Afternoon sessionWe have the afternoon session. We are still bullish. If you switch to the 4 minute timeframe, you will find a fvg. I am waiting to see if you respect it and go long again.
NQ1! trade ideas
NQ - trading session no.264:00pm - 5:00pm
ok trading session today
need to figure out a way to place my SL perfectly
PnL: +1 RR
NQ Trade #1ICT concepts in action. Starting this journey to improve my trading over the long-term
Entered @ 20218 with 2 contracts. SL above FVG. TP was at 20180. Profit: 1440 minus commission
NQ1We have some sellside liquidity and a lot of FVG's price could sweep and tap into before continuing higher. we could retrace for a little before continuing up. It was also the lowest point in Asia's session.``
MNQU2024 - See that the contract has changedBeware that the contract has changed. Change the contract because we have a higher volume on the new one. Stop using the old contract. That's today's analysis. We're bullish
Nasdaq Playbook setup.Resistance @ 20250- 20300 Area using the September contract for Nasdaq. We can expect a 100 points drop . We had an initial drop creating a supply zone with an imbalance/Gap That loves to get filled. Price is currently retesting that gap. Exactly where I’m having my entry. Stop loss above the high. Let’s go
2024-06-17 - a weekly price action market recap and outlook - nqGood Evening and I hope you are well.
Nasdaq. 20000. What else can you say. The AI bubble will be in the history books and Michael Lewis will write a book about the insanity that’s going on. I sincerely hope they bring the exact cast back from the big short. You can quote me on this one. Over the next months, you will read about companies cutting back on spending, especially on AI since it’s expensive af and not bringing in any money. Nvidia will probably be halved somewhere in 2025/2026 so stock should hit around 65ish. Monthly ema is at 60. I looked that up after I wrote the halving part.
comment: Let’s review this weekly painting, now that we finally reached 20000. All bullish targets are met, the upper bull channel is broken and I expect this to be a bull trap rather than a breakout above with follow through. If nq trades above 20100, I am obviously wrong. Last two times we reached new highs we sold off for a couple of weeks and this is what I expect this time as well. Market will most likely pull back from here and then retest the ath again before we trade back to the smaller bull channel around 18500 or lower.
current market cycle: 20000. Get a tattoo of that.
key levels: 18000 - 20000
bull case: Bulls outdid themselves on this one. One for the history books. Can they get higher? Sure but I doubt it. Have nothing for them in this section. Move on.
Invalidation is below 19000.
bear case: Let’s see if they appear tomorrow. We should see a decent pullback to at least 19500 over the next days, follow by a retest of the ath, which should fail. A bigger two-legged correction should get us down to 18500 over the next days/weeks. On the bigger time frame all my bullish targets are met and all wave series ended between 19000 and 20000. Got nothing for the bulls here.
Invalidation is above 20100.
short term: Who buy’s this above 20000? Let’s see tomorrow. If they actually do, no idea where it can go. I expect a pullback to 19500 and the daily 20ema.
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: Short 20000 until bulls manage to break 20100 or big profits. I will take profits and add to this position along the way.
Chart update: This is my best guess on how the next 3-9 months will play out. Gave all the reasons above.
NQ - trading session no.254:00pm - 5:00pm
good session today
Im using the ATR to determine the size (ticks) for my SL
PnL: +2 RR
Why Is It A 'Show Me' Week for Markets?Please note, we are referencing the June futures and do not roll until Tuesday of each quarterly expiration week.
E-mini S&P (June) / E-mini NQ (June)
S&P, last week’s close: Settled at 5437.50, down 1.00 on Friday and up 81.75 on the week
NQ, last week’s close: Settled at 19,685.50, up 83.00 on Friday and 647.75 on the week
The E-mini S&P and E-mini NQ finished at new weekly records on Friday and closed higher for the sixth and seventh week out of the last eight, respectively. We have certainly not been ones to shy away from calling this a stock pickers market, finding many names outside the lauded “Mag 7” to hang our hats on, however, we find the latest breadth deterioration concerning. With economic data, earnings, and the June Fed meeting in the rear-view mirror, this will be a critical week. Will the Industrial sector continue to roll over, will the Consumer Discretionary sector build out a head and shoulders top. Look at the E-mini Dow, it is still 3.5% from its March record high and the E-mini Russell finished Friday at the lowest level since May 1st. The sectors absolutely matter, but the top six names (MSFT, AAPL, NVDA, GOOG, AMZN, META) now account for 30% of the S&P, and right here we are talking about index futures. Price action has built out nice support in the E-mini S&P at and around 5400, detailed below. If we see continued construction out above this area and, furthermore, strength in the E-mini NQ out above 19,685-19,691, then there is no reason to think the party is over, and our Bias will remain more Bullish.
Bias: Bullish/Neutral
Resistance: 5444-5447***, 5452.50-5454.50***, 5459.75***, 5475.75***
Pivot: 5430.50-5438.50
Support: 5424.25-5426.25**, 5413-5417**, 5408.50***, 5395.75-5397**, 5384-5387.50****, 5370.50-5375.75**, 5355.75-5359.25***
NQ (June)
Resistance: 19,882**, 20,000****
Pivot: 19,685-19,691
Support: 19,629-19,649**, 19,557-19,563**, 19,496-19,507****, 19,433**, 19,349-19,374***, 19,242-19,279**** 19,187-19,208**, 19,136-19,155***
Micro Bitcoin (June)
Last week’s close: Settled at 65,640, down 1,220 on Friday and 4,115 on the week
Bias: Neutral
Resistance: 67,200-67,290**, 67,515-67,735**, 68,375-68,855***
Pivot: 66,450
Support: 65,565-65,640***, 65,067-65,205**, 63,236-63,325***
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And we are backI'm back. I'm posting the analysis faster for you because today I won't be able to trade. I want to mention that we are bullish after we take sellside liquidity. Look for brake in market structure and look for a valid fvg to go long.
NASDAQ DROP OFFIf there is enough momentum in the market we can extend our drop for a 200 points move. From 19730 area to 19530 area. Otherwise grab a 100 points and bounce.
NASDAQ DROP OFFIf there is enough momentum in the market we can extend our drop for a 200 points move. From 19730 area to 19530 area. Otherwise grab a 100 points and bounce.
Playbook setup on NASDAQ US100 Nas100 We can expect a 100 points drop from 19,720 to 19620, due to the Resistance at 19700 -19750 zone and the formation of A Quasimodo pattern / Head and Shoulder formation. We have resting liquidity/A pool of a money sitting at 19600 -19500 zone waiting to be grabbed/ Raided. Rinse and Repeat. We are having a Playbook setup
NQ - Points of interest for a quick bullish scalpNQ keeps on grinding upwards.
I am cautious about shorts.
These are points of interest where I will consider quick 5-10 point scalps.
Small Account Challenge Day 24Bad week for the challenge account this week. I tried shorting MSFT and SMCI before CPI and got wrecked in short. The bearish bias did not pay off this week, especially when it came to tech and semis. I should have picked something weaker and not held through CPI, but I can't change it now.
NQ - trading session no.244:00pm - 4:26pm
not enough volume in the market today, unfortunate
PnL: -2 RR
Weekly PnL: +4.5 RR
nasdaq look downsatoday in the market. in NQ futures we have a range above a a gap.
we seem to be trading below the mid point of the lower part of the range.
so we are looking for a short.
first entry in 19,842 with stop in red and target in green 19,760 first target and 2 target closing the gap at 19,612.
we seem to be having more selling preasure in the range we are at the moment.
embrace the loss to unlock the green days.
20240614 NQI anticipate one more move to the downside in order to perform d ss raid and reach to the bottom of the ORG Thursday before the reversal to the upside and move to the new HOW and making new HH. HI news at 10am will create spike in volatility. That is why the wicks of the downside candles can reach deeper than the supposed support level of the ORG Thursday bottom. Risk should be respected. I would like DXY to support this scenario by not moving above to raid it’s w REH today and symmetrical move of DXY to the downside.
NQ Power Range Report with FIB Ext - 6/14/2024 SessionCME_MINI:NQM2024
- PR High: 19615.25
- PR Low: 19592.50
- NZ Spread: 50.75
Key economic calendar event
11:00 | Fed Monetary Policy Report
Maintaining value in Wed highs
- Holding inside prev session range
- Prev session advertising reversal back towards 19400
Evening Stats (As of 1:15 AM)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 235.94
- Volume: 17K
- Open Int: 228K
- Trend Grade: Bull
- From BA ATH: -0.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 19814
- Mid: 18675
- 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 100 - Dawn of the New Age !Nasdaq 100 has been rallying since it bottomed out of the deep 2022 correction. The current rally is likely to continue for sometime however, one should not be ignoring the technical levels for support and resistance that we observe on the chart for short term profit taking and building positions on pull back.
The recent highs are supported by an unprecedented demand for AI hardware. I believe we are in phase 1 of a major super cycle that is likely to pan out over years perhaps decades.
The super cycle is likely to have three stages.
1. The race to build out the infrastructure
2. Companies that are able to build their software to deliver services and finally
3. Companies that convert stage 1 & 2 into cash flows.
It’s hard to predict companies that will have the most success in stage 2 and 3. However, as a strategy I plan to stick to the hardware providers and then owning a diversified portfolio of tech stocks.
NASDAQ PLAYBOOK SETUPMarket creating a Resistance/Supply Zone at 19,650 -19,700 area. Expecting price to pullback into that zone to retest the zone to create a Quasimodo /Head and Shoulder Pattern. The presence of Bears at this zone can push the market down to Demand zone/ Support at 19,500-19450 area created during the All Time High Rally.
Market Crash - NQ Ascending WedgeHere's another ascending wedge here on NQ. It closed above today for the first time, so looking fairly bullish for now, but it's far from being a confirmed breakout. I'll be watching this wedge and the one on ES moving forward. ES has moved quite a bit further above its wedge than NQ, but neither have sustained the breakout just yet. Here's some paths I'd expect for both upside and downside.
OHLC Stat Mapping cooked today Usuall price delivery when bullish : you look to enter at or in close proximity of +M and target OPEN/opposing Manipulation or Distribution OR ADR when it is at logical level.
