NQ1! Gap DownEntry missed by 5 ticks or 1 point and 1 tick. Unfortunately, the idea behind this setup can't be shown to the detail that I would have liked, on a chart, as I am unable to publish an idea on timeframes of less than M15. However, I will try my best to describe and explain as clearly as possible in this idea.
My first thought of call after hearing the new Steel Tariff news was that Futures would possibly gap down into Sunday's open. This part of the thesis was correct and so continuing from here, I wanted to see how price action behaved post the gap down and whether or not price would fill the gap or rolled over and begin a further leg down. To the aid of 20/20 hindsight, we can now see that price rolled over to the downside. This next part is significant to whether I was going to leave a Limit Order resting. Before the roll-over was instigated, I would have presumed that traders who were immediately short from the open were then in immediate drawdown due to the temporary rise in prices before the continued down-move. Their buy-stops would have either been above the first one minute candle's high, at an area below the previous support now turned resistance or above Friday's close.
Again hindsight shows now that the majority of the short term liquidity was at a zone below the previous support area. After the initial roll-over move, I then immediately changed to an M1 timeframe to see if I could spot firstly a liquidity grab and a break of structure to the downside due to displacement thus creating a bearish price imbalance or more commonly known as a Fair Value Gap. The presumption that whoever placed market orders immediately at the open, boosted this theory that Buy-Side-Liquidity could be present above the market price.
On M1, I spotted the roll-over to the downside after taking out all the traders that were immediately short from the open. Then, in conjunction with one another a break of structure and displacement. Displacement, a strong period of selling pressure producing a price imbalance or Fair Value Gap in this instance needed to cause price action to close below or break the short-term swing low after the liquidity grab, which is known as either a market structure shift or break of structure.
There were two opportunities to trade short before leaving my Limit Order resting at the Fair Value Gap that you will be able to see on the chart as a small red rectangular box. All the necessary labelling is there. I was just not on my toes enough to spot the first two OTE points before seeing the market drop further. Therefore, I thought to myself, leave one sell contract resting at the 0.25 Gann level, being measured from the high of the lower wick of the FVG to the low of the higher wick of the FVG, (this is something that I am back-testing to see if the 0.25 Gann level always gets hit within these price imbalances or not) with a stop above the first bearish candle's high that caused the break of structure on M1.
I hope this description is good enough for anyone wanting to read this. If you have the ability to scale down to the M1 chart then please do take a look at the NQ1! from last night's open and I wish you all good trading.
NQ1! trade ideas
The Last Batch of Good DataCME: Micro E-Mini Nasdaq 100 Index Futures ($MNQ) #TheFuturesLeap #Microfutures
Investors have defied the Wall Street adage of “Sell in May and Go Away”.
The S&P 500 rose by 6.2% in May while the Nasdaq climbed 9.6%. Both indices notched their best monthly results since 2023. The Dow Jones gained 3.9% for the month. The S&P stood out as it recorded its best performance for the month of May since 1990.
Several favorable factors propelled May’s impressive stock index gains:
• Early-May employment data pointed to continued strength, raising risk appetite.
• A temporary U.S.-China tariff reduction for 90 days helped calm trade tensions.
• Robust earnings from Nvidia and Super Micro Computer fueled rally momentum.
Meanwhile, these unfavorable events also occurred in May:
• Moody’s downgraded the US sovereignty rating. By now, the US has lost its AAA ratings from all three major credit agencies.
• The 20-year Treasury bond auction received a cold shoulder in the bond market.
• The trade talk between U.S. and China has been stalled apparently.
In any other time, bad news of such significance would send the stock market into a free fall. But investors turned a blind eye to them. This highlighted a bullish market sentiment, a prevailing appetite for risky assets amid uncertainty in geopolitical and trade tensions.
Underpinning the rising stock prices are solid macroeconomic data for the month of April and strong Q1 earnings from major US corporations. Given that stock prices reflect expected future earnings, it is fair to ask: Will the data stay good?
Import dependency is unlikely to change any time soon
On May 30th, US Census Bureau reported that the U.S. trade deficit in goods narrowed sharply in April, with the gap contracted 46.0% to $87.6 billion. Goods imports decreased by $68.4 billion to $276.1 billion. Exports of goods increased by $6.3 billion to $188.5 billion.
What really happened is that there was a boost in imports in Q1 due to the front-running ahead of tariffs. This ended in April as the higher rates kicked in. If we take March out as an outliner, we will find that the April data is 9.7% higher than February. As a matter of fact, U.S. trade deficits in 2025 rose sharply comparing to 2023 and 2024 levels.
With the US-China interim trade deal in effect from May 14th, we could expect large waves of imports to resume from now through August, pushing trade deficits even higher.
The global supply chain is decades in the making. Its undoing will take years. Meanwhile, imports will pour in, only at higher costs due to the new tariffs and higher freight costs.
My conclusion: U.S. trade deficit will grow bigger, at least for the remainder of 2025.
Retail price hikes could cause inflation to rebound
US retailers largely source their products overseas. Could they just “eat the tariffs?”
• Walmart: FY2024 revenues $681 billion (+5.1% YoY). Net income jumped 25.3% to $19.4 billion, lifting its net profit margin to 2.9%.
• Target: Revenue $107.4b (-1.6%). Net income $4.14b (+49%). Profit margin 3.9%.
• Costco: Revenue $254.5b (+5.0%). Net income $7.37b (+17%). Profit margin 2.9%.
• Walgreens: Revenue $147.66 billion (+6.17%). Net Income -$8.64 billion (-5.9%)
• Amazon: Revenue $638.0b (+11%). Net income $59.2b (+95%). Profit margin 9.3%.
Apparently, even the largest and the most efficiently run retail giants are operating with a razor-thin margin. Retailers really have no choice but to pass on the tariffs to consumers, in the form of higher prices.
On May 15th, Walmart announced to raise prices starting in late April. The price hikes would accelerate in May, and a larger sting will start to be felt in June and July when the back-to-school shopping season goes into high gear.
Other retailers are expected to follow suit. Walmart’s action provides air cover for the tens of thousands of retailers to raise their prices freely.
My conclusion: Inflation will go up from May through the holiday season in December.
Higher interest cost will eat into the bottom line
While stock investors brushed off the Moody’s downgrade, the bond market has been in real trouble. As the US treasury bonds lost their “risk-free” status, debts of all kinds and all durations see a big spike in yield. Bond investors are undergoing a complete makeover of repricing bonds and reassigning a new “risk premium”.
On May 21st, the U.S. Treasury held an auction for 20-year bonds that fell significantly short of expectations. The lack of bidders—an alarming indicator of waning confidence in the U.S. economy—resulted in the yield on these bonds skyrocketing to 5.1%.
The bond yields go up even though the Fed holds rates steady. This indicates that central bank monetary policies are not very effective in shaping the long end of the bond market. Even if the Fed lowers the overnight Fed Funds rates, bond investors would still demand higher yield to compensate for the perceived risk increases for the once “risk-free” instruments. Commercial banks could keep interest rates high for mortgages, corporate bonds, auto loans and credit cards.
As of June 2nd, the futures market puts the odds of the Fed holding rates unchanged at 95.4% for its June 18th FOMC meeting, according to CME Group FedWatch tool.
www.cmegroup.com
My conclusion: The Fed may have little appetite for cutting rates if inflation goes up. When they cut the overnight rates, businesses and households may not get any relief from high interest expenses.
Trade tensions and geopolitical risks may stay elevated
Before the ink dries on a temporary agreement, the trade talk between U.S. and China has been stalled. The minister-level negotiation has gone nowhere, and it may take presidential talk to salvage the agreement. At this point, we could not make any assumption about any trade agreement. Its shape and form and timing are uncertain. If the trade talk breaks down, we will see a new round of tariff reescalation and retaliation.
On June 2nd, breaking news report that Ukraine carried out a large drone attack deep into the Russian territory. Russian retaliation is expected. After months of effort, potential ceasefire and peace negotiation could fall apart.
My conclusion: Trade and geopolitical tensions are both escalating, after early signs of calming down. These would hurt economic growth and dent investor appetite for risk.
Trading with Micro E-Mini Nasdaq 100 Index Futures
Based on my analysis above, I hold the opinion that good data may quickly turn bad in the coming weeks, and correction in the US stock market is imminent. Valuation at the current lofty level completely ignores the risk escalation closer on to us. Anyone sharing this view could express it by shorting the CME Micro E-Mini Nasdaq 100 Index Futures.
The Micro Nasdaq contract has a notional value of $2 times the index. At the Friday closing price of 21,578, each September contract is worth $43,156. The minimum margin for shorting one contract is $3,036 at the time of this writing.
The latest CFTC Commitments of Traders report shows that, as of May 27th, the total open interest for Emini Nasdaq and Micro Nasdaq futures are 275,143 and 204,499 contracts, respectively.
• Leverage Fund has 77,467 in long, 251,452 in short, and 10,472 in spreading
• The long-short ratio of 1-to-3.2 (= 77467/251452) show that the “Smart Money” is very bearish on the Nasdaq while the index gained nearly 10% in May
Hypothetically, if Nasdaq 100 were to pull back 5% before September, a short futures position will gain $2,157.8 (= 21578 * 0.05 * 2).
The risk of shorting the Nasdaq is that the stock index continues to rally. To hedge the downside risk, the trader could set a stop-loss at his order. For example, a stop loss at 23,000 for a short order would set the maximum loss to $2,844 (= (23000-21578) x 2).
Happy Trading.
Disclaimers
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
NQ Power Range Report with FIB Ext - 6/2/2025 SessionCME_MINI:NQM2025
- PR High: 21348.50
- PR Low: 21295.25
- NZ Spread: 119.25
Key scheduled economic events:
09:45 | S&P Global Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
13:00 | Fed Chair Powell Speaks
Holding inside Friday's range
Session Open Stats (As of 12:15 AM 6/2)
- Session Open ATR: 440.37
- Volume: 29K
- Open Int: 267K
- Trend Grade: Neutral
- From BA ATH: -6.2% (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
25.06.02 nasdaq analysis📊
📌 Friday Price Action Summary
Failed to break above the black resistance box
Repeated rejection at the zone strengthened downward pressure
As long as this zone remains unbroken, bearish bias remains
📉
Price has entered the bullish candle from May 27
If that candle breaks to the downside, a drop toward the 20EMA on the daily chart (20,930p) is likely
Currently seeing low volume and range-bound movement, so trend direction needs confirmation
🔍
If the European session fails to sustain the rebound, it will likely be a temporary move
A break below 21,218p + trendline break would confirm a short setup
🎯 Targets (TP):
TP1: 21,071p (Friday’s low)
TP2: 20,930p (Daily 20EMA)
📌 Strategic Conclusion
Bias: Bearish
However, due to declining volume and range-bound action,
→ It’s better to wait for confirmation before entering
If bearish entry conditions are met, execute with confidence
MNQ at Critical Breakout Zone – Watch for 385-Day Trend Formatio
📌 Trade Idea: MNQ at Critical Breakout Zone – Watch for 385-Day Trend Formation
Before discussing near-term action, we must emphasize the importance of NQ and MNQ — these futures contracts are considered the most accurate forward indicators of the US stock market’s direction, especially for the technology sector. While ES (S&P500 futures) reflects the broader market, MNQ/NQ provides sharper insight into tech momentum.
🕒 Weekly Pattern View
On the weekly timeframe, MNQ is showing a clear bullish trend, with price structure resembling a potential bullish abandoned baby pattern — typically signaling a strong reversal from bearish to bullish.
📅 Daily Structure & Breakout Watch Zone
On the daily chart, the 21,549 – 22,135 zone is the critical breakout range.
If MNQ successfully breaks above this zone, it may trigger the start of a new 385-day bullish trend cycle.
This breakout phase may stretch up to 31 days before confirmation is fully established.
⚠️ Trading Strategy Guidance
At this stage, patience is key —
❌ Avoid rushing into short positions near the breakout zone.
✅ Favor the bullish bias, as structure and volume are still tilted toward upward continuation.
⚠️ Be cautious of false breakouts or sharp pullbacks (cat bounce) within this zone — it’s a high-risk area for both sides.
💡 Conclusion:
MNQ is currently sitting at a pivotal level. If a breakout holds, it could lead to the formation of a powerful upward trend for the next quarter. This is not the time to short blindly — instead, wait for breakout confirmation, monitor pullbacks, and apply trailing stop risk management for position entries.
Disclaimer:
This trade idea is for educational purposes only and does not constitute financial advice. Trading involves risk. Always conduct your own analysis or consult a financial advisor before making trading decisions.
Nasdaq Signals Economic Instability – Are You Watching CloselyDear traders,
You may be witnessing a “first” — a pivotal moment right before things begin to spiral.
We’re not fortune tellers. We don’t claim to predict the future.
But what you’re about to read is based entirely on publicly available data, interpreted not through speculation, but through a deep, rational analysis of interconnected facts — the kind of connections that most overlook, and few dare to question.
We may not know how the future is being orchestrated behind the scenes...
But one thing seems certain: crisis always comes first... and then we are given a narrative to justify it — be it war, a pandemic, or a "global emergency."
This is the correct sequence... and it’s the one they never teach you.
Yet for those of us who navigate the financial markets, one question matters more than all others:
How do we profit from this?
We recently shared an important setup on the Nasdaq index, the benchmark that reflects — to a large extent — the true state of the U.S. economy.
As a proxy for the 100 largest American corporations, the Nasdaq plays a critical role in signaling macro trends.
And while some are just now waking up to the storm ahead, our outlook has been clear since October 2022:
A major economic crisis was not only probable… it was inevitable.
Some analysts chalk this up to uncontrolled money printing post-2019 as governments tried to patch the damage from the COVID-19 crisis. That’s one explanation.
But at Glich, our vision is different.
More complex.
And for now… not something we can fully release.
For years, strong correlations between risk markets — especially U.S. equities and crypto — held firmly in place.
But something changed on May 30th, 2025. Completely and unmistakably.
The link was severed.
Now ask yourself:
Why was Bitcoin created in the first place?
It wasn’t just digital money.
It was a bold, revolutionary idea. A system designed for a future economy no longer shackled by inflation, central banking failures, or hidden agendas.
A fluid, transparent, and secure network for a world in desperate need of change.
The current financial model is obsolete. It’s no longer evolving — just surviving.
And it can no longer answer the challenges of what's to come.
2008 was not the collapse; it was the setup. A convenient pretext to slowly roll out something new.
And "Satoshi Nakamoto"? Well, let’s just say...
That name means more than you think.
"HIDDEN INFORMATION" 👁️
What does NEO mean when he says:
"This has all happened before… yet it’s happening for the first time"?
And what does that have to do with us?
This analysis is not just about charts or setups.
It’s a hidden message — a spotlight on a once-in-a-generation opportunity lying in plain sight.
But not everyone is trained to read between the lines.
Let us ask:
Why was Donald Trump specifically pushed into position?
Why is crypto — after being suppressed, banned and attacked worldwide — now being quietly promoted and fast-tracked in legislation during 2024 and 2025?
Something’s moving beneath the surface.
🔍 In summary:
Expect a tidal wave of global crypto legislation to pass in the coming days/weeks/months.
Crypto — particularly BTC and ETH — will become silent stores of value during the economic storm.
Expect record-breaking levels:
400
K
f
o
r
B
i
t
c
o
i
n
∗
∗
,
∗
∗
400KforBitcoin∗∗,∗∗40K for Ethereum.
Yes, this may sound like science fiction…
But keep your eyes and ears wide open. 👁️
And brace yourself for a historic collapse in U.S. equities. Possibly… something we’ve never seen before.
The show is starting.
And we won’t spoil the ending — because watching it unfold is part of the experience.
But here’s what we can say, thanks to our proprietary algorithmic system:
The U.S. economy will bleed.
And crypto will blow past expectations — fulfilling the very purpose it was built for.
🛒 Load your bags in the coming days...
Because when this train leaves the station —
It won't be stopping for anyone.
#202522 - priceactiontds - weekly update - nasdaqGood Day and I hope you are well.
comment: Not much difference to the dax or sp500, so you can skip the text and just watch the chart. Should look similar to you and you should trade it the same. If you have not read my dax update, please go read it.
current market cycle: trading range
key levels for next week: 20700 - 22000
bull case: Bulls are trapping bears into decent looking shorts just to reverse them strongly. Bulls are still hopeful af and until we have a daily close below 20700, the bull wedge is alive and can lead to higher prices. Bulls are heavily favored to continue until then. Target is obviously 22000.
Invalidation is below 20600.
bear case: Bears need a daily close below 22700 and close the giant gap down to 20200. Until then they have been making money shorting new highs but only for scalps. If we get another good move down next week, you should take big profits before they vanish again. Daily 20ema held for 6 weeks now, expect the next touch to get bought as well.
Invalidation is above 22100.
short term: Bullish that we stay above 20700 and hit 22000 next week. The buying on Friday was so strong, that we can expect higher prices. I will need strong signals though since we had bad news after hours Friday and Friday was also end of month, which can always distort the market bias somewhat.
medium-long term - Update from 2024-06-01: Market is refusing to go down but I can not see this going much more up. Maybe we hit 22000 maybe we don’t. My assumption is still that latest around end of June we begin to decline over the summer. If EU tariffs go through next week or there is no really good news before end of day Friday, expect a blood bath if they come into effect. It’s a trade embargo. No one will ship anything with 50% on top of it and markets are trading like everything is literally perfect.
NASDAQ Meltdown Incoming? The Calm Before the Crash…🚨 Get ready! The NASDAQ is about to take us on a wild plunge straight to the depths of market hell... 💥🔥
Yes, yes, I know—they’ll say it’s all "because of this" or "due to that," the usual play-acting we’ve seen a hundred times before. Just another scene in the never-ending economic theater. 🎭
But here’s the forecast for tomorrow’s news:
📉 United States Initial Jobless Claims – possibly lower than expected?
📈 United States GDP Growth Rate QoQ – higher than expected?
And then... yada yada yada. You know the rest.
What does that mean? A chain reaction in risk-on assets — stocks, indexes, crypto — all heading for a steep drop. 💣📉
If you’re still a believer, here’s your solid proof — laid out 24 hours before it happens. Don’t say we didn’t warn you.
The choice is yours:
💊 Red pill or blue pill?
nasdaq trade ideaslooking to short the open on sunday with limit orders on potential lows needs to gap atleast 100 points for me to wanna short.. targeting levels lower, like a 50%-61.8% retracement from mays lows to current highs... if we do not have a good opening gap to the downside i see a potential reversal pattern forming... price has hit the 4h bollinger band lows.. giving a potential oversold signal. want to see price put a low in ontop of the 4h bollinger band mid point confirming the trend has reversed before going long..
nas lookingg bearishrecently broke down out of the hr uptrend also we can see that price has broke the support that was created around 21350
I believe we will see a massive drop taking out the lows of
April 25th
trading is risky plz use proper risk management if you decide to trade the Financial markets!
Nasdaq Next Week and June Month ForecastNotice Monthly Candle distribution phase prior to the closure. Today might remain still and whips recent swings highs and lows as a reaction from the D +orderblock
Next week is likely to decline and open the monthly range with an accumulation inside the W BISI and THEN continue higher throughout the rest of the month and reach 22,672.00
NQ Power Range Report with FIB Ext - 5/30/2025 SessionCME_MINI:NQM2025
- PR High: 21395.25
- PR Low: 21335.25
- NZ Spread: 134.0
Key scheduled economic events:
08:30 | Core PCE Price Index (YoY|MoM)
09:45 | Chicago PMI
Rotation off 21850
- Previous session print advertising decline back to week low
Session Open Stats (As of 1:25 AM 5/30)
- Session Open ATR: 446.48
- Volume: 33K
- Open Int: 267K
- Trend Grade: Neutral
- 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
25.05.30 nasdaq analysis📊
📌 Previous Trade Summary
Most traders anticipated an upward move due to the previous day's rally.
However, a bearish trendline breakdown led to a sell-off.
A short entry became valid, marked with a red circle on the chart.
Result: ~139 points gained per contract, approx. $2,800 profit.
🕓
Currently, the 4-hour chart shows support at the 60EMA,
but the overall structure remains bearish due to a trendline breakdown.
If the 60EMA fails to hold, a stronger downtrend could unfold.
The morning low at 21,268.50 could act as a potential rebound zone.
➡️ No clear short signal at the moment – waiting for more structure.
📈
The key to a long entry lies in breaking the short-term resistance trendline.
A full bullish trend reversal is expected only above 21,557.75.
Until then, take-profits at stepwise levels remain the strategy.
🟢 Long Entry Condition
Entry: Above 21,417.5
TP1: 21,447
TP2: 21,485
TP3: 21,522
TP4: 21,557 (trend reversal confirmation)
🔴 Stop Loss
If the 15-minute candle closes below the 20EMA after entry → cut losses.
📌 Summary
Short setup: Requires more confirmation, no entry for now.
Long setup: Valid above 21,417.5 with targets up to 21,557.
Trend reversal key level: 21,557 breakout.
Avoid anticipation—enter only when conditions are met.
NQ Breakdown Plan: 3 Targets, 1 Setup, No Chasing🧠 NQ Short Plan – NY Open Game Plan
Price has pulled back into a key structure zone, and I’m watching closely for a sell setup during the first two hours of the New York session tomorrow.
📌 My trade plan is simple:
I want a solid pullback first — not chasing here.
If I get a clean sell trigger (candle confirmation or momentum flush), I’m in.
Break-even gets locked in once we break the 21,349 area.
From there, I’ll take profits in three stages and trail the stop behind price if we get momentum.
🔐 Break-Even Lock: 21,349
✅ TP #1 – 21,200
✅ TP #2 – 21,050
✅ TP #3 – 20,800 (final leg if sellers step in hard)
The rising trendline break could be the domino. If it cracks, we roll.
But if bulls defend again, no trade — discipline first.
📅 Session Focus: Only trading this setup if it unfolds in the first 2 hours of NY open. After that, I’m out.
No chasing. No revenge. Just execution.
💬 Let me know if you’re watching this level too — or if you see something different. Always open to alternate perspectives.
2025-05-29 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
comment: I don’t know what’s more likely to happen tomorrow and every time I feel that way, market is in a trading range and most likely neutral. Big up, big down, big confusion. Read some Al Brooks. Volume was big today but given that bears only managed to close 60 points below Wednesday, what did they achieve? RTH session closed the gap but not more. Futures obviously had a nasty reversal but we can still draw a decent bull wedge with lows either 21300 or 21100 and that would mean bulls would be favored to trade back up.
current market cycle: trading range
key levels: 21000 - 22000
bull case: Bulls who want to buy 21400 would likely need a stop 20700 and scale in. Is this a good trade? I don’t think so. You either wait for better confirmation that today’s low is credible and will hold or you wait for lower prices closer to 21000 before going long. I doubt this bull wedge will just end like this and that we top out with 21858. I expect at least some form of double top with a print up to 21700 or higher. The middle of the current range is 21300 and market bottomed out there today. Maybe this fact makes it a bit more favorable for the bulls.
Invalidation is below 21300.
bear case: Below 21300 bears could try to go for 21000 or even last weeks low at 20727. How likely is that? Today’s selling was very strong and it was at the moment everything was max bullish and perfect aligned. You do not see these type of reversals in a strong bull trend. We are very likely in the last days of it before we go down lower. That being said, I just don’t think we will go down further from here without another try of 21800+. I have two potential bull wedges on my chart and bears would need a strong move below 21300 and stay around 21000 for me to abandon that structure.
Invalidation is above 22100.
short term: Neutral and need a very good signal to either side for me to take it. Bears want 21000 and bulls at least 21800. My line in the sand is 21300.
medium-long term - Update from 2024-05-24: Will update this section more after the coming week but in general the thesis is as for dax. Down over the summer and sideways to up into year end. I don’t think the lows for this year are in.
trade of the day: Buying Globex open was the obvious trade but shorting the highs certainly was not and I think everyone was surprised by this bear strength today.
NQ: 199th trading session - recapWhat a day man, it really just comes down to patience: IT FINALLY HAPPENED!!! THE BEARS WERE HERE!!!
This is the price action I was talking about - obviously we did not get any major trades in besides the scalp but I'm still happy: It happened, I profited, gained knowledge & my confidence back.
No "in hindsight" stuff: With better momentum I could've made proft like a 5:1 RR trade.