Core PPI m/mTurns out that after I had Core PPI at 08:30, I got sellside liquidity. We have patience to see what happens. Today I tend to bullish as we are bullish. But I will keep you updated if anything changes.
UNF1! trade ideas
NQ Power Range Report with FIB Ext - 9/12/2024 SessionCME_MINI:NQU2024
- PR High: 19249.75
- PR Low: 19226.25
- NZ Spread: 52.5
Key scheduled economic events
08:30 | Initial Jobless Claims
- PPI
13:00 | 30-Year Bond Auction
Lifting back into daily Keltner average cloud
- Finding supply above previous session high
- Holding above 19300
Session Open Stats (As of 12:45 AM 9/12)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 414.47
- Volume: 27K
- Open Int: 238K
- Trend Grade: Bull
- From BA ATH: -7.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- 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
NQ Chart Idea - Swing Long Trade SetupNQ made triple bottom in Oct, Nov and then in Dec 2022. Since Dec 2022, NQ made a diagonal support line which was briefly broken on Aug 5th dump but then closed the week above this support line. In that dump, it made a double bottom at 17350 which is super bullish. 17530 was also a 0.382 fib level which was tested and respected as it didn’t close any candle below that level. I am personally with this PA as well as market fundamentals. Below are just two target prices that I am showing but I will want to ride this trade until 20350 after updating my SL in green.
Swing Long Setup
Entry: 19000
TP1: 19600 (0.618 fib retracement level)
TP2: 19700 (Major resistance)
SL: 4Hr candle closing below 19650
RR: 2:1
NOT A FINANCIAL ADVICE! DYOR
2024-09-11 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
tl;dr
Indexes - What a bear trap that was. Many decent double bottoms and then straight up melting. Many markets did not even touch the 3m 20ema on the move up. Bulls took full control again imo and I expect the highs to be retested, if not broken. SP500 the strongest of the ones I trade. Very very low chance of this being a bull trap after a bear trap and we reverse hard tomorrow but at this point of the chop, I won’t rule anything out.
nasdaq e-mini futures
comment: I try to stick to the only important pattern for me right now. Huge triangle, fits the unclear and erratic direction of the current price action. 19600 will likely be tested again because bulls just bought too strongly today. I’d be surprised if we break above 19700 though. If we do, no reason not to print 20000 or a new ath.
current market cycle: trading range - triangle on the daily chart
key levels: 18300 - 19800
bull case: Bulls trapped many bears today and printed a nasty reversal. I think most bears already gave up and we are free to trade to at least 19600. Problem with longs is the stop. Right now you would have to do 18600 and that’s just dumb. So should you wait for a pullback? Yes.
Invalidation is below 18900.
bear case: Do bears have any arguments until 19600? I don’t think so. There is a minor trend line running 19300ish but its weak. The bigger trend line from the ath is more likely and there I expect more resistance from the bears. If bears somehow manage to drop it below 18900 again, market is probably neutral again.
Invalidation is above 19300.
short term: max bullish for 19600, if bulls come around again tomorrow. Would like to see a pullback to the 1h or at least 15m ema.
medium-long term: This climactic blow off top is/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. —unchanged since 2024-06
current swing trade : Nope.
trade of the day: Buying 18600 was profitable since Monday.
NQ Analysis by Ray, he is 8 years old - 19180 HIT, Next 19700NQ Futures - Ray posted yesterday his targets, 19180 was pierced today! Ray does all charts himself and demo trade... His next target is 19700 liquidity pool. He give all credit to his mentor ICT who he has been following on YT since 2 years.
OHLC Statistical Mapping Long modelThere is a diffrent type of model, I used -Distribution as my entry and Stop-loss below protected low abd I targeted +Distribtuion
Simple as that
NQ ShortBeen looking for liquidity to be ran above this high will be looking for shorts once we break above.
NQ LongTaking my second entry didn't even look at the first entry with the volatility of price got a nice limit off the news move
NQ long EntriesTwo potential entries first entry may not get the full move but will prob get some momentum out of it. looking for the move back to premium to attack buyside liquidity.
Core CPI m/mToday we are bullish. That's the analysis for today. Be careful because this is a news of great importance. Be patient for another 15-30 minutes before trading.
Nasdaq (NQ): Nearest Support Line 1000 Points AwayThe Nasdaq (NQ) is far from its nearest green line support, sitting a full 1000 points away. Traders should monitor how price behaves in the current zone, as a move toward this distant level could set the stage for a significant shift. Will the market hold, or is a deeper pullback coming?
Drop your thoughts below and follow for more updates as the market unfolds!
*Disclaimer: This is not financial advice. Always trade responsibly!*
NQ LongLooking for sweep of REL for entry stop below the INS low. Looking to play into distribution phase hopefully the move happens before high impact.
NQ Power Range Report with FIB Ext - 9/11/2024 SessionCME_MINI:NQU2024
- PR High: 18847.75
- PR Low: 18826.25
- NZ Spread: 48.0
Key schedule economic events
08:30 | CPI (3x)
10:30 | Crude Oil Inventories
13:00 | 10-Year Note Auction
18400 pivot back towards Keltner average cloud
- Maintaining Friday's 9/6 range
Session Open Stats (As of 12:25 AM 9/11)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 395.12
- Volume: 30K
- Open Int: 241K
- Trend Grade: Bull
- From BA ATH: -10.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- 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
Was this a good short? (new at trading)CME_MINI:NQ1! This is my first ever short trade and I thought I would share it on here, I don't care if anyone sees it or doesn't, I just figured I recorded my progress in day trading by posting these on here.
After the long bearish candle I was able to see the consolidation and after the BOS towards the downside i decided to short and I was able to get in the profits. ( I know my data is delayed but I am supposed to start paper trading with real live data after this week.
NQ ShortMight look to take partials and look for re entry expecting a pullbakc asia/london for the continuation in NY
LONG NQ 20192Raymond is still bullish with same target after price retraced to discount array, see chart.
Sorry I'm lateWe don't seem to have any news today that can affect our market. We are bullish. I apologize for being late with the analysis, but I was at the dentist and couldn't get home on time.
NQ Power Range Report with FIB Ext - 9/10/2024 SessionCME_MINI:NQU2024
- PR High: 18741.00
- PR Low: 18696.00
- NZ Spread: 100.5
No key scheduled economic events
Maintaining Friday's range at ~50% retracement
Session Open Stats (As of 12:45 AM 9/10)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 403.17
- Volume: 28K
- Open Int: 243K
- Trend Grade: Bull
- From BA ATH: -11.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- 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
NQ Bounce, But Momentum Remains BearishCME_MINI:NQ1!
Welcome back everyone. Video includes a quick review our the trading method, predominately used on higher time frames, but can be used on shorter time frames.
NQ still moving in a bearish momentum and expect more downside later this week. Short the pops, in my opinion, and look for a greater move later this week possibly on Thursday when PPI and Jobless claims are all reported. Friday should continue momentum of Thursday's trend (up or down).
Good luck!
NQ Resistance Test Short IdeaAlong with ES/SPY, NQ is also retesting a previous low from last week. We also have a shorter term ascending channel on NQ that may end up breaking down. A lot of indexes and stocks are hitting some key resistance areas from last week so I think it's a good time to enter puts targeting last Friday's low.
