Bullish till March 26 High but open for retrace.We are at a daily -BPR at the moment. All daily candles have been bullish so far since April 22. The whole sentiment behind this has been the 90 day tariff pause.
There definitely is a mix of fundamental and technical reasons for both bullish and bearish bias once we achieve this target.
For this week, I would look for a long entry only if NQ retraces lower first. Otherwise would have to just watch it do its thing. Once we hit the March 26 High, I am very open for NQ to go to All time high again because that is what it historically does but I am also completely open for it to start dumping to monthly lows because it seems that the sell-side was not hit and the higher lows made on the 4H chart seem to be very low resistance targets.
Not a good time to marry a bias.
NQ1! trade ideas
#202518 - priceactiontds - weekly update - nasdaqGood Evening and I hope you are well.
comment: Bulls want at least 20536 now and run all the stops from before the big sell-off. Bears are not doing anything at all, so bulls will likely get it. This could be a breakout-retest and I marked the area for that with the red rectangle. Small chance bears come around next week but for now it’s too early to short and buying into 9 consecutive bull days is statistically beyond moronic.
current market cycle: trading range
key levels: 15500 - 23000 (upper range is a guess, could also become 21000 but for now we don’t know so I assume the higher price)
bull case: 20536 and then 21000. Those are the next targets and bulls are in full control of the market. The measured move from the buy spike at the lows is around 22350 and it’s possible that we get there. I think we need to see a pullback and how deep that will be. If we get only another sell spike and immediate buying for higher highs, we can also assume much higher prices. Above 21100 there is no reason not to go for 23000.
Invalidation is below 19100.
bear case: Bears have nothing. Below 19100 market is neutral but until then, selling this is dumb. Wait for more bears to appear or at least seeing something that resembles a topping pattern. Like a lower high on the 1h chart. Don’t try to be the lucky bear who shorted the exact high.
Invalidation is above 21100.
short term: Neutral. No interest in buying such a buy climax but it’s way too early for shorts. Patience is key.
medium-long term - Update from 2024-04-26: My most bearish target for 2025 was 17500ish. Now I assume we will be in a trading range 16000 - 23000 for much longer.
NQ Bull trap?Is this possibly a bull trap?
CME_MINI:NQ1! has reached the first weekly price imbalance created during the downward rebalancing. This is also dangerous territory.
There was a slight pull back Friday afternoon right before the closing bell but we wont know for certain until Monday mornings opening Bell.
I am still curious to see the opening on Sunday.
Things to note or we have been pushing higher without any considerable pullback on the higher time frame let’s take a look ….
Daily Chart
Intra Day Chart
NQ price visibly consolidating right above the Weekly imbalance low. The exit from this consolidation will tell us a lot, until then I wil remain cash or reduce risk dramatically until direction is evident.
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2025.05.16 nasdaq analysis
This is the briefing result for Nasdaq as of yesterday.
The briefing began during the yellow box phase.
At that time, I clearly mentioned that the market had entered a short-term correction phase and emphasized the importance of the 21187 support level marked by the red box.
As seen in the chart, the 21187 level was not broken to the downside and instead held as support, followed by a rebound.
This reaffirms the significance of the 21187 level.
Afterward, the trend continued upward.
Looking at the 15-minute chart, there have been consistent lower wicks breaking below support,
which decreases the reliability of a short opportunity simply from a trendline break.
At this point, the trust in a sell-off purely based on trendline breakdown is weakening.
This chart outlines a short-term sell strategy.
As previously mentioned, while the short-term uptrend line has become less reliable,
if we see a break of the trendline and a drop below 21376,
we could expect a pullback toward the blue box area around 21320~21300.
Thus, a short-term short strategy may be valid in this scenario.
From a daily chart perspective, Nasdaq closed with a green candle again,
but the shape of the candle resembles a doji with similar upper and lower wicks.
What we need to focus on here is that Nasdaq has re-entered a high-volume price area (supply zone),
but since no clear direction has formed, many positions seem to be closed off whenever the price pushes higher.
On the downside, since the 21187 support level has held,
this remains the most critical level.
If 21187 is broken downward, it could mark the beginning of a daily-level correction phase.
Conclusion:
No clear direction yet.
While the direction was upward until yesterday, the doji close suggests caution.
For further bullish movement, a confirmed close above the current supply zone is essential.
If the market corrects downward, watch for a break below 21187.
The current price action is forming a channel pattern with higher lows and higher highs.
If traded correctly within this range, good opportunities may arise.
2025-05-15 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
comment: Market is in peak euphoria again but you would be buying at the very top on an Opex Friday. Like… Just dont. Enjoy your weekend. I expect a rather choppy session maybe even a deep pullback rather than closing the week on another green bar.
current market cycle: trading range
key levels: 20600 - 22000
bull case: Bulls want a new ath and we are high enough, that they could easily get it next week. My count was likely wrong and W1 was not the spike from 16735 to 19388 but rather the leg from 17863 to 20277. That means we are in W3 and W4 is around the corner. I have many calculated targets around 23000 and as of now, there is no reason we can not get there. It’s a very tight bull channel upwards. Bears are not doing anything so the path of least resistance is up.
Invalidation is below 20100.
bear case: Bears need a miracle. That’s it. Best they can maybe get is a pullback to the bull trend line around 20700ish but I highly doubt that. If we print 21000 tomorrow, most bears would be wet and take their profits before letting them see burning away again. My assumption for tomorrow is a choppy session somewhere between 21000 - 21600.
Invalidation is above 21600.
short term: Neutral. Opex Friday, I made my money this week. Absolutely no need to throw it away tomorrow. Less interest in buying up here but bears are barely making money, so I’d rather sit on hands.
medium-long term - Update from 2024-04-20: My most bearish target for 2025 was 17500ish, given in my year-end special. We are +18% from the lows and I do think, once this turns again, it will easily be the short trade of the year.
trade of the day: Longing the lower low below 21300 is the obvious choice. Market went sideways to up with higher lows for 4h. There were at least 4 big tails on the 15m chart which told the story.
Nasdaq 100 3 Bar Trendline now Intact!Hey traders so as you can see you don't need indicators just a simple drawing of a straightline to try to get on the right side of the market. Does it always work NO but most of the time it does. So now we need to wait for the pullback before considering to enter from the long side. Have your order ready and always use risk management.
Don't chase the market let it come to you!
Enjoy,
Clifford
NQ Power Range Report with FIB Ext - 5/15/2025 SessionCME_MINI:NQM2025
- PR High: 21386.50
- PR Low: 21361.50
- NZ Spread: 56.0
Key scheduled economic events:
08:30 | Initial Jobless Claims
- Retail Sales (Core|MoM)
- PPI
- Philadelphia Fed Manufacturing Index
08:40 | Fed Chair Powell Speaks
Temp 25% AMP margins increase for Powell expected pre-RTH volatility spike
- Extending week highs, holding previous session high
- Advertising potential rotation with weekend gap motivation
Session Open Stats (As of 12:15 AM 5/15)
- Session Open ATR: 515.63
- Volume: 25K
- Open Int: 290K
- Trend Grade: Bear
- From BA ATH: -5.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22096
- Mid: 20383
- Short: 19246
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
2025.05.15 Nasdaq analysisHello, this is Greedyallday.
It’s been a while since the last update.
Today’s analysis is on the NASDAQ.
📈 Daily Chart View:
Looking at the NASDAQ on the daily chart:
The current price action has entered back into the range that existed from November 2024 to February 2025.
This range is approximately 20,790 to 22,430.
Although the range is wide, it reflects the strong volatility we’ve recently experienced — making this level of fluctuation reasonable.
One key area to observe is the blue box.
There were two significant gap-ups, and recent NASDAQ movement consists only of strong bullish candles.
So, where could the correction go if it occurs from here?
The maximum potential drop appears to be either:
20,763, or
Near the May 13, 2025 low of 20,818.
Since price has entered a larger daily frame, a correction could potentially push it down toward the lower end of the frame.
But considering that 20,818 acted as a recent support level, that area can be used to anticipate the bottom of the correction.
🕒 15-Minute Chart View:
On the 15-minute chart:
After the weekly close on May 9, 2025, the NASDAQ saw a gap-up, and an upward trend formed — but that trend was broken earlier today.
In the short term, we can say a correction trend has begun.
However, looking at the yellow box, the price is still making higher lows and higher highs, meaning the market structure remains bullish for now.
So, even within this correction, we may continue to see long lower wicks followed by rebounds.
If the price breaks below 21,187, that would signal a clear shift into a deeper correction phase.
At that point, the previous strong rally from the blue box may be reversed by selling pressure.
In that case, the short-term downside targets would be:
20,996,
and at most 20,763.
🔍 Summary
To summarize:
The NASDAQ is currently in an uptrend — making higher lows and higher highs — but we’ve entered a potential correction zone.
However, this is not yet a confirmed full correction.
We need to wait for a clear break below 21,187 before entering any trades based on that view.
💰 Buy Setup
None for now.
Despite the ongoing bullish trend, the market keeps setting new highs, making it difficult to find a good entry point.
It would be wiser to wait for a clearer correction before considering a long position.
📉 Sell Setup
Trigger: Break below 21,187
🎯 Targets:
TP1: 21,070
TP2: 21,000
TP3: 20,780
❌ Stop Loss:
Set at around 21,282,
which is the level where, if price re-enters the mid-range of the previous bullish frame, the short thesis becomes invalid.
$1000 on this one NQ tradeBeautiful trade caught here on NQ. Happy we were able to capitalize on this and make the right decisions when it came to risk and our profits.
We'll see where NQ takes us next, our MNQ trade could get stopped out and if it does I am content either way. GETTEX:52K threshold reached for our prop trading challenge account.
May this month be the month we are able to pass this account and start capitalizing from our trading.