nasdaq little trade big tradeslooking at the market today.
we se good rejection in booth sides. depending on the open lets see how it goes.
MNQ1! trade ideas
NQ Power Range Report with FIB Ext - 8/22/2024 SessionCME_MINI:NQU2024
- PR High: 19944.00
- PR Low: 19912.25
- NZ Spread: 70.75
Key schedule economic events
08:30 | Initial Jobless Claims
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:00 | Existing Home Sales
Nondirectional volatility spike follow FOMC release
- Maintaining range of previous 2 sessions
Session Open Stats (As of 10:35 PM 8/21)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 395.55
- Volume: 11K
- Open Int: 234K
- Trend Grade: Bull
- From BA ATH: -5.0% (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
2024-08-21 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
tl;dr
Indexes - All green, all good. Bulls want more climactic buying but have to settle with grinding it up. Bears are not building enough selling pressure to print consecutive bigger bear bars on higher time frames. Only look for longs until that changes. As of now, there is no reason not to expect much higher prices and new ath.
nasdaq e-mini futures
comment: Much two sided trading today but bulls closed it green and they are making higher highs and higher lows. We are close to 20000 and will most likely hit it tomorrow. Market is not stopping so looking for shorts is a bad strategy right now for most traders. Bears built decent selling pressure today but to no avail. Market refuses to go lower as of now. Above 20000 I don’t think bulls have any resistance until 20200 but that is weak resistance at best so it’s not totally out of the question that we will just continue in an almost straight line to 21000. For bears there is nothing but pain right now. They would need a strong 1h close below 19700 for a start and many stops would probably be below 19450-19500.
current market cycle: Bull trend in bigger trading range
key levels: 19500 - 20000
bull case: Bulls only see a 15% up move from the lows and absolutely no reason to exit longs anywhere. They want to dance while the music is playing. Buying is becoming climactic and this increases the odds of a pullback. 20000 is a big round number and we could see the start of some profit taking there but for now I have my doubts.
Invalidation is below 19500.
bear case: Bears are not doing much. They tried multiple times today to keep the market from advancing too much and at least they kept it below 20000 but as long as they are not even touching the 4h 20ema, they have to content with scalps and taking quick profits. The best bears can hope for is to keep it below 20000 but the odds of that are low.
Invalidation is above 20100.
short term: Can’t be anything but bullish above 19700. Below I turn more neutral
medium-long term: This climactic blow off top is/was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months. —unchanged since 2024-06
current swing trade: None
trade of the day: Between the orange lines was decent two sided trading but many many weird spikes and difficult trades to take. Buying 19800 was probably the best today.
NQ Power Range Report with FIB Ext - 8/21/2024 SessionCME_MINI:NQU2024
- PR High: 19819.00
- PR Low: 19787.50
- NZ Spread: 70.5
Key scheduled economic events
10:30 | Crude Oil Inventories
14:00 | FOMC Meeting Minutes
Swinging inside range ahead of FOMC day
- Auction continues inside previous session range
Session Open Stats (As of 11:15 PM 8/20)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 409.61
- Volume: 14K
- Open Int: 237K
- Trend Grade: Bull
- From BA ATH: -5.5% (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
MNQU2024 Monday 08/19/2024 15min Chart Review (Long Bias)This is my interpretation of how the market unfolded on Monday. These posts are for my journaling purposes, not advice. Please let me know what you think and if you see anything else.
The NASDAQ index is gearing up for new high. H4 20.08.2024The NASDAQ index is gearing up for new high
NASDAQ index made a major segment overlap up and the question is if they are going to give a pullback before continuing the growth. Along the way they formed 2 important buy zones, but there is no culmination at the top. I expect a pullback down to the zones and then buying. Most likely we will push from the nearest zone 18920-19200 and then rise to test the high near 21000. Also, just in case I have specified the far zone of buyers 18400-18670, but it is unlikely that we will reach there.
OHLC Statistical Mapping + Average Range Levels-Manipulation from the OHLC Statistical Mapping acted as resitance and Stop-loss was placed above 1/3ADR+ -> target was 1/3ADR-
NQ Long IdeaI'm bearish, but for short term I'd expect bulls to hold this 19.7k area on NQ. If not, that'll most likely lead to a move down to around 19.2k at least as I had previously drawn that red path for. The green path is what I think is most important for intraday and shorter term action. Bulls must hold IMO.
Nasdaq Next ObjectivesFake head n shoulders. All it did was sweep sell stops. Retail sees this as bearish, however HTF still remains Bullish. Still can retrace more, however, this is not a long term reversal.
NQ ObjectiveDrop down into this low and 4H BISI. SMT on the 15M, HTF PDAs hit (Daily Liquidity Void) & PDH Hit.
NQ Power Range Report with FIB Ext - 8/20/2024 SessionCME_MINI:NQU2024
- PR High: 19883.00
- PR Low: 19857.75
- NZ Spread: 56.25
No key scheduled economic events
Auctioning inventory back towards 20000 pivot from 7/23.
- Reasonable to expect front run.
Session Open Stats (As of 11:35 PM 8/19)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 428.66
- Volume: 17K
- Open Int: 237K
- 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
Nasdaq - Buy MoreTarget: 23,050
Stop: 16,700
Partial: 20,800
b]Key Considerations:
Fed meeting on September 18th
Traders are positioning themselves ahead of the announcement regarding the drop in the interest rate a 75% probability of a 0.25% drop.
USA is the last cab on the rank that has not dropped yet, they may think we are the big boys, we do what we want, when we are ready, we don't care what other countries are doing, we are the leaders, we don't follow, we lead, so we may even wait 1 more time, just to pretend we are being prudent and methodical, but really it's just because we don't want to look like we are sheep.
Or they could go ahead and drop but I think it will get to all-time highs between now and 4 weeks away anyway.
Any good news from the Fed will drive the Market up NASDAQ runs on Buy the Rumor and Buy the Fact.
If the Fed does drop rates this will significantly impact the Nasdaq and broader markets.
Nasdaq - Buy MoreTarget: 23,050
Stop: 16,700
Partial: 20,800
b]Key Considerations:
Fed meeting on September 18th
Traders are positioning themselves ahead of the announcement regarding the drop in the interest rate a 75% probability of a 0.25% drop.
USA is the last cab on the rank that has not dropped yet, they may think we are the big boys, we do what we want, when we are ready, we don't care what other countries are doing, we are the leaders, we don't follow, we lead, so we may even wait 1 more time, just to pretend we are being prudent and methodical, but really it's just because we don't want to look like we are sheep.
Or they could go ahead and drop but I think it will get to all-time highs between now and 4 weeks away anyway.
Any good news from the Fed will drive the Market up NASDAQ runs on Buy the Rumor and Buy the Fact.
If the Fed does drop rates this will significantly impact the Nasdaq and broader markets.
NQ1! SELL IDEA, CLEAR VIEW.Supply zone on daily, supply zone on 45min. You can add your thoughts on the comments.
NQ1! Sell ideaI don't trade these so just testing and you can add your thoughts.
So basically here supply was seen on daily and again on 45min timeframes.
Disclaimer: educational purposes only.
NQNQ and Bullish Bias for this Week, price can sweep PDL, Mitigated D FVG and from go for BSL Targets
$NQ1! Nasdaq100 Futures - 61,8% Retracement level reachedNasdaq100 e-mini has reached a retracement level of 61,8% from it's all time high. Between 50%-61,8% we call the ambush zone, because this is a popular zone for buyers to become fatigued and sellers to move in.
This is an area of interest and I will watch this zone very carefully for buyer weakness in coming days for a possible short position.
PS. This short position would be taken to hedge my current long positions.
Bullish Idea/ Chart Review for NMQU2024 08/16/2024Here are my thoughts and ideas for this past Friday's trading day. These posts are for my journaling process so please let me know what you think.
MNQ weekly update MNQ is currently sitting at the 61.8% Fibonacci retracement level. Based on technical analysis, the bulls appear to be in control. There is a wide-spread bullish candle with above-average volume, and the price has bounced off the 40 EMA, which also acts as a confluence. This week will be a test of the 61.8% level, and it will be important to observe how the market reacts around this key area.
This is my Bullish Chart review NMQU 2024 (08/15/2024) 15 min.This is a bullish perspective on the NMQU 2024 contract. This is for my own personal journaling. please let me know your thoughts.
NQ Power Range Report with FIB Ext - 8/19/2024 SessionCME_MINI:NQU2024
- PR High: 19673.75
- PR Low: 19614.50
- NZ Spread: 132.25
No key scheduled economic events
Relatively low vol open to start the week
Session Open Stats (As of 10:35 PM 8/18)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 436.52
- Volume: 15K
- Open Int: 230K
- Trend Grade: Bull
- From BA ATH: -6.3% (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
