[Opinion] Long position for NQ(NAS100)It is just idea and my view of trend.
Based on W and 4H, it is confirmed now we are on downtrend.
Now down to 15M, temporarily we are on uptrend for liquidity.
Thus, I will take long position
1. Entry: 20159 - 20161 range
2. Stop Loss: 20100 -20070 range (but will trigger stop loss automatically at 20070 in my case).
3. Take Profit: 21000 - 21005 range (but will close all position maximum at 21005 In my case).
If everything will happen what I am looking for,
I will take short position at 21020 - 21050.
Please share your view.
UNF1! trade ideas
NQ - Volume cluster On NQ , it's nice to see a strong buying reaction at the price of 19880.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Strong rejection of lower prices and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
NQ Power Range Report with FIB Ext - 3/10/2025 SessionCME_MINI:NQH2025
- PR High: 20147.00
- PR Low: 19995.50
- NZ Spread: 339.0
No key scheduled economic events
Advertising rotation long potential above Friday's high
- Auction likely to return to 200, filling weekend gap down
- Holding auction inside Friday's range
- Mechanically pivoting off 19900s inventory
Session Open Stats (As of 12:35 AM 3/10)
- Session Open ATR: 462.08
- Volume: 50K
- Open Int: 279K
- Trend Grade: Bull
- From BA ATH: -10.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
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
Weekly and Monday analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed higher, forming a long lower wick as it rebounded. On continuous futures, the index bounced off the 60-week MA, while the daily chart shows a recovery after briefly dropping below the 240-day MA. Looking at the weekly chart, two weeks ago, a large bearish candle decisively broke below a key range, and last week, the Nasdaq failed to break above the 3-week MA, leading to further downside. This week, however, a rebound toward the 5-week MA near 21,050 remains possible.
On the daily chart, the Nasdaq successfully found support near 19,800, forming a potential range-bound structure. Although a technical target exists at the 60-day MA near 21,500, the downtrend remains strong, meaning that a full recovery may take time. Instead of an immediate rally, the Nasdaq may consolidate around the 240-day MA, making a range-trading strategy more effective.
On the 240-minute chart, the Nasdaq formed a bullish divergence, triggered a golden cross, and started to rebound. As long as price continues to base at the lows, further buying attempts may emerge, making chasing short positions risky. This week, traders should monitor Wednesday’s CPI report and Thursday’s PPI report, as both could increase market volatility.
Crude Oil
Crude oil closed higher, supported by potential sanctions on Russia. On the weekly chart, oil dropped to the 240-week MA before rebounding, but last week’s bearish close triggered a sell signal. Since this sell signal occurred near the zero line, further downside remains possible, making chasing long positions risky. A key upside level to watch is the 3-week MA at $68, while support is expected around the $66–67 range, where a short-term double-bottom formation could develop.
On the daily chart, if oil continues to rebound, traders should watch for resistance at $68, while stopping out below the $65 previous low remains essential. On the 240-minute chart, the MACD has formed a golden cross, with momentum gradually shifting higher. However, since the gap between the MACD and the zero line remains large, selling pressure could reemerge on rallies. Traders should focus on buying dips at strong support levels while keeping strict stop-loss management in place.
Gold
Gold closed lower, remaining within a range-bound market structure. The Non-Farm Payroll (NFP) report triggered significant volatility, but the daily MACD is now turning downward, increasing the risk of additional selling pressure.
On the weekly chart, gold is forming a long-term consolidation range. If this week’s candle closes lower, the weekly MACD may form a bearish crossover, increasing the likelihood of a negative divergence pattern. This makes chasing long positions riskier.
On the daily chart, despite short-term weakness, the MACD and signal line remain far from the zero line, meaning that intermittent rebound attempts are still possible. For now, the lower Bollinger Band serves as key support, reinforcing a range-bound strategy. On the 240-minute chart, $2,940 has become a strong resistance level, and a sell signal has been triggered. For now, traders should focus on selling into rallies while looking for buying opportunities at lower levels. If gold breaks above $2,940, a third wave of buying momentum could emerge, making it essential to adapt to market conditions dynamically. Gold is also likely to react to Wednesday’s CPI and Thursday’s PPI reports, increasing potential volatility.
U.S. market volatility is rising sharply, as seen in the VIX index, which surged above 22 last week. Using technical tools like VIX analysis, moving averages, and MACD strategies can help improve market navigation. Stay disciplined, manage risk carefully, and have a successful trading week! 🚀
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#202510 - priceactiontds - weekly update - nasdaq e-mini futuresGood Evening and I hope you are well.
comment: Bear rejections around 20000 are getting stronger and we could have seen the intermediate lows on Friday. I lean heavily bullish since we have touched the big bull trend line and market reacted there as expected. Bounce up could easily go for 21k again, which is the 50% retracement. Again. Bears need to form a proper wider channel down if they want lower prices. The past 3 weeks of selling were getting climactic and unsustainable.
current market cycle: trading range
key levels: 19500 - 21400
bull case: Very bullish daily bar on Friday and bulls need follow-through to trigger a short squeeze. They want at least 21k again and if bears are not strong enough there, this selling could already be over again. 50% retracement is 21k and two big magnets are enough for me to have this as my main target next week. Bulls have to stay above 20k or they risk more poking at the bull trend line that started 2 years ago. On the monthly chart we are in a perfect bull wedge that has room to the upside and a bounce would fit the structure much more than a break below 19700.
Invalidation is below 20400.
bear case: Bears have shown strength for 3 consecutive weeks but are they really gonna fight the big trend line before we had a bounce? Selling around 20k is bad, no matter how you look at it. My measured move target for the bears was 19600 and the low was 19766. I really don’t have much for the bears at these lows. Sure we can continue down but it’s very unlikely. Best bears could get is probably sideways movement and if they are really strong, we stay below 20400.
Invalidation is above 20400.
short term: Neutral until bulls continue. Heavy bullish bias going into next week. I doubt we go much lower than 19766. 21k is my target.
medium-long term - Update from 2024-02-23: Neutral since we are in a 4-5 month trading range. Still leaning heavily bearish for this year but for now it’s sideways until we get consecutive daily closes below 20000.
current swing trade: None
chart update: Updated possible bigger wave thesis for the next months. Until we have a W2 and new lows afterwards, it’s a rough guess.
Daily levels for the week Price stoped and reject the area leaving equal lows at 19,800. I don’t want to see the lows taking out yet. I want to see a retracement higher to the Weekly SIBI Imbalance.
I want to see an Open, manipulation lower, find some support at the C.E of the wick then start working with the move higher to take the buy stops on previous days high.
NQ1!: Intraday Levels: March 9th/10th These are the levels for NQ1! Intraday.
I usually trade NQ1! in the evening and then flip to SPX during NYSE hours.
The expectation on NQ1! for tonight/tomorrow is to actually hit quite a few of these levels based on the volatility. Theoretically we should see retracement to the low levels with an 80% probability of retracing to 19,991.
But I do expect to see both upside and downside in the span of Asia, Europe and US trading session, snagging both at least the initial low and the initial high target.
The numbers on the levels represent the raw probability score of hitting the levels.
Safe trades, as always and not advice as always :p.
NQ Weekly, Daily & 4 HR Chart Bullish Confirmation for Sun MonLooking for a bounce after 3 straight weeks of lower prices here starting with Sunday night's open barring any Trump/geopolitical news. Monday is a No Red Folder News Day, which also makes it look good for the longs. However, starting on Tuesday and for the rest of the week, we have red folder news every day...
Tue
Mar 11
10:00am
USD
JOLTS Job Openings
Wed
Mar 12
8:30am
USD
Core CPI m/m
Thu
Mar 13
8:30am
Core PPI m/m
PPI m/m
Unemployment Claims
226K 221K
Fri
Mar 14
10:00am
USD
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
NQ: 152th trading session - recapAgain, really uneventful, I blame this on where NQ is right now: A rather indecisive spot. We're at a point were many possible buyers rely on key levels that are prominent as well as the fact that we've reached an all time low since last September. Plus, bears are obviously not fearful enough to drive the price down + everything about US politics just seems "indecisive" at this time.
Nasdaq at 2022 long term support trendlineDraw the trendline from all lows/bottoms since 2022 and you'll notice Nasdaq is now sitting right at the support trendline with a daily hammer candle sitting right on it.
XLF filled the gap so another hint that this may be the bottom.
Hold long swings and re-evaluate at every weekly closed candle.
Observations from last weeks trading in NQIn doing my weekend updates, I saw this pattern of behaviour from the previous week, in light of a pretty volatile week of trading, Trump comments, tariffs, economic data, and Powell speak.
So what now? well, I will stick my neck out and say we have seen the highs for the next 6 months and possibly the year. I do anticipate a corrective rally and will be watching the 20730 area initially and then 21035 and the more significant band of 21340/21560, these are previous break areas and Fibonacci retracement levels.
Good luck
Possible NQ Bounce Starting Monday 3/10/25Monday and the rest of the coming week could be the start of the NQ making a bounce. If not, it's look out below with a break of 20,000 going to 19,000 rather quickly. Price will dictate how we go but a good bounce is not out of the question. Watch the video for more details.
Feel free to leave your comments.
Thanks for watching.
NQ Range (03-05-25)NAZ Triangle, things may get scary under KL 695. Looking back at previous Post's will help with the forward forecast. The NAZ has been slowly (since 11/24) setting up the drop/test to the "Turd Zone" 20,695 (1st yellow circle). The drop is a correction at -10%, the next move may be an 85% retracement back up (2nd yellow circle) and if the KL 695 rejects the NAZ again, look for 3rd circle (KL 19,200). The NAZ may stay in shaded zone above and go sideways, look for push/pull when shorting. No P/P just stay Long as selling/shorting is not part of the Long Only passive index product world (mutual funds, ETFs, DCA into 401k). Selling is execution with conviction, that is the push/pull PA. No selling, the NAZ will snail float back up. BTW, old tricks seem to be fading or not as effective.
In addition to previous comments, 20388 target initiatedIt could continue freefalling. A few economic calendars suggest continued jobless claims, new and old. And nonfarm payrolls 159k to beat; this is a pivotal moment, not to mention JP speaking at 12:30 followed by Trump at 13:30. It's still swinging on the 200, still in play after a staggering decline by over 2000 points in two weeks of trading. The momentum factor may push in before the 10% correction does.