MNQ1! trade ideas
NQ Power Range Report with FIB Ext - 7/3/2024 SessionCME_MINI:NQU2024
- PR High: 20251.25
- PR Low: 20231.50
- NZ Spread: 44.25
Key economic calendar events
08:15 | ADP Nonfarm Employment Change
08:30 | Initial Jobless Claims
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
10:30 | Crude Oil Inventories
13:00 | Early Close for US Independence Day
14:00 | FOMC Meeting Minutes
Returning to ATH range
Evening Stats (As of 10:25 PM 7/2)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 253.85
- Volume: 10K
- Open Int: 261K
- Trend Grade: Bull
- From BA ATH: -0.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20383
- Mid: 19246
- 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
2024-07-02 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
nasdaq e-mini futures
comment: What a bull day… Just straight up buying all the way up. Market did not touch the 15m ema once since 30mins before us open. Happy for everyone who were long since below 19970 and held. Still a lower high but given the strength of today, some follow through is expected.
current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. —unchanged
key levels: 19700 - 20100
bull case: Bulls want a measured move up from the strong buying today, which could bring this to 20600. Sounds insane but that’s what the chart is showing. First target for the bulls is till to make this a higher high again and for that they need to trade above 20273. If they do that, I don’t think this will be stopped until a much higher ath.
Invalidation is below 20100.
bear case: Not having much for the bears here. They just vanished today since US open. They need to do everything they can to keep this a lower high below 20273 or bulls will make a new ath. IF bears can reverse this, 20000 is the magnet we are oscillating around. I don’t have much fantasy how this market could do another meltup to be honest but price is truth and the chart is screaming “*explicit* your puts” and wants higher.
Invalidation is above 20273.
short term: Max bullish above 20273 for new ath but inner bear in me hopes this reverses again. I don’t have any open positions on this.
medium-long term: This climactic blow off top 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.
current swing trade: None
trade of the day: just buy anywhere around the us open and hold. 15m ema was not touched once.
NQ Trend ExamplesI use trendlines a lot if you haven't noticed. I get a lot of questions about trend spotting and I think the NQ chart from the last few days was a great example of some different trends that break, but then reverse trend again. Lately trades haven't been seeing much follow through outside some of the stronger names, so I thought this might be helpful in showing how I determine when to enter and exit positions. You need both a trend break and confirmation, there are plenty of fakeouts.
ANALYSIS NASADAQ 4H key levels and information. Here's a detailed analysis:
Volume: Vol (20) 6:19 usD
VAP (Week): 20,030.41 —— 1418 20,694.50
Key Levels:
20,600.00
20,400.00
20,225.25
20,000.00
19,800.00
19,600.00
19,400.00
19,200.00
19,000.00
18,800.00
18,625.00
Based on this information, we can make some trading decisions:
Buy and Sell Strategy
Support Levels:
19,000.00
19,200.00
19,400.00
19,600.00
19,800.00
20,000.00
20,225.25
Resistance Levels:
20,400.00
20,600.00
Buying Strategy
Buy at Support: Look for buying opportunities around the support levels, especially if the price approaches 19,000.00 to 20,000.00.
Target Price: Set target prices slightly below the resistance levels (20,400.00 and 20,600.00) to ensure profit-taking.
Selling Strategy
Sell at Resistance: Consider selling or shorting when the price approaches the resistance levels, especially around 20,400.00 to 20,600.00.
Stop-Loss: Place stop-loss orders just above the resistance levels to limit potential losses if the price breaks through.
Volume and VAP Analysis
Volume (20): Use volume analysis to confirm buying or selling signals. Higher volumes at support levels can indicate strong buying interest.
VAP (Week): Monitor weekly VAP levels (20,030.41 to 20,694.50) for potential shifts in market sentiment.
Can the HOUSE LONQ NQ After MAJOR NEWS EVENTS 2DAY!!!!CME_MINI:NQ1!
"The One Most Adaptable to Change is the One that Survives." -Charles Darwin
Current PA on NQ! Let's wait for news to come out N lets see if we can go LONG this morning from either 2 zones on the 5m TF...
1) I'll keep close update as PA develops and we have more data to work with...
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Keep Steppn!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
7/2 iDEA AND LAYOUT POWELL SPEAKING AT 930GREATTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT MORNING YALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!<
😏 😏 😏
07/02/2024
**News** ON THE BLOCK TODAY!!!!
***Jerome Powell Speaks*** WATCH OUT HIS WORDS WILL WHIP SAW THIS LIKE NO OTHER
9:30 AM ET
***JOLTS***
10:00 AM ET
***Midnight*** **CONSENTRATED CONSOLIDATION **
*#ES 5521.75*
*#NQ 19982.50*
💰 **BUYSIDE**💰
***#ES 5541.25***.--->Above this level we look for --->....
🟢 5552.75
🟢 5564.50
🟢 5580
🟢 5604
🟢 5616.75
🟢 5639.50
🟢 5653.25
🟢 5676.85
***#NQ 20017.75***...---> Above this level we look for-->
🟢 20022.75
🟢 20089.50
🟢 20113.25
🟢 20151.50
🟢 20201.50
🟢 20246.00
🟢 20292.25
🟢 20332.50
💰 **SELLSIDE**💰
***#ES 5500***--- Below this level and we look for
🔴 5489.25
🔴 5468.7
🔴 5436.50
🔴 5406
***#NQ 19908.25***---> Below this level and we look for
🔴 19880.25
🔴 19812.50
🔴 19775.25
🔴 19749.50
🔴 19693.25
🔴 19647.75
Nasdaq Short Term DOL Beyond these highs, I want to wait for more information before doing a full pull to HTF Objectives. So for now this is the main objective with high probability in being reached as it aligns with both the Bearish and Bullish Narrative. Either price will go here to sweep buy side liquidity to allow for a reversal back lower. OR it sweeps these highs, retraces and pushes higher.
Today's analysis.Yesterday I was wrong in my analysis so you don't always have to rely on what I post. I can't always be precise about the market because it's a hard market to analyze and I give my interest to make your work easier.
NQ Power Range Report with FIB Ext - 7/2/2024 SessionCME_MINI:NQU2024
- PR High: 20054.50
- PR Low: 20029.00
- NZ Spread: 57.0
Key economic calendar events
09:30 | Fed Chair Powell Speaks
10:00 | JOLTs Job Openings
Maintaining range of prev 4 sessions
Evening Stats (As of 10:45 PM)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 252.90
- Volume: 17K
- Open Int: 246K
- Trend Grade: Bull
- From BA ATH: -1.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20383
- Mid: 19246
- 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 Next leg upQQQ options are pricing a move to 490 ish this week. Rough math equates to 20385 ~ 20400 , over that is the potential for 20750
Nas100 AnalysisI can see that the bulls are trying to step in .
I am waiting for price to close above my zone to look for entrys
NQ BUYReturn to distribution of the future NQ. Leg sideways in formation? Or resumption of the trend? Right now there is an excellent risk-reward ratio of a long entry. Analysis for educational purposes only. Don't do this at home
nasdaq lost iths fuellooking at the market today we see weeknes in daily.
even doe we are in th lower part of a intra/range i will put my odds in short.
speaicalley ibn daily analisis. i have a naked wick on 20,0009 so there we put i limit.
target in gren.
have fun
We are backThat's the analysis for today. After analyzing the DXY as well, it looks like we will be bullish. Be patient and see what the market wants to do. What I'm posting is strictly informational. Everyone has the right to analyze and enter as he wants.
Nasdaq NarrativeOverall Short term Bearish on Indices. Long term Bullish. All I want to see is for a drop into Sell Side Liquidity, if Nasdaq is Bullish it'll create a Bullish SMT Divergence at the lows with S&P, along with the Daily & Weekly BISI I would expect that to allow for an expansion to new ATHs for NQ.
There's three scenarios that can play out. 1: Just move up higher from right here, price swept minor lows & created an SMT Divergence.
2: Sweep big fat lows and create a bigger SMT Divergence on the Daily Chart.
3: Unlikely/probably won't happen, Drop way way lower than last weeks low.
Number two is the most favorable as it'll allow for a sweep of Asia/London Lows and expand higher during New York Session.
Number one can happen, just more risky, I would just have peace of mind if that liquidity is swept before expanding higher. I've seen too many times where it created an SMT Divergence and did everything else, but did not sweep liquidity, and the trade failed. So the Higher Probability is, we do sweep those lows
With Asia and London Session it'll be clear which one of these scenarios will play out
Summary: Drop down into those lows, expand higher, create Low Of Week around Monday. Monday will be a good trading day as it's NFP later in the week, which usually means Mondays are one of the best days to trade in the week. It'll most likely drop pretty far down, just to end up completely reversing all the way back up
IDEA FOR NQLooking bullish coming off of the FVG on the 4H... at 618 retracement on 1H and is headed down to bullish FVG on 30M looking for it to continue bullish off that AOI
NQ Power Range Report with FIB Ext - 7/1/2024 SessionCME_MINI:NQU2024
- PR High: 19984.50
- PR Low: 19944.25
- NZ Spread: 90.0
Key economic calendar events
09:45 | S&P Global US Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
Evening Stats (As of 10:35 PM)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 252.03
- Volume: 21K
- Open Int: 237K
- Trend Grade: Bull
- From BA ATH: -1.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20383
- Mid: 19246
- 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
scalp trainingwarming up for market open playing the futures per trend, this is paper trading obviously but still fun and teaches plenty.
6/30 | $NQNot much change from last week's view. Still expecting more downside into the next 1-2 weeks. Would love to see us move lower into my demand zone marked.
I do have an alternate chart where instead of a large drop, we range bound instead.
