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UNF1! trade ideas

NQ Power Range Report with FIB Ext - 8/2/2024 SessionCME_MINI:NQU2024 - PR High: 18979.50 - PR Low: 18841.75 - NZ Spread: 308.5 Key scheduled economic events 08:30 | Average Hourly Earnings - Nonfarm Payrolls - Unemployment Rate AMP temporary margin increase for expected high volatility Swing back to new weekly low, tapping 18700 inventory Evening Stats (As of 10:35 PM 8/1) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 416.35 - Volume: 43K - Open Int: 242K - Trend Grade: Bull - From BA ATH: -10.6% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 18675 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
CME_MINI:NQU2024Short
by mv3trader5
Nasdaq HTF Directional Bias/Narrative (Big Fat Drop Incoming)Minimum it's going to start reaching down into the 1600s. All time frames are Bearish. Monthly Is Bearish, Weekly, Daily, 4H. Honestly wouldn't be surprised if this went much lower, but all I need is 1600's. My main reasoning for this: Every time frame is Bearish. Can't really describe the other reasoning, it's just based mostly off of repeating patterns in the Market, seen the same thing hundreds of times, additionally it'll eventually want to retrace deep into a Discounted price, below Equilibrium (First Red Line). Pretty obvious, if I were able to control price, I would want price to drop into a Discount before entering longs. Why get in at a terrible expensive price when you can get in cheap. There's only a few Scenarios that can possibly play out: it rallies and creates a New ATH before reaching into my desired level, meaning it would need to retrace at some price where it's currently near. This is Unlikely at least at this very moment. It won't consolidate here. So that rules out that scenario. Market Moves from Expansion -> Retracement -> Expansion. Not Expansion ->Consolidation ->Expansion. Last Scenario: What I'm anticipating. This is the Reversal, this is the drop. We got the Expansion lower with solid displacement which shows Smart Moneys Participation. Meaning if Smart money Got in at the ATH, they need a counterparty (Sell Stops) to offset distribute their position, first Major Objective being 17,374. This will be my Main Objective, the reasoning is: it can go a bit lower, Targeting the Monthly Inefficiency right below that, below Equilibrium. Additionally, right below that low there's also -2 & -2.5 Standard Deviation Projection.
CME_MINI:NQ1!Short
by Big_E_Trades_
NQ Trend BounceSo far NQ has had a nice bounce right on the major trendline dating back to 2023. We have a large lower wick on the daily candle, so far it is up over 300 points off the lows from today. Tt was looking a little hairy intraday for a bit there, but bulls seem to have saved it for now. I'm not convinced this bounce will last yet, but looking good for bulls for now. We have a lot of action this week left to go. For now, it looks like a critical hold for bulls, which could lead to a bounce all the way back up to 20k and it may keep going after that. That's a long way off, we'll see how FOMC and the rest of the mega cap earnings go. This is important to watch, if it does break that can be the difference between this recent sell off being a pullback that ends here versus a major correction and potential bear market.
CME_MINI:NQ1!Long
by AdvancedPlays
Hints of current Nasdaq bottom from NvidiaNasdaq seems to be hitting its low lows, but is there a good way to guess the price point? The Nvidia chart may have the hint. Nvidia's 0.786 has yet to form. Nvidia has an enormous influence on the Nasdaq. Nvidia hasn't reached 0.786 of its local wave 3, whereas Nasdaq has already gone well beyond. If Nvidia were to reach 0.786 at price point 106, it may cause an additional 50-80 points down from the current Nasdaq 0.786 pullback. *Any signs of Nvidia trend reversal at the current 0.618~786 price point will invalidate the idea.
CME_MINI:MNQ1!
by Doppelsoldner_S
Alphabet & Tesla push All The Bigtech into Bearish MarchIndexes end lower as investors brace for major earnings results After the closing bell, Tesla and Alphabet released their second-quarter performance. Investors were especially attentive to the carmaker, looking to see if its performance has improved since the start of the year. Tesla was battered by a slew of headwinds in the first quarter, but investors have since grown bullish on the flagship EV manufacturer. The two firms are the first of the Magnificent Seven tech stocks to release their earnings. Unfortunately they both did not deliver strength, so it breaks the momentum to the tech rally. Tesla shares fall nearly 9% in premarket trading after earnings miss Tesla shares dropped in premarket trading in the U.S. after the electric car maker reported second-quarter earnings that missed expectations, as its auto business continued to face pressure. Elon Musk’s electric vehicle company reported that automotive revenue declined 7% year on year in the June quarter to $19.9 billion, while its adjusted earnings margin also fell. Bulls and bears have been in a grapple over the stock, with some believing the company’s core car business is under pressure, while others held hope about a future Musk has promised around autonomous driving. Alphabet (GOOG, GOOGL) shares fall nearly 4.5% in premarket trading after earnings report Alphabet earnings top estimates as cloud business gains steam, AI losses grow. Google parent Alphabet reported its fiscal second quarter earnings after the bell on Tuesday, beating analysts' estimates on the top and bottom lines as its cloud businesses continue to pick up steam, topping the $1 billion mark for operating profit for the first time. For the quarter, the company saw earnings per share of $1.89 on revenue of $84.7 billion. Analysts were anticipating earnings per share of $1.85 on revenue of $84.3 billion, according to data compiled by Bloomberg. That's a jump from the same period last year of 31% and 14%, respectively, when the company reported earnings per share of $1.44 on revenue of $74.6 billion. Advertising revenue topped $64.6 billion versus analysts' expectations of $64.5 billion, and up from $58.1 billion last year. YouTube ad revenue, however, fell short, with the segment bringing in $8.66 billion versus expectations of $8.95 billion. Technical thoughts What is next? Hmm.. I think more Bulls & Bears are to run. The main graph Nasdaq-100 Sept'24 Futures contract (NQU2024) indicates on strong Bearish Momentum. This is all because of 50-Day SMA breakthrough, as well as breakthrough of major 3Mo old upside channel.
CME_MINI:NQU2024
by Pandorra
4
NQ e mini short for a few next daysWell, Now it is downtrend on 15 and 5 mins so I guess we are going down and then to ZOI and then if confirmed going for new impulse at 15,5m but then later on 1d and 4h I guess we should finish the correction and start uptrend again. We will see it by the end of the next week I guess. Another comment I forgot to add. THere is the zone for 18600 usd it is a mirror at 1d. So I would wait till this moment for a long run and now trying to find day trades for shorts.
CME_MINI:NQ1!Short
by allinbtc
1
NQ Power Range Report with FIB Ext - 8/1/2024 SessionCME_MINI:NQU2024 - PR High: 19644.25 - PR Low: 19582.25 - NZ Spread: 139.0 Key scheduled economic events 08:30 | Initial Jobless Claims 09:45 | S&P Global US Manufacturing PMI 10:00 | ISM Manufacturing PMI - ISM Manufacturing Prices FOMC day saw strong breakout from prev end of week range - Continuing above prev session high Evening Stats (As of 10:15 PM 7/31) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 373.80 - Volume: 35K - Open Int: 245K - Trend Grade: Bull - From BA ATH: -6.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 18675 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
CME_MINI:NQU2024Long
by mv3trader5
CAN THE HOUSE CAPITALIZE SHORT from DAILY Swing EQ Level...?CME_MINI:NQ1! "To be the best you have to work overtime." -Floyd Mayweather Jr. Family here on NQ WE may have a simple TXT Book Break N Retest Play from Daily SWING EQ Level pricing ($19855.00) Lets stay focused very very closely to see how price reacts to the Daily Swing EQ Level... I will NOT be SHORTING from the 4Hr supply zone alone that sits just slightly above the Swing EQ.... I need further confirmation on the LTF's before we strike.... 1) The 4Hr Supply Zone Pricing I want to see mitigated is ($19915.75)... If and when we can see buyers mitigate this price I will then drop down to the LTF 15-5m TF and wait for a demand failure and then a 15m Bear CHoCh.... 2) Once we can receive this few confluences that I stated above, I then will be interested in going SHORT with a set target TBD..... 3) I'll keep close update as PA develops and we have more data to work with... Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
CME_MINI:NQ1!Short
by TreyHighPwr
NQ Range (07-01-24)Looking for low to up move during short Holiday week or more O/N Prop lifting than usual. The KL to watch is 19,818, a break of the Danger Zone will try some yellow dots. Near KL look for the typical U Turn attempt. YTD Open is the KL 17,027 and we have seen a 3,000 point range with ML 18,500 being a retest KL to anticipate. NAZ is running on fumes and will need some major rigging, tricks, BTD/FOMD PA to stay elevated. Any of those fail to hold and we may see large move sessions on any drop retest of KL's. Go Fed, look for Fed to help out (did you watch the Debate???, Really). Any drop will be propped back up in the O/N.
CME_MINI:NQ1!
by MAZing
32
NQ Trade Ideas for FOMCThis is similar to my previous idea for ES, so I won't include VX in this one, but it's the same idea. While I'm watching ES and VX, I'll be looking for NQ to be hitting support and resistance at the same for extra confluence. The best trades on FOMC day line up when we have a big reversal after everything either comes into support or resistance at the same time. 19.3k is the first area I like for long on NQ, it should line up with ES at 5525. We do have a trendline above that hasn't been tested since it was broken so that could be a good short as well. If that trendline doesn't hold it's probably gonna lead to a larger squeeze. We'll just have to monitor these levels and see what happens. These are shorter term levels and are meant for day trading today's action only, but could also lead to continuation over the next few days.
CME_MINI:NQ1!
by AdvancedPlays