Current Contract - Forward Contract (NQ1!-NQ2!)This crazy jump tells me that there is danger and nearby, more volatility is coming. You don't get this kind of range when things are good. Short-squeeze blow-off top at best. by Nicklaus68443
QQQ Broadening Wedge BreakoutNQ broke out above a broadening wedge leading up to FOMC and has now exploded. However, coming right into supply and previous highs. Not going to chase up here, but looking for longs on pullbacks. It's interesting that if you measure the predicted move based on the wedge, the target is right at ATH/21k. I would be we're gonna hit that relatively soon unless something big derails the rally, which you probably already know I think that day could come at anytime. Until then, following the charts.by AdvancedPlays442
higher goals aheadIt seems that Nasdaq has higher goals ahead if it maintains the support levelLongby forkman661
Daily Scenario (September 19, 2024) for Nasdaq Movement:Here are the zones that "attract" me: My 4-hour trend is bullish, so I'm expecting to push towards a 15-minute low, and then create an SFP (Swing Failure Pattern) on it.Longby David_capital331
Friday analysisToday we don't have high impact news that can affect our market. I am waiting for sellside liquidity to pick up and then I will look for a buy entry. It's Friday. Be careful, the market can fool us. It's recommended that Monday and Friday we don't trade, but I hope we get luckyLongby Futures-Insights444
Emini NasdaqThis analysis if for tomorrow price will touch the small blue line then reverse to fill the gap or touch the trend lineby S63301110
ES + NQ Fib Retracement ExamplesI don't use fib retracement levels much, but when we get a big move up or down I've found they can be quite useful for determining where a pullback or rally may reverse. We just had a great example of how you can use these retracement levels for practical trading purposes. ES and NQ both sold off in early August before retracing the entire move shortly after. After the recovery and pullback, we had a well established range to use for fib retracement. We can use the low from August and the high from late August before the early September sell off. By default on most platforms like TV, you will have 5 retracement levels. In my experience, I have only found the 38.2%, 50%, and 61.8% levels useful so those are the only ones I put on my charts. We got a perfect 50% retracement on ES before a 200 point bounce, which also coincided with 5400 and other support levels. For NQ, we have a perfect 61.8% retracement, which was also near where the sell off in early August started. There was a lot of reasons to think we may have support in that area, but fibs were a great confirmation on their own. This is another very simple strategy you can use to optimize entries and exits, but you don't want to overuse or overcomplicate these things. You need a big rally or dump like we saw, there needs to be volatility and a solid range established. Once you have that, you can begin to look for fib retracement levels that coincide with your other support and resistance levels.by AdvancedPlays110
a typical day in the marketMany retail traders wander around in a fog asking others "are we going up or down, short or long?". If you don't have a trading plan for the day, much less know the direction fo the market.... Traders who know will take your money... Don't come to an automatic machine gun fight with a butter knife. Compare this set of 5 waves up followed by an ABC down) to a daily 5" chart (which I can't share due to TV restrictions) The first set from thursday to the closed on friday, almost exactly matches Monday's chart, if you switch to 5" chart you can see the last two days traded identically in wave counts. Many traders think that a day is either long or short, up or down... A bullish day is defined as ending higher, but a bearish day that ends lower, typically has a morning rally 80% of the time. I'm not talking about " paper selling " all day long for days, not the same pattern at all. Study these two days and I will say more later. Shortby dryanhawley114
NQ Short Shorting NQ using my trading model great setup here to target todays lows Shortby SayonaraSan112
NQ idea $$$ no need for MapBook "Perseverance is not a long race; it is many short races one after the other." — Walter Elliot I predict will be heading back to the support level where market makers left sellers looking very sad. (19415 area) If you were looking at Bookmap which I am not 9 times out of 10 it would show there are orders waiting in at area. They have to drop price and come back and get that liquidity they left down in the 19415 area. (W) formed Thanks and hopefully this information benefits you .... like share and follow chat !!!! #TradeGod Shortby TradeGod003Updated 334
Nq1! Nasdaq Long term ForecastWhile many switch to a bullish bias for CME_MINI:NQ1! because of expectations of a interest rate cut on 18th of September, I remain bearish because markets price in before these events and the rate cut was expected for a long time. We see on the daily chart a double bottom, which is market makers' favorite liquidity to take out. Again on the daily chart, we see that price took out the buy-side liquidity and now is in the Daily Optimal Trade Entry of the last down move. I expect to see the double bottom to be taken out in the upcoming weeks. Please note that this can take a lot of time and we can still see a full recovery to All Time Highs before we take out the double bottom. You can boost the idea for free if you have a paid plan and if the idea helped you. Thanks for reading I wish you all good and safe trades. Shortby TradeConfirmed222
MMBM Using Fractal ConsolidationsFractal consolidations MMBM we can see how price is gravitating towards multiple HRLR (red boxes) and will probably find some sort of resistance around these levelsLongby Keclikk111
NQ Open Levels for SMCHere we are at open 925 is lingering above.. we need to hit it but we opened in a premium and the mid point gap sits around 730 so we may well make that swing first and get footing for the move up today or tomorrow. Other noted levels for SMC are here for your consumption.. Letting first 20 minutes shake out.. i like to be in and out or trailing by 10:30 Happy Trading -- DocShortby docholliday3
Elliott Wave View on Nasdaq (NQ) Calling the Next Bullish Leg upShort term Elliott Wave view on Nasdaq (NQ) shows that rally from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 20025.25. Pullback in wave (2) ended at 18338.45 with internal subdivision as a double three Elliott Wave structure. Down from wave (1), wave W ended at 19140.25 and wave X ended at 19693.50. Wave Y lower unfolded as another double three in lesser degree. Down from wave X, wave ((w)) ended at 18825.75 and wave ((x)) ended at 19150.50. Wave ((y)) lower ended at 18338.45 which completed wave Y of (2) in higher degree. The Index has turned higher in wave (3) with internal subdivision as a 5 waves impulse. Up from wave (2), wave ((i)) ended at 18927.5 and pullback in wave ((ii)) ended at 18547. Wave ((iii)) higher ended at 19813.50 and pullback in wave ((iv)) ended at 19529. Near term, expect Index to extend higher to end wave ((v)) and this should complete wave 1 in higher degree. Afterwards, it should pullback in wave 2 to correct cycle from 9.7.2024 low in 3, 7, 11 swing before it resumes higher.by Elliottwave-Forecast3
NQ Sep 16 Targets, gaps and SMC setups premarketThe new week is about to open.. Primary target for the week is that CLEAN upper zone at 925. on the new Dec contract. We have Short term interest above but we also never reclaimed any of the Last week bull move.. so we have a MONDAY HANGOVER possible situation with the 25% mark retrace of the bull week marked as a line in the sand below. Monday and no news.. unlikely to move that much, but worth marking it out. Best looking target to me right now is the OVERNIGHT HIGHS REH, should a good set up arise. WKLY FVG is just below and attractive to move there during the premarket. Happy Trading - DocLong06:49by docholliday1
NQ Power Range Report with FIB Ext - 9/19/2024 SessionCME_MINI:NQZ2024 - PR High: 19687.50 - PR Low: 19636.75 - NZ Spread: 113.25 Key scheduled economic events: 08:30 | Initial Jobless Claims - Philadelphia Fed Manufacturing Index 10:00 | Existing Home Sales Auctioning back to week high following nondirectional FOMC vol spikes - Continuing to advertise short supply above 19880 Session Open Stats (As of 12:25 AM 9/19) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 378.32 - Volume: 53K - Open Int: 207K - Trend Grade: Bull - From BA ATH: -5.3% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 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. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone Longby mv3trader52
NQ Power Range Report with FIB Ext - 9/18/2024 SessionCME_MINI:NQZ2024 - PR High: 19698.00 - PR Low: 19679.25 - NZ Spread: 41.75 Key scheduled economic events 10:30 | Crude Oil Inventories 14:00 | FOMC Economic Projections - FOMC Statement - Fed Interest Rate Decision 14:30 | FOMC Press Conference Maintaining week range Session Open Stats (As of 12:25 AM 9/18) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 367.14 - Volume: 13K - Open Int: 183K - Trend Grade: Bull - From BA ATH: -6.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 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. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone Longby mv3trader51
NQ ShortLooking to short NQ at the 15m FVG that was created after the price run will look for a reaction and play it on the smaller time frames. Shortby SayonaraSan1
NQ - Tight Range That Will Break$19,926 is an area of importance when looking at a continues run through buyside liquidity. However, we have seen stagnant price movements throughout this week which is giving me the indication a big move is to come shortly... 03:42by LegendSince1
NQ and its levelsNQ and its levels; my analysis for NQ. Thoughts? NQ created a huge gap on the 1 hour time frame; from 4 pm to 6 pm. The purple boxes and white lines you see here, are respectable price levels (sensitive levels). Shortby BeeAstronaut1
NQ Power Range Report with FIB Ext - 9/17/2024 SessionCME_MINI:NQZ2024 - PR High: 19695.50 - PR Low: 19652.00 - NZ Spread: 97.5 Key scheduled economic event 08:30 | Core Retail Sales (2x) Volume building for contract month Z - Inventory collected below Friday's low Session Open Stats (As of 1:45 AM 9/17) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 377.37 - Volume: 15K - Open Int: 128K - Trend Grade: Bull - From BA ATH: -6.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 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. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone by mv3trader51
NQ ShortTook entry too soon should have waited until after accumulation better entry here Shortby SayonaraSan4
NQ LongLonging the distribution phase of price after the rebalancing and dip into discount pricesLongby SayonaraSan2