays, but it def can be one for the markets. Have a great rest of your weekend, I will update SPX chart tomorrow.
CME_MINI:NQ1!Short
by RealTima
16
NQ is in clear bear flagI didnt have much time on research today, busy day. But I did spend some time on the NQ, as I didnt do NQ update for a while. I will also add comments to this post after I do my other research and go through few others updates I follow. So stay tuned, high chance this chart will get updated with extra comments several times. So as you can see on the chart, we are in a small (compare to the rest of the year) bear flag and we are already in most overbought conditions for this year including TRIN number and volume. My best extension (if it was not topped yet and they will push it higher before the elections) is at 12110-50NQ, with the top of the channel at 12250-300. But first it has to close above recent highs - 11750NQ I do expect a yo-yo style (outlined on the SPX yesterday) going into EOM and then Midterms. But the ideal target for this year is actually at 8-8.2k zone! I know it sounds crazy, but hey wasnt today's numbers crazy early this year? Some are still in denial. I do not call for a crash any longer, as we are out of that window astrologically and cyclically but I want to see another 25-35% cut from today's levels before this is over and we bounce hard into a bigger B wave No new highs next several years at min, maybe after 2026 if not 2032. I do expect 1999 and 2009 pattern, check it out. Again I might be wrong as anyone else out there, but this is my long term view, gotta stick to it till I see clear changes in trend. My plan for the short term is the same, its short tomorrow (Im already swing short) into EOM or 1-2nd FOMC rate decision) which should spark a rally and ideally mark the temp bottom going into the Midterms. They might make a big hike and stop for this year. Canada already increased .50 points instead of .75 points today, so FED can surprise. After the Midterms is where it gets tricky, I think we will have a last move down into week of 21st of Nov low, that should mark the low for the year. Can we extend into next year, yes we can, I will be updating you with my view going forward into mid of Nov. If something not clear, just shoot a question below this post. Here is zoomed in chart Also please dont forget to press that 🚀 sign under this post to push it up in algos for others to discover.
CME_MINI:NQ1!
by RealTima
6
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