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.
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Enjoy rest of your Sunday!
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Nqfutures
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
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NQ has an IHS forming target is 12700-50Its not a perfect formation, but if we close above today's highs, we should see much higher levels, ideally into 12700-50 zone
Im cautiously long, tomorrow is a crazy day on my cycle chart with a directional change.
Ideally we see one more low and go up into 13th
Have stops
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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
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NQ Daily chart, look at the red arrowHere is a zoomed out chart of the previous chart I just posted
Its really Do or Die territory. My gut feel is telling me we will hold it, but you dont trade based on any feeling...
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NQ testing the bottom of the channel!Markets are testing the most important support levels, NQ here and the ES 3985-3900.
So far if we hold here on the NQ, we should see a strong rally out of this levels, so it's must hold.
Breaking below we should see 10500 imo
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NQ held the lows, first target is 12200, then 12300NQ held the lows after the open and made a higher low on smaller timeframe
- first target is 12200, then 12300
Main resistance is at 12320-30 now, needs above that resistance cluster visible on the chart.
Ideally we at least hit 12700 and I would really want to see a higher high by mid month just to screw everyone out!
A higher high and higher low on Fri makes me believe we have bottomed and should push higher now.
Im long
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
Bear flag after bear flag2 days straight, this is about to break, must hold and gap up from here, or we go down much lower into 12000-30 zone
SPX closed not great as well, in the support cluster zone, tomorrow is a turning day, so can gap down and reverse into the 5th high.
I have already mentioned a possibility of a crash move, have to be super careful!
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
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