Possible 10% downside that would put it close to the correctionAs previously suggested, the charted course changed significantly with central geopolitical and selling pressure based on catalysts surrounding inflation fears; I feel that this discourse is similar, maybe with a hint of differentiation 21500
MNQ1! trade ideas
Nasdaq 2025 outlookAs we complete 2024 and the significant move we have experienced in the NQ this year, its time to have a look at the possible outcome for 2025. the ascending triangle suggests a topping pattern and as the Santa Claus rally completes and portfolio adjustments for year-end, I have to conclude that we will see a reasonable correction in January/February next year. I have drawn boxes to indicate my support and resistance areas. As we all have found out this year sentiment is a primary driver of markets but we are so extended and selling rallies is challenging. I don't believe in fighting the trend but look for a set-up that limits your risk, happy holidays and take care
MNQ Week Review 01/06/25 - 01/10/25 Price delivered precisely to the Daily Discount Draw on Liquidity which was the D BISI 50% quadrant at 20,875.75 underneath that nice triple bottom PDLs.
Now the question to ask is does price justify staying inside that BISI or will price cut through the BISI and continue to reach for the SSL at 20,640.00?
Lets continue to watch and see if price reverses or continues lower from here.
This week I got to experience first hand why its good to have a Directional Bias and why its a good idea to stick with it regardless of being right or wrong.
- First always remember as a traders we do not control outcome only our performance and if we get one day wrong then thats okay because its only one day in my trading career not my whole trading career. Also its very important to have methodology or an edge that can produce consistency as that will help aid the mental battle of missing trades or getting the bias wrong and not getting the framework to take a trade. In the beginning it might feel bad but keep in mind the game is not capital gain but capital preservation. If your methodology is consistent in terms of producing setups then missed setups or hitting SL should not worry you as there will always be another day to trade and get a setup.
-Another key thing I want to touch on is the peace of mind you get when sticking to your Directional Bias. When your looking for example only Bullish scenarios and ignore all Bearish ones then your not over here investing mental capital on a trade that you know is counter to the HTF Bias and could easily hit your SL. Watching price action also becomes enjoyable as well because you don't care to be right or wrong so if your right and your setup forms then take the trade and if your wrong then just turn the charts off and trade another day as there is plenty of trading opportunities through out the year.
MNQ! Prediction - Week of Jan 13th (Possible 4H Swing) Scoping out this possibitly of a swing for the week if Price action permits
Looking for Profile to develop where Mon/Tues will probably be the highs of the week with CPI data coming on Wednesday.
Documenting here but will be looking for daytrades following this behavior, have to see how Mon/Tue start out.
Nasdaq buys coming in uptoo 21400This week promises to be intriguing with the Non-Farm Payroll (NFP) release scheduled for Wednesday. My focus will be on Monday’s London session to potentially set up a buy scenario for Nasdaq, aiming for the 21450 level. I plan to approach Monday with reduced risk and lighter trading volume.
Tuesday looks more dynamic, as I’ll be targeting a short setup if the market reaches my key point of interest. The conviction to target 20680 remains strong, aligning with my overall bias. Lets wait and see how manual intervention takes action Happy Trading and trust your process.
Proverbs 16:3 (NKJV)
Commit your works to the Lord, and your thoughts will be established.
Weekly Profile: Classic Monday High of the WeekDocumenting my identifications of Weekly Profiles
This here is a Classic Mon/Tue high of the week - Price being in a Bearish trend on HTF makes early week push on Monday touching into the Premium FVG (BSL) above before continuing HTF trend and trading through the 1H PD Arrays plotted
DXY,SPX;NDX,GOLD WIf you look at my old DXY analysis, it can give you a hint. I mentioned that I'm still biased towards the downside for SPX and NDX. The AI hype is good, but in my opinion, it's causing more harm than good. Meanwhile, wars are ongoing, unstable democracies and many narcissistic people are causing trouble. In addition to all of this, racist parties and mindsets were hyped before WW2 as well.I just want to share:)In my opinion, there will be lightning-fast chaos, I just don't know when.
Prepare Nasdaq for Monday on weekend 25.01.11Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
Briefing Results
Chart:
Buy Perspective:
No buy entry signals were triggered during session.
Sell Perspective:
While the initial blue ascending trendline break could have been a sell entry, the timing occurred outside of market hours (during the Asian, European, and U.S. sessions), rendering the move insignificant.
Thus, the sell entry was based on the extended yellow ascending trendline. Upon its breakdown, the target was exceeded, resulting in a total drop of 325 points and approximately $6,500 in profit per contract.
Daily Chart Analysis (Perpetual Contract)
Chart:
On the daily chart:
Lagging Span (Chikou Span):
The Lagging Span has definitively entered below the candles, suggesting a high probability of a trend reversal.
For a full reversal, the price must break above 21555.
Current Position:
The price is currently at 21016.
The Lagging Span suggests the potential for upward movement toward 21437 on Monday, barring further breakdowns.
Green Box:
Previously acted as a support zone, but the red box candlesticks broke below, creating new lows.
Ichimoku Cloud:
While the price has entered the cloud, it continues to close above the upper boundary, maintaining support for now.
Key Moving Averages:
Without a gap-up on Monday, the daily candle is likely to open below the 20 EMA and 60 EMA.
Major resistance levels are at 21090 and 21440, respectively.
March Futures Contract Analysis
Chart:
While largely similar to the perpetual contract:
The price closed within the Ichimoku Cloud.
Intraday trading on Friday even saw the price break below the cloud’s lower boundary.
Key Levels:
Resistance: 21213 (cloud upper boundary).
Support: 20930 (already broken once, so its strength as support is questionable).
Key Daily Chart Patterns
Chart:
Two notable patterns emerge on the daily chart:
Descending Triangle (Red Lines):
Height: ~6.8%.
The pattern broke downward on Friday, suggesting a potential target at 19594 (6.8% below the breakdown point).
Falling Wedge (Blue Lines):
While this indicates a corrective downtrend, a breakout above the blue box could signal a return to the highs or even new all-time highs.
Both patterns offer insight into market sentiment but require confirmation to act upon.
Monday Trading Strategy
Chart:
Buy Perspective:
Entry Trigger: A breakout above the green box + 21206.
Context: The price has shown resistance at 21206 following a rebound and subsequent decline.
Targets: Resistance levels are marked on the chart; verify specific price points on the chart’s left side.
Key Consideration:
Without a breakout above 21562 (light blue box), the overall trend remains bearish.
Any potential buy would likely be a temporary retracement within a broader downtrend.
Sell Perspective:
Recommendation: Monday may be best suited for observation rather than aggressive sell entries.
Risks: There are no clear support trendlines, and selling on a break of the previous low carries considerable risk.
Conclusion
The NASDAQ is a dynamic and unpredictable market where what appears to be a correction may not actually be one.
Recent declines can trigger panic among traders, but it’s critical to approach the situation with patience and a calm, strategic mindset. Avoid emotional decisions and focus on the bigger picture.
Trade smart and stay prepared for any market movements. 🚀
NQ going 1000 point downIn my opinion there is a huge downside potential in NQ . If you look carefully most of the time NQ forms head and shoulder pattern. It has formed 2 lower lows. Yesterday we ended up right at the resistance. Now on Monday if we close above that resistance then i think bullish thesis remains but if we close below that then bearish position will work. In my opinion i remain bearish. Caution advised
NQ Range (01-06-25)2025 will get going this week or next. The prior Post called U Turn near the Danger Zone with Friday-Monday rally, which may be extended to 1/13 since markets closed on 1/9. Orange TL is danger zone, shaded are U Turn zones and others are just key levels (KL's). 990 hit & Long U Turn to stall out (next dash white or 22,080). Notice 12/18 & 19, we may see that now on way up and if not, reverse it and NAZ will fall in the DZ. 1st white vertical is Friday close and 2nd is January month end. Looking for NAZ to retest 18,655 should it get in and stay in the DZ. We will need to see some drops in the off session Overnight (never happens) and Not see the Friday-Monday Long play. Unless these breakdown look Long (as they are holding up the NAZ). Should these crack we could see some drop moves like 12/18 & 19th and provide the right shoulder to the H/S. BTD, FOMO, GoFed in 2025.
MNQ!/NQ1! (EARLY) Day Trade Plan for 01/10/25MNQ!/NQ1! (EARLY) Day Trade Plan for 01/10/25
📈 21560
📉 20930
1/2 way mark 📈 21406 & 📉 21090
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*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
NQ Power Range Report with FIB Ext - 1/10/2025 SessionCME_MINI:NQH2025
- PR High: 21309.00
- PR Low: 21211.25
- NZ Spread: 218.75
Key scheduled economic events:
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
AMP raised margin requirements for pre-RTH jobs news
- Additional expectation of high volatility due to Friday following a closed market holiday
- Abnormally wide first hour range for session open
- Daily print advertising potential rotation above 21400
- Holding auction below Wednesday's close, above the low
Session Open Stats (As of 12:45 AM 1/10)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 378.31
- Volume: 33K
- Open Int: 239K
- Trend Grade: Bull
- From BA ATH: -5.1% (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
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed flat due to the U.S. stock market holiday and early futures market closure. The MACD has fallen below the zero line on the daily chart, indicating continued selling pressure. Today's non-farm payroll data will be a key event, as it may determine whether the Nasdaq breaks below the 60-day moving average and continues its decline.
On the 240-minute chart, both the MACD and Signal lines remain below the zero line, indicating a persistent bearish trend. This suggests a possibility of further sharp declines, potentially expanding the divergence. Ahead of the data release, the pre-market is likely to remain range-bound. Focus on range-trading strategies but manage risks carefully as the non-farm payroll data approaches.
Oil
Oil closed higher, finding support near the 240-day moving average on the daily chart. After facing initial resistance around the $75 level, oil found support at the 240-day moving average, indicating a strong chance of another attempt to break above $75. Additionally, support near the 10-day moving average suggests the potential for another upward wave.
On the 240-minute chart, a buying attempt is evident as the MACD moves closer to the Signal line. The chart resembles a head-and-shoulders pattern, where the neckline provides support, and the price may be attempting to form the right shoulder. Whether oil will surge beyond $75 remains uncertain, as the divergence in the MACD on the 240-minute chart and potential for time correction on the daily chart suggest caution. Avoid chasing prices at the highs; instead, confirm a breakout before taking action. Overall, buying on dips is the preferred strategy.
Gold
Yesterday, gold closed higher, continuing its upward trend on the daily chart. The MACD is approaching the zero line, and today's non-farm payroll data will determine whether gold moves above the zero line to resume a bullish trend or sharply reverses, resulting in a MACD dead cross and a bearish trend.
On the 240-minute chart, the bullish momentum remains strong, but upcoming events such as today's data and next week's CPI report could create a turning point. Given the potential for trend changes, it’s better to react to established trends. While the short-term trend is strong, range-bound movement in the pre-market is possible, so trade accordingly. Buying on dips remains a favorable approach.
As we approach the end of the trading week on Friday, heightened volatility is expected due to the non-farm payroll data. Manage risks carefully, and may you have a successful trading day!
■Trading Strategies for Today
Nasdaq - Range-bound Market
-Buy Levels: 21,190 / 21,120 / 21,065 / 20,990 / 20,945
-Sell Levels: 21,315 / 21,360 / 21,410 / 21,500
Oil - Bullish Market
-Buy Levels: 73.90 / 73.50 / 73.00
-Sell Levels: 74.80 / 75.20 / 75.60 / 76.40
Gold - Range-bound Market
-Buy Levels: 2,685 / 2,681 / 2,676 / 2,670 / 2,665 / 2,661
-Sell Levels: 2,700 / 2,705 / 2,710 / 2,716
These strategies are applicable only during pre-market hours. Profit-taking and stop-loss levels are set as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
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HTF Directional Bias for MNQ
I have a Bearish Bias in play before the 07:00 Pre Session aiming to reach for the Fri 03 Jan 2025 at 21,144.25 and price could come as low as the 20,934.00 level which has the clean triple bottom SSL.
The reason why I am Bearish is because price has made a recent rally into the D SIBI and found rejection at the 50% CE level on Mon 06 Jan 2025. Then on Tue 07 Jan 2025 price left that D SIBI to trade lower through the Volume Imbalance and into the discount wick of the candle from Thu 02 Jan 2025.
Since it is a very heavy news release I do expect it to make a nice move lower since there is a bunch of SSL resting below the PDL's and price could reach as low as the discount D BISI 50% CE level at 20,871.25
Prepare before National Foundation Day on Nasdaq 25.01.09Hello, this is Greedy All-Day.
First, I’d like to apologize for not posting a briefing yesterday, January 8, due to personal reasons. Let’s dive into today’s analysis of the NASDAQ.
Tuesday’s Briefing Results
Buy Entry: No buy entries were triggered, so there’s no commentary for this perspective.
Sell Entry: The trigger was a breakdown below the ascending trendline and the lower boundary of the supply zone at 21640.
Outcome: After the breakdown, the NASDAQ dropped by 350 points.
Profit: Approximately $7,000 per contract.
Daily Chart Analysis
The NASDAQ is currently consolidating between the 20 EMA and the 60 EMA, which suggests indecision:
The price has not closed below the 60 EMA, indicating that support is still holding and cautioning against premature selling.
The price has not entered the Ichimoku Cloud, which means a full bearish transition has not occurred yet.
This range-bound movement suggests that the market is awaiting a major catalyst, such as an economic indicator or political news, to determine the next directional move. A more strategic approach is required in this scenario.
Key Supply Zone Dynamics
The current range is highlighted in the orange box, where price movements have shown inconsistent behavior:
Resistance and support levels within this range do not align consistently.
The best approach in this zone is to wait for a clear breakout in either direction before entering a trade.
This area is prone to stop-hunting, increasing the risk of being prematurely stopped out in both directions.
Today’s Trading Strategy
Buy Scenario:
Entry Trigger: A breakout above the green box at 21812.
Reasoning:
The red box marks the upper boundary of the resistance zone, but breaking above it alone does not provide a strong buy signal.
A move above 21812 would signify a breakout above key resistance levels, including the descending trendline and prior candle resistance, providing sufficient justification for a buy entry.
Sell Scenario:
Entry Trigger: A breakdown below the orange box support.
Reasoning:
Breaking the short-term ascending trendline would open the door for a test of Wednesday’s low.
If the low is breached, the price could decline further to the 21006 level.
The 21006 support zone corresponds to the January 2, 2025 low of 20983, a critical level.
A breakdown here would signify entry into the daily Ichimoku Cloud, opening substantial downside targets.
Conclusion
Today is a market holiday in the U.S. (National Foundation Day), so trading activity will be paused.
In such conditions, I recommend avoiding impulsive or speculative trades and instead observing the market’s behavior to prepare for the next session.
Stay disciplined and trade wisely. 🚀
This briefing will remain valid until Friday due to the market holiday.
The next NASDAQ briefing will be shared over the weekend in preparation for Monday’s trading.
NQ1! Day Trade 01/08/25(bearish?)NQ1! Day Trade 01/08/25
📈 21600
📉 21070
1/2 way mark 📈 21468 & 📉 21200
Like and share for more daily NQ levels 🤓
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed lower. On the daily chart, the MACD has fallen below the zero line, signaling continued selling pressure. If the 60-day moving average support level is broken, it would be prudent to prepare for a drop toward the monthly 5-day moving average and potentially the 120-day moving average, depending on market conditions.
However, with the U.S. stock market closed today and the futures market closing early, trading is expected to be light, and the trend direction will likely become clearer after Friday’s non-farm payroll data release. On the 240-minute chart, both the MACD and Signal lines have moved below the zero line, indicating stronger selling pressure. Sell-side strategies are recommended, and given the early market closure, taking quick profits would be advisable.
Oil
Oil faced resistance near its previous high and closed with a bearish candle. Due to the rapid surge toward its previous high, a short-term correction appears inevitable. Maintaining support at the 240-day moving average will be crucial. The need to align short-term moving averages such as the 20-day and 60-day with current price levels suggests a period of price and time correction is likely.
On the 240-minute chart, a long upper wick has formed, resembling the head of a head-and-shoulders pattern. A neckline could form near the 240-day moving average, potentially leading to a rebound that forms the right shoulder. Given the wide divergence between the MACD and Signal lines from the zero line, another attempt at an upward move seems plausible. Buying on dips near key support levels is the preferred strategy.
Gold
Gold closed higher. The daily chart indicates a consolidation phase within a range, and market conditions suggest that trends will become clearer after Friday’s non-farm payroll data. Currently, a buy signal is visible on the daily chart, meaning any downward move may require a sharp decline, potentially driven by Friday’s data or next week’s CPI report.
On the 240-minute chart, the buy signal remains intact. Buying on dips is advisable, although the divergence between the MACD and Signal lines is relatively small. For gold to gain momentum, a significant breakout with a strong bullish candle would be essential. For now, range-bound strategies are recommended, favoring selling at highs rather than chasing prices upward.
Today's Market Notes
The U.S. stock market is closed today, and the futures market has an early close. With reduced volatility, a mixed and range-bound market is expected. Please trade with caution and aim for success!
■ Trading Strategies for Today
Nasdaq - Range-bound Market
-Buy Levels: 21,270 / 21,190 / 21,155 / 21,065 / 20,990
-Sell Levels: 21,410 / 21,500 / 21,550
Oil - Bullish Market
-Buy Levels: 72.80 / 71.90 / 71.00
-Sell Levels: 73.60 / 74.40 / 74.80 / 75.20
Gold - Range-bound Market
-Buy Levels: 2,670 / 2,665 / 2,661 / 2,654 / 2,649
-Sell Levels: 2,686 / 2,693 / 2,704 / 2,710
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
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