Nqfutures
NQ isnt looking good for the bulls hereResistance is very strong in this level, can stretch to 825 for a perfect touch.
11800 call from am got fulfilled, it's very close to it, I have shorted for a quick trade here, looking for a possible real move down off these highs, might not come till after the FOMC
NQ must hold 11500-30 zone! Bullish setup into the EOMNQ is setting up a fake breakdown imo and should be stopped at 11530 zone, 11500 is a must hold for today for any bullish setup going into the EOM
Im expecting a good size rally starting today or tomorrow am, so a long setup from a bit lower is something what Im looking for
This is how you can recognize a trending marketUse the Mid Bollinger to determine a trending market.
So far we perfectly hit 2.618 off the H&S breakdown, next is 300% at 11180 zone in case its really extending.
BTW Monday crashes are most important to watch with following tun Tuesday. When Tuesday can get below Mon lows but has to close above Monday's close and Wednesday's close as well to confirm the bottom!
NQ cant reclaim the mid of the channelI know there are too many lines for some, but they are important to me. Just pay attention to the green trend channel and the blue doted mid of the channel line
NQ is supporting a view I have on the SPX, looking for some lower (NQ down to the low of the channel line before a fakeout.
NQ is short term bearish Main support zone! 12400 must hold on any test attempts for higher levels!
Im seeing this structure short term bearish, medium term is bullish.
A move down to 12100 is what Im looking to get hit before we continue higher to well above 13000
Supports:
12550
12495
Main target 12100
Im expecting a low to get hit by sometime Tuesday, pathway is shown on the chart
NQ/MNQ Breakout or Breakdown?Bulls have had a nice and surprising push after fomc to the upside this week. Will be watching if price respects the DT line and will consider this an uptrend day in a bear market instead of an official uptrend reversal period until DT line is broken and value created above. I like longs above 500 as there is plenty of space for bulls to prop this up above there and short below 340, however, closed the day in key supply zone. Currently also sitting at 61% fib and will see if it can create value above 61% and push to 50% or reject below 61% going into next week. No bias, following the price/momentum and playing what the market gives us going into next week. With fomc, recent geo-political events and simply no news for this run-up, next week will should bring more volatility as well.
NQ: Catching everyone off guard and ready to rocketI have rarely seen so many analysts on Tradingview turn bearish on NQ. Guess what... It is most likely a trap. The trendline is holding and so far the structure appears corrective - respecting the appropriate fibonacci retracements. This means there is a potential setup for a sharp move higher into 15,700 - 16,000 as long as the lows hold.
Nasdaq100 Bears Might Have Gotten PissedIt's Friday guys, On Friday's, I do the watch-hour close clips. All we do is watch to know exactly what the market is thinking and reflect.
So, my best bet is---the bears might just be trying to continue what they started.
What's yours?
Remember, Trading is fun but, risky!
P.s---Watch the full clip to get the tea!
Nasdaq: Direct Surge?We are now expecting the Nasdaq to trade higher than and directly surge past the resistance at 16768 points. The bullish behavior is a clear indicator that the course does not want to fall all the way down back to 15295 point. This, however, remains a viable option within the frame of the alternative scenario which receives a probability of 40%.
Start you week right!