NQ: 186th trading session - recapI really gotta reflect on this in my personal journal but spoiler: I probably should've taken that. Focusing on the minute details might be okay when looking for a S+ setup, but what about S / A setups? Plus, structure is really one of the least of things to worry about - well atleast on a concious level, subconciously it's probably on of the most important parts: Our brain IS wired for pattern recognition etc blah blah, I really do not know how to overcome that lmao
MNQ1! trade ideas
NASDAQ 100 Elliott Wave Update – Wave (5) in Play?CME_MINI:NQ1!
📊 NASDAQ 100 E-mini Futures – Elliott Wave Analysis
🗓️ Weekly Chart – April 2025
The NASDAQ 100 appears to have completed an ABC corrective pattern, marking the end of wave (4). A bullish move toward wave (5) is now projected, with a potential target zone highlighted in yellow:
🎯 Target 1: 32,291 (100% extension)
🎯 Target 2: 38,678 (127% extension)
This zone marks the Fibonacci projection for the fifth wave, based on the Elliott Wave principle. The bullish structure remains valid as long as the key support at 16,551 holds.
🔎 Key things to watch:
Confirmation of a reversal at wave (C) low
Increasing volume on upward moves
Momentum indicators like RSI / MACD
NQ Power Range Report with FIB Ext - 5/8/2025 SessionCME_MINI:NQM2025
- PR High: 19957.25
- PR Low: 19910.75
- NZ Spread: 103.75
Key scheduled economic events:
08:30 | Initial Jobless Claims
13:00 | 30-Year Bond Auction
Auction remains inside week range, 19920 to 20200
- Contained inside Friday's range, advertising return to 20280 high
- Strong value increase through Asian hours
Session Open Stats (As of 12:35 AM 5/8)
- Session Open ATR: 578.32
- Volume: 43K
- Open Int: 257K
- Trend Grade: Bear
- From BA ATH: -10.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19246
- Short: 16963
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
Nasdaq DUMP and PUMP! The Nasdaq has demonstrated notable resilience in its recent upward movement, retracing approximately 50% of the decline experienced during the first quarter. Importantly, price action has reclaimed the anchored Volume Weighted Average Price (VWAP) from the all-time high (ATH)—a technical milestone often interpreted as a bullish signal. This is particularly significant considering that the last time this level was tested, the index subsequently declined by nearly 15%.
Currently, price is consolidating within what appears to be a bearish wedge formation. Should this pattern resolve to the upside, it could signal a broader market reversal. In such a scenario, key levels to monitor include the golden fib 618 and the anchored VWAP from the recent low—both potential zones of support. A decisive breakdown below these levels, however, would carry bearish implications, likely opening the door to new lows.
At the moment, I have plotted a potential 1-1 extension of what can be an ABC pattern within the wedge, in confluence with a daily level of liquidity. This is the major level I will be paying attention to.
For now, a prudent approach is to assess the market on a level-by-level basis and remain agile in identifying the next viable trading opportunity.
NQ Power Range Report with FIB Ext - 5/7/2025 SessionCME_MINI:NQM2025
- PR High: 20133.75
- PR Low: 19799.50
- NZ Spread: 746.25
Key scheduled economic events:
10:30 | Crude Inventories
14:00 | FOMC Statement
Fed Interest Rate Decision
14:30 | FOMC Press Conference
Temporary AMP margins increase for upcoming FOMC (25%)
- Session open volatility creates 334 point initial range
- Maintaining Friday's range, holding 20200 rotation advertisement
Session Open Stats (As of 12:55 AM 5/7)
- Session Open ATR: 592.41
- Volume: 57K
- Open Int: 257K
- Trend Grade: Bear
- From BA ATH: -11.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19246
- Short: 16963
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
NQ1 - Out Of Hours Pop = Exhaustion Gap?NQ1
Very sudden pop happening out of hours.
Impulsive action outside of regular trading hours can often be dangerous.
There is a reasonable chance that this move is the final blow off phase of the uptrend to set up an exhaustion gap in regular trading hour indices before the next wave down.
FOMC tomorrow might provide the volatility to print a topping candle.
We'll see - obviously that just one possible outcome.
But if it gaps up tomorrow I'm going to be thinking of short opportunity🤨.
2025-05-06 - priceactiontds - daily update - nasdaq
Good Evening and I hope you are well.
comment: Clear trading range 19700 - 20300, don’t make it more complicated. We have FOMC tomorrow, then we will get a new impulse.
current market cycle: trading range
key levels: 19700 - 20300
bull case: Bulls defended the gap below to 19650 and prevent the bears from printing a bearish daily bear bar. Bulls are fine with the market correcting sideways, since that increases the odds of a continuation up and running the stops above the prior major lower high 20536. Bulls need to break above 20070 tomorrow or this could slowly become more bearish again, especially when we make lower lows below 197300.
Invalidation is below 19100.
bear case: Bears see it as a lower high major trend reversal and if they can stay below 20000, their odds increase to continue down. They broke below the first bull trend line and the next is around 19700 tomorrow. A strong 1h close below 19700 and I think more bulls will give up on this bounce.
Invalidation is above 20100.
short term: Neutral. Continuation in given range is expected until FOMC. I don’t know if Jpow can really move this but let’s see. Don’t gamble.
medium-long term - Update from 2024-04-20: My most bearish target for 2025 was 17500ish, given in my year-end special. We are +18% from the lows and I do think, once this turns again, it will easily be the short trade of the year.
trade of the day: Short since Globex open since Market could not get above 1h 20ema for 299 points down.
Supply and Demand Zones 5/6/25 and 5/7/25 $NQChart link: www.tradingview.com
On the 4HR chart, price is setting up for a head and shoulders pattern, but there has been solid break and retests of past levels to allow price to move up into the Daily supply above. Given the previous news released today from Trump that there is 'talks' to get settled with Canada and China tariff prior to FOMC, I expect a large move to take place between tomorrow and Thursday.
If we have a continued strong bounce off the 30MIN demand and 1/4HR imbalance zones and break over 20273, then I will consider a long into the 20390 4HR imbalance above (50%) and the daily supply above of 20440 (50%).
If we have bearish order flow where we break through the demand zone (break and retest) to go lower, then I will consider shorts towards 19600/19100/18700 demand and previous breakout levels.
MNQ1!/NQ1! Day Trade Plan for 05/06/2025MNQ1!/NQ1! Day Trade Plan for 05/06/2025
📈 19840 19900 19965
📉 19779 19717 19655
Thanks to all my followers! Truly appreciate the support!
Please like and share for more ES/NQ levels Tues & Thurs 🤓📈📉🎯💰
*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*