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Micro E-mini Nasdaq-100 Index Futures

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MNQ1! trade ideas

How to Use RSI for Buy & Sell Signals! The Relative Strength Index (RSI) is a momentum indicator that helps traders identify overbought and oversold market conditions. It ranges from 0 to 100, with two key levels: ✅ RSI < 30 → Oversold: The asset is potentially undervalued, indicating a buying opportunity. 🚨 RSI > 70 → Overbought: The asset is potentially overvalued, signaling a potential sell-off. How to trade it? - When RSI drops below 30 and then moves back up, it suggests a bullish reversal (see green arrows). - When RSI goes above 70 and then turns down, it signals a potential downtrend (see red arrows). How long should you hold your position? A great tip is to stay in the trade until RSI approaches the opposite extreme. For example: - If you enter when RSI is below 30, hold until it nears 60-70 for an optimal exit. - If you sell when RSI is above 70, you can hold a short until it drops near 40-30. In the chart, you can see how the RSI accurately predicted major turning points in the market! ⚠️ Pro Tip: RSI works best when combined with other indicators like volume or moving averages to confirm signals!
CME_MINI:NQ1!
by SmartSignalss
NQ Power Range Report with FIB Ext - 2/24/2025 SessionCME_MINI:NQH2025 - PR High: 21774.50 - PR Low: 21676.75 - NZ Spread: 218.25 No key scheduled economic events Daily levels updated: pivots and expansion - Faded back to daily Keltner average cloud - Auction holding above Friday's close, retraced ~20% Session Open Stats (As of 12:55 AM 2/24) - Weekend Gap: N/A - Gap 10/30/23 +0.47% - Session Open ATR: 352.52 - Volume: 36K - Open Int: 282K - Trend Grade: Bull - From BA ATH: -2.9% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22667 - Mid: 21525 - Short: 19814 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
CME_MINI:NQH2025
by mv3trader5
mnq 24/02(daily/4h/1h)future marketdaily is bullish consolidation 4h is down trend 1 h is down trend we gen get short in good 1h supply zone. 1)because now mnq is in saturated sold out phase and like to come to exit that phase. 2)when price come to our zone in 1h,trend in 1 and 4 h still is down trend. 3)we dont meet any strong demand at this time that force us to up trend suddenly. our zone has move out ,break out, fresh, in high curve, in direction of our trend then short is logical.
CME_MINI:MNQH2025Short
by nooshin_yamani
Weekly and Monday analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower as the Consumer Sentiment Index declined. Last Thursday, I mentioned that the weekly chart suggested continued downside potential, and with Friday’s sharp decline, the weekly MACD has once again turned strongly bearish. Since the weekly MACD failed to form a bullish crossover and has now resumed its downward trajectory, this move can be seen as a whipsaw pattern followed by renewed selling pressure. On the daily chart, the Nasdaq has dropped to the 60-day moving average, and the MACD has crossed below the signal line, triggering a sell signal. However, since Friday’s daily candle alone does not fully confirm the sell signal, today’s price action will be key in determining whether the sell signal is fully confirmed. The market decline was primarily driven by concerns over weaker consumer spending, tariff-related inflation expectations, and broader economic uncertainty. Since a large bearish candle has formed on the daily chart, the market should be approached with a sell-biased strategy. Given the strong resistance zones, selling near the 3-day moving average upon any rebound would be an effective approach. On the 240-minute chart, the MACD has dropped sharply, pushing the signal line below the zero level. However, a short-term bounce may occur due to oversold conditions, making it important to watch for early support levels in the pre-market session. A range-bound approach remains favorable in the short term. Crude Oil Crude oil closed lower, pressured by expectations of increased oil supply from Iraq. On the daily chart, a buy signal appeared on Friday, but as mentioned earlier, it was not fully confirmed. Instead, oil closed lower, leading to a failed bullish signal and renewed downward momentum in the MACD. This shift in momentum suggests that selling pressure is increasing, making it more likely that oil will struggle to sustain a bullish breakout. On the weekly chart, the MACD has not yet crossed below the signal line, meaning that some rebound potential remains. However, if oil closes the week with a bearish candle, a weekly sell signal could be triggered. The $70 level remains a key support zone. Until $70 is broken, oil should be treated as range-bound. However, if $70 is breached, downside momentum could accelerate, making a sell-biased strategy more favorable. On the 240-minute chart, the MACD has dropped below the zero line, while the signal line remains above it. This suggests that some support may still exist near $70, but if the signal line also drops below zero, selling pressure could intensify further. Risk management is crucial for long positions in this environment. Gold Gold closed flat, remaining within a range-bound market structure. On the weekly chart, the bullish trend remains intact, but the market is now in a potential correction zone. On the daily chart, the MACD and signal line are nearly converging, making today’s price action critical in determining whether gold will break higher or enter a consolidation phase. On the 240-minute chart, gold is trading sideways at recent highs, reinforcing the range-bound nature of the market. The MACD failed to maintain bullish momentum and has started turning downward, but since it remains above the zero line, even if gold declines, it is likely to bounce back within the range. However, if the 240-minute MACD falls below zero and the signal line follows, this could trigger a sharp correction following the recent rally. Traders should watch this development closely. This week, key events include NVIDIA earnings(Wednesday), U.S. GDP report(Thursday), PCE inflation data(Friday). As the week progresses, market volatility is expected to increase, making risk management a top priority. Wishing you a successful trading week! If you like detailed this analysis and today's strategy, please follow me and give it a boost!
CME_MINI:NQ1!Short
by Futureguard
#202508 - priceactiontds - weekly update - nasdaq e-mini futuresGood Evening and I hope you are well. comment: Much more neutral again, since we are exactly at the 50% retracement of the recent bull leg. We are in a 4 month trading range and the middle is the worst place to take trades, at least on higher time frames. I do think bears will get follow-through and we will see 21300 or lower next week but we could also have a bounce first. Is this also still a bull trend? Yes. Only below 20600 we are making meaningful lower lows and market would have a chance of testing 20000. If you look at the weekly or monthly chart, there is no doubt that this is still a bull trend until we go below the 2024-08 lows below 17900. These time frames are good to look at on a weekly basis to remind you where we are but your daytrading should not be affected by it too much if at all. current market cycle: trading range key levels: 21000 - 22500 bull case: 22k failed and we went down to the 50% retracement. Bulls just have to buy here or we will go down 300-500 points lower early next week. What are the odds that this was another spike and now we strongly move back up again? That’s the question probably everyone is trying to guess. All previous spikes over the past 2 weeks were bought heavily and this could be as well. I have no opinion on who is likely to win this, so I think it’s 50/50, as it’s probably the best answer, given that we are at the most neutral price again. Targets above are 21950 breakout price, 22000 big round number and then likely the high at 22320 or even 22500 for a new ath. Invalidation is below 21900. bear case: Very strong selling on Friday by the bears. The odds of this happening on an Opex day are low. We are not at the 50% retracement and I have no idea if we get immediate follow-through down or not. Every time I have no bias, I am neutral and expect sideways movement. Since the bears closed the week at the very low, they remain in control until proven otherwise, no matter my neutral stance. If they keep it below the 15m or 1h 20ema, we could just continue down. The next lower targets are 21400 which would close the first gap and then 21200 which is my next bull trend line but that one is a big uncertainty. Below is obviously 21000 and I think the odds are decent we could get there over the course of next week. Invalidation is above 20900. short term: Neutral but if bears keep the bounce very shallow and below the 15m or 1h ema, I lean heavily bearish for 21400 or even 21000. The momentum is clearly on the bear side but given that Friday was Opex and some fishy news came out, I’d rather be neutral going into next week. The high was certainly high enough to qualify as another rejection above 22000 and market is free to test lower or even make new lows. medium-long term - Update from 2024-02-23: Neutral since we are in a 4-5 month trading range. Still leaning heavily bearish for this year but for now it’s sideways until we get consecutive daily closes below 20000. current swing trade: None chart update: Only removed lines and added potential targets for both sides. Only clear pattern right now are the bull wedges on the weekly/monthly chart.
CME_MINI:MNQ1!
by priceactiontds
NQ Short (02-18-25)NAZ took road to upper Target of my (2/10/25) Post. I am looking Short and may be early since we have a Holiday (O/N) session which usually leads to low volume Long only air balloon rides. Chart for this week: Shaded Zone (SZ) is Gap Fill (December contract change) with yellow dash as mid level. NAZ will need to get above SZ, ML SZ and mid level of long term channel (grey dash). TLX's at 22,300-50 and below at 22,037 (may be range for break out). White dash arrow is Long target by month end and Yellow dash arrow is Short target by month end. NAZ did get above the sideways range that started in early November, 2024. The prior 4 times this has happened, the NAZ fell in and dropped nearly 1,000 points each time. Three of these drops moved the distance in a few hours to a few days. Long play is fine this week, should we see Push/Pull jerky sketchy price action, look Short. Prior 3-4 month narrow sideways PA has been setting up a big move, not sure on direction but thinking Short.
CME_MINI:NQ1!Short
by MAZing
10
Nasdaq Complex Combination Correction An Elliott Wave combination correction is a complex corrective pattern in Elliott Wave Theory, typically formed when simpler corrective patterns combine to create a larger, more intricate structure. It consists of two or three corrective waves labeled W, X, Y. Combination corrections aim to extend and complicate the corrective phase, often seen in sideways or consolidative price action. They provide a way for markets to consume time and create balance before resuming the primary trend. Key Characteristics: The larger trend of the correction labelled as W,X,Y consists of 3 corrective wave structures being 2 Zig Zags, and and ending symmetrical triangle labeled A,B,C,D,E. Each major corrective structure ends with a 3 wave impulse move to the downside, followed by a 2 wave corrective structure before resuming the trend. You can see more detail on EW theory related to elliot wave combination structures on the website: elliottwave.com/waveopedia/combinations/ What catches my attention for this up coming week is a potential end to the corrective structure on the NQ (Nasdaq Futures), as the compression in price may see a final bounce at "E" for the breakout back towards the ATH. Only time will tell
CME_MINI:NQ1!Long
by afurs1
NQ - Feb 20th FrameworkWednesday failed to expand through Tuesday range. Weekly range currently in a consolidation. Consolidation protocol active. I am neutral on price until a sweep on the external range. Once a sweep occurs, I will hunt the 15m cisd and target the opposing liquidity. This will confirm the weekly profile & the intraday profile. Need the alignment for a high probability trade. Anything internal is lower probability for my model. Price MUST take external liquidity. Consolidation Reversal weekly profile likely. Mon - Wed in a range, Thursday raids external range then reverses, Friday offers continuation to opposing liquidity.
CME_MINI:NQ1!
by CEOTraders