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!
Nqfutures
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!
NQ1!, No sign of Backing OffIt's getting almost ridiculous to post the ideas when the market is trending up with no sign of backing off. Shallow pullbacks are bought. From technicals view the price does what is supposed to do. A breakout of the previous swing high and continuation. The next week is a Holiday week which is seasonally bullish. We may see smaller daily ranges. I personally planning to play both sides to maximize the potential.
How do I short this market when a ranging bull is unstoppable? First timing: during the day session the repricing my occur at the RTH opening, EU sign off, and the late afternoon session. Second: a reaction at a weekly/monthly/quarterly inflection levels. The levels are watched by those timeframes Algos. Don't be discouraged when a slow drifting price seems doing nothing until it touches an important level. A big seller never shows its interest until the price reaches "the level". Traders become too dependable on platforms like BookMap and similar that capture order book. There is no doubt the platforms help to visualize potential areas of liquidity. However, one need to remember the fact that the "big players" priority numbers one is to hide their intend. Instead, they prefer to fake it. Big trading desks place their servers directly on exchanges and pay big fees for only one reason: to place and remove their orders from the queue before it gets executed . This is how they fake it. They know what is captured and shown by retail trading platforms and outsmart them. It is more reliable to watch inflection levels for a reaction and take a chance. You never know how a trade may unfold. Understanding the price action, price action patterns helps to navigate through the fakery. What should happen and what happens instead is the only question the retail trader need to ask. For example, if the price breaks the previous swing high or low it should accelerate but it does not. It's a warning. It means the opposite side is not covering their positions. The acceleration is both sides effort.
This past week the market was inefficient again. Yet another gamma squeeze. The options market drives the flow.
For the upcoming week the options market picked the following range: 16264 - 16912.5. It's a decent range considering the shorter week.
Have a great Thanksgiving!
Good luck!
11/21/2021
NQ trading using key levelsToday I took 3 trades in the NQ, and made out fairly well. Please join me as I deconstruct what took place today.
I must apologize for the audio quality of the video, I have to figure out a better way to upload the videos. I made this video earlier for another platform and just screen recorded it for Tradingview. If anyone has any idea, let me know.
NQ1!, Summer Bullish DriftLast week the market drifted to a new ATH. It was kinda a sneaky move with low odds considering a lack of volume. One would expect a stronger breakout coming from a multi day consolidation area. Well, larger patterns take time to unfold. From the market structure perspective, which is the only objective way for me to trade, no changes in the sentiment. There is no noticeable commitment by either side though. A monthly R1(15250) is a potential target for the buy side. The monthly pivot is a potential target for the sell side.
The next week is a CPI report. It may attract participation.
08/08/2021
NQ1!, Going Strong into the EarningsThe market is holding well above the most aggressive trend line originated back in May. The structural forces analysis is the most objective way to gauge the sentiment . At some point the market will turn around but anticipation of that event leads to missing opportunities within the main trend.
07/10/2021
NQ Power Range Report with FIB Ext - 1/18/2021 SessionContract - CME_MINI:MNQH2021
- High - 12796.25
- Low - 12734.00
Evening Stats
- Gap: = N/A
- Session Open ATR: 194.23
- Volume: 21k
- Open Int: 233k
- Trend Grade: Bullish
Key Levels (Rounded - Think of these as a range)
- Long: 13337
- Short: 12415
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/31/2020 SessionContract - CME_MINI:MNQH2021
- High - 12855.75
- Low - 12840.00
Current Stats
- Gap: = N/A
- Session Open ATR: 165.99
- Volume: 8k
- Trend Grade: Bullish
Key Levels (Rounded - Think of these as a range)
- Long: 13337
- Short: 10650
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/29/2020 SessionContract - CME_MINI:MNQH2021
- High - 12853.25
- Low - 12840.25
Current Stats
- Gap: = N/A
- Session Open ATR: 177.86
- Volume: 11k
- Trend Grade: Bullish
Key Levels (Rounded - Think of these as a range)
- Long: 13337
- Short: 10650
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/28/2020 SessionContract - CME_MINI:MNQH2021
- High - 12750.75
- Low - 12651.75
Current Stats
- Gap: = N/A
- Session Open ATR: 183.55
- Volume: 22k
- Trend Grade: Bullish
Key Levels (Rounded - Think of these as a range)
- Long: 13337
- Short: 10650
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/24/2020 SessionContract - CME_MINI:MNQH2021
- High - 12667.25
- Low - 12645.25
Current Stats
- Gap: = N/A
- Session Open ATR: 185.52
- Volume: 19k
- Trend Grade: Bullish
Key Levels (Rounded - Think of these as a range)
- Long: 13337
- Short: 10650
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.