NQ Futures - Bearish MomentumCME_MINI:NQ1!
Bearish NQ futures momentum.
Key takeaway:
- short / long significant price levels
- don't get caught in the chop zones
- MACD is negative and heading below 200 EMA
MNQ1! trade ideas
the power of SMT ( LONG ON NQ)Daily cycle SMT and 90 MINS CYCLE SMT , we either enter on CISD entry model to reach the next available liquidity or we use MSS and then wait a retracement to an FVG for an entry.
Intraday Gap Play On NQThis is a simple gap play to an open intraday gap at around 19,630 in NQ.
First, we want the market to move down a bit to optimize our RRR.
NQ Main ObjectiveFirst Objective is going to be the Second Lowest Line, final objective is the Bottom Line/Box. 4H Bearish SMT between ES and NQ + 4H MSS with Displacement. This is the Second Retracement and i'm saying this rally we saw in Asia/London was a Retracement because the HTF Objective is yet to be hit. In this retracement, there was 2 other Bearish SMTs with a 15M + 5M MSS inside of a 4H BISI & we hit a Daily Bearish OB.
Today's analysisToday at 10:00 New York local time we have CB Consumer Confidence. I wait to see if it respects this 15 minute gap and will look for a sell entry. It looks like we will be bearish. I will keep you updated if anything changes.
Long NQ for today. I said about SL at 19617, but let check this later today to find good entry point. And more clear SL , but for now it looks like a good scenario.
The Truth About Trading And How to Find EntriesThe truth about trading. Stop listening to Gurus, brokers, analysts and anyone else. Leave it to the charts. Here is how.
NQ Power Range Report with FIB Ext - 8/27/2024 SessionCME_MINI:NQU2024
- PR High: 19574.00
- PR Low: 19521.50
- NZ Spread: 117.5
Key scheduled economic event
10:00 | CB Consumer Confidence
Maintaining daily range
- Auctioning in 8/22 lows
Session Open Stats (As of 10:45 PM 8/26)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 387.53
- Volume: 13K
- Open Int: 232K
- Trend Grade: Bull
- From BA ATH: -6.7% (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
Nq going all the way up?!NQ is picking up some steam here as this trend changes in the favor of bulls...
Short Momentum with Minimal Technicals. CME_MINI:NQ1!
The short momentum and levels seem to be inbound. I shot this short clip for my buddy that is new to trading, but if it comes in helpful to anyone else for some plays, I wish you all the profits. Good luck!
Stocks Too Far Too Quick After Powell?E-mini S&P (September) / E-mini NQ (September)
S&P, last week’s close: Settled 5652.50, up 58.50 on Friday and 74.25 on the week
NQ, last week’s close: Settled at 19,790.75, up 212.50 on Friday and 185.00 on the week
Fed Chair Powell delivered his keynote speech at Jackson Hole Friday morning. As expected, he gave the nod to a path of interest rate cuts beginning at the September meeting but emphasized the pace is to be determined and data-dependent. Most importantly, there appears to be a transition from an inflation-dependent to a labor-dependent policy trajectory. This was notable in his comments that “confidence has grown inflation is on a sustainable path to 2%,” and “it is unmistakable the labor market is cooling, and further cooling is unwelcome.”
Equity markets, led by small caps (E-mini Russell 2000), had a phenomenal finish to the week. The E-mini S&P and E-mini NQ finished strongly, but merely recovered Thursday’s loss, whereas the E-mini Russell broke out, gaining 3.1% and trading into the highest level since August 1st. It is also gearing to be the last of the big four indices to recover its July 31st close, as the E-mini Dow achieved such on Friday. Speaking of July 31st, stock indices finished that session strongly on the heels of the Fed’s policy meeting but could not hold a bid through the intraday open the following day, before reversing sharply. We are certainly not calling for a repeat of August 1-5, but one must wonder, with Fed Chair Powell merely delivering what was expected, can markets hold this bid. For example, according to the CME Group’s FedWatch Tool, there is a 76.4% probability the Fed will cut rates four times this year, up from 66% before Powell on Friday.
The E-mini S&P settled Friday right at major three-star resistance, a level now defined as our Pivot and point of balance, detailed below. Tech was the laggard on Friday, with the E-mini NQ again failing at the critical 19,925 mark during Fed Chair Powell’s speech. In fact, it may take NVDA’s earnings after the bell Wednesday to clear it. This rare major four-star resistance level, along with strong resistance in the E-mini S&P at 5661.75-5665.25 and 5672.75, will be most crucial as the week gets underway. To the downside, a break below major three-star support in the S&P and NQ at 5632.25-5637.25 and 19,578-19,618 is likely to encourage additional selling.
Bias: Neutral
Resistance: 5661.75-5665.25**, 5672.75***, 5717.25-5721.25****
Pivot: 5652.50-5655.25
Support: 5632.25-5637.25***, 5618.50-5624**, 5614.25**, 5599.25-5603.25****, 5593.25-5594.50***, 5573.50-5582.75***, 5558.50-5560.25**, 5547.50-5551.75***, 5526.75-5536.50***
NQ (September)
Resistance: 19,783-19,790**, 19,832-19,867***, 19,904-19,925****, 19,981-19,995*, 20,025-20,085**, 20,150-20,180***, 20,355-20,371**
Pivot: 19,750-19,770
Support: 19,705**, 19,664-19,680**, 19,578-19,618***, 19,529-19,544**, 19,462-19,495***, 19,394**
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Disclaimers:
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
We are backI'm back. Looks like today we will be bullish. I must inform you that we have no news that may affect the market. From now on I'll resume work. I hope you have been profitable and are ready for a new week.
NASDAQ**NASDAQ:**
This week's forecast is for a reversal of the trend at 19935.75 to the zone between 18190.25 and 17995.50.
NQ Power Range Report with FIB Ext - 8/26/2024 SessionCME_MINI:NQU2024
- PR High: 19832.50
- PR Low: 19731.50
- NZ Spread: 226.5
Key scheduled economic event
08:30 | Durable Goods Orders
Maintaining Friday's inside print range
- QQQ gap below 468
Session Open Stats (As of 10:45 PM 8/25)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 395.80
- Volume: 21K
- Open Int: 236K
- Trend Grade: Bull
- From BA ATH: -5.6% (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
Here is last friday! I think that OB says alot!please let me know what you think about this interpretation of the price action on this last Friday. I think that OB had a lot to do with the reversal.
Last Tuesday was a Doosie! Here is what I saw (Short Bias)Here is what I saw on Tuesday of last week. My original idea was that we were going for higher highs, but after the quick run on the buy side, I had to change my perspective. What do you think?
None of this is advice for trade signals. this is just my own interpretation of the chart.
08/19/24 NQU2024 Bullish ICT Daily OverviewHere is what I saw on the charts on Monday for the NQU2024 chart. I have labeled exactly where I would get in and out, while also showing where my stop loss would be. This is not trading advice or suggestions to follow, just my interpretation of what price delivered.
My take on how to scalp using Delta Volume and Bollinger BandsIn this video I describe a super easy entry model that works and will help you enter high probability scalps.
Trading Supply and Demand Zones as they are being createdHere I explain how I trade demand and supply zones as they are being formed.
Nasdaq - $20,000 Up and Coming?!With a huuuge psychological barrier @ $20,000, it's expected that price is drawn to and from that region in quick fashions due to induced liquidity and with us closing at $19,776, there is more premium arrays in comparison to ES, with the expected influx of selling pressure coming into the market if NQ was to rally to $20,100 - $20,300* area (HTF)
First point of interest is this weeks highs @ $19,904.25 with $20,025.25 also in the scopes.
nasdaq push uptoday we se the market recovering from yesterday drop.
we are currently at the high of the sesion. wich means that there is a possiblity of a drop.
i have marked previous OHLC daily levels. that i think might work as a support for a trade to the upside.
taregt its marked in green.
we are going to trade these levels in 15 min chart. if we see a green candle rejecting one of these levels we take the trade. no green candle no trade.
have fun
ELEKTRA
20240823 NQIt can be a very volatile day with HI news at 10am and 8pm. Nevertheless I anticipate more upside before the 10am and reversal to the downside. It is TGIF narrative and one more leg to the downside will make a perfect sense with d ss raid.
