MNQ! LongI am looking at a potential Long position right now with Micro NASDAQ100. It is at a higher low on our 4 hour chart.
UNF1! trade ideas
NQ stuck in this 1HR trend, is that resistance I see?NQ hitting resistance in this short term downtrend.
As long as this next hour candle is red, we are going down...
NQ - Is this the bounce?Could this be the level that we retrace back up to $20,600-$20,700 levels, before we head lower?
This could be an interesting week ahead with the latest election news drop coming out of USA.
CME_MINI:NQ1!
Looking to buy Nasdaq 100 futures on possible gap fillNasdaq 100 futures were hammered last week on the back of strong volumes, making the next few days important as Alphabet and Tesla become the first of the ‘Magnificent 7’ names to report second quarter earnings after market close on Tuesday. They will set the tone for the remaining group, especially Alphabet given perceived tailwinds for revenues and earnings from the AI revolution.
While momentum indicators such as RSI and MACD continue to give bearish signals, I’d rather buy dips than sell rallies right now given the price remains in a firm uptrend.
But I’m not rushing in just yet. Even though we’ve seen a bid in early Asian trade, you can’t help but think we may see traders attempt to close the gap created on June 13. It’s nearby and momentum is to the downside, after all.
If we see the gap filled, it creates a decent entry for longs given the proximity of the 50-day moving average and uptrend dating back to April 19, two levels that have been respected over recent months.
DS
Buying near 19613 with a stop below 19500 is one potential setup, allowing for longs to target a push towards resistance at 20371 or even the record high set earlier this month. If the trade were to move in your favour consider lifting your stop to entry level, or using a trailing stop, to mitigate reversal risk.
Nasdaq Discounted at Demand Zones holding support!The Nasdaq futures market is currently showing some promising signs as it enters key demand areas. Analysts are closely watching the levels around 19,600 and 19,500 as potential support zones. These levels have historically acted as strong support, and traders are optimistic that they will provide a solid foundation for a rebound.
Market sentiment appears cautiously optimistic, with many expecting a bounce back as buying interest increases around these discount prices. Technical indicators also suggest that the market is oversold, which could further bolster the likelihood of support holding at these levels.
It's important for traders to stay informed and keep an eye on any economic data releases or geopolitical developments that could influence market movements. As always, risk management is crucial, and setting appropriate stop-loss levels can help protect against unexpected volatility.
NQ short opportunity 5 R:RWe are at a key weekly, daily, hourly structure on the chart. A better opportunity is for longs IF we hold the current structure.
IF we do not, a good R:R set up for shorts to next level
NQ R:R opportunity If we hold this very key area were at - weekly/daily/hourly we have a nice opportunity back up
NQ E-mini FutureHi guys,
In this chart i Found a Demand Zone in NQ CHART for TRADING entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
My Thinking I think the market is weak with sellers but not strong for buyer too so I think the market will take some liquidity and make some buy.
Nasdaq Next Week NarrativeThere's two Parts of this move. You only need one to make money on it. I'm looking for certain actions to take place before seeing this happen, as described in the texts. This is based off the Weekly-Daily-4H Becoming Bearish & the Best case scenario and what I believe will happen when it retraces and each thing I'll look for during the scenario.
This whole idea can Change during the course of the week as there's more and new information that can change my narrative, may take longer to manifest, may not
Market Selloff - How to Trade a Bear MarketI'm not saying this is the beginning of a new bear market, we'll need to break April lows for that to technically be the case. However, we're selling off for now and VX is elevated. A bear market will bring a lot of challenges, especially for new traders who have never traded during one.
Here's some tips about bear markets and my thoughts on everything moving forward.
Can the HOUSE CAPITALIZE LONG after the Rebalance of PA...?CME_MINI:NQ1!
''Once you know what failure feels like, determination chases success.'' -Kobe Bryant
Family I'm back with another breakdown as to why I believe we can catch this PLAY LONG now that sellers have finished their job in rebalancing the market... I decided to set my LIMIT LONG based off the PA on the 15m TF lining up perfectly with the HTF PA....Rock w/ me!
1) 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
NQ Power Range Report with FIB Ext - 7/19/2024 SessionCME_MINI:NQU2024
- PR High: 19936.25
- PR Low: 19976.75
- NZ Spread: 90.5
No scheduled key economic events
Continuing value decline into 19800 inventory from a month ago
Evening Stats (As of 1:45 PM 7/19)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 292.96
- Volume: 28K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -4.4% (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
Long MNQ1!
Price has shown willingness to go higher, but has not reached back into Fair Value Pricing.
This means that this is the current range, and anything below fair value is still a fresh target.
I am entering on the First Line of Defense, the low of that first down candle tipping just below Fair Value.
My Targets:
I am aiming for an array above fair value of the bigger swing we are in.
This is an old Volume Imbalance, which also sits under a previous high, a ?FVG, and an OB.
NQ - Do We See A Short-Term Sell-Off?Awaiting more data to make a clear judgement as the range i am working in is tight!
How will the market react after the next US election?How will the market perform if either Biden or Trump wins? That should be an easy question to answer, as we can track the market performance on the first day each became President of the United States.
Micro E-Mini Nasdaq Futures and Options
Ticker: MNQ
Minimum fluctuation:
0.25 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time 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
Long Nasdaq Turtle soup from potential Low of weekSeasonally bullish July. HTF still bullish imo. Turtle soup long after deep sweep of Weds 3rd July low and after touching +bkr 4hr CE, and after reaching ABCD down projection. Ideally now i want hourly bodies to respect one of these levels, and us to get a lower timeframe break up in structure. If it keeps spooling down all day, then i'll take the loss.
-NQ has been very much weak sister for many days now, feels to me like it's time for it to start showing relative strength now and and become the stronger sister to ES.
-Seeing if we put in Low of week here in the opening hour, or later today.
-Buying around the ABCD downleg projection, and the +OB wick CE W
-Stop below +OBMT W and just below an old daily low (Tues 2nd July): Basically full exit/loss if we properly lose the +OBMT W below.
-Ultimate target is the nice 20600 ABCD confluence (ABCD projections align here from both the 2023-2024 swing and the June'24 swing). Gut says we have NOT properly topped in indices.
-Will take paritals at FVG H nearby overhead, and move stop for remaining position to breakeven.
-Will take further partials and trail stop if we breach ATH Nasdaq.
-Will take last of position off at the beautiful ABCD projection confluence 21600, if we get up there before early August.
-If this runs up, i'm willing to hold til the end of the month (Indices are seasonally bullish in July)
-For confirmation of shift back to bull in earnest, i want to see the FVG H above us 'flipped' bullish (resist, small retrace, then power on up through it)
*Note to self: i should really wait to enter after getting low timeframe confirmation of a bottom, but i'll be totally honest: i want the satisfaction of potentially catching the low of week; I accept the risk of price just spooling on down and stopping me out today.
**Just an idea for paper trading, not financial advice
Week of July 14 NQ/10Y/CL/GC/Real EstateLast week, we were reminded what selling looks like on indexes.
The Nasdaq and Bitcoin tend to lead the technical moves, and I believe we are headed for a 10% correction here soon on NDX. NDX led the market by making its top earlier than the rest - but everything is poised for a nice drop from here.
My contention is that this will be the final wash-out on indexes before the final big long swing into the secular top of the market - which will come before the November Elections.
Nasdaq finally gave us some selling that we can lean into last week. We got a h4 Market Structure Shift (MSS) and Friday gave us the perfect back-test of the h4 sell structure.
The first logical target for NQ is going to be the July Lows.
From there - I want to see a small bounce and then resume the proper down move to around 18.5k area.
The Draw on liquidity is that quarterly IRL that we need to visit. If we can crack the 19k mark on NQ, it will offer a 10% drop from ATH - which is the perfect amount to scare all the villagers, we will see bears on parade - right as its time to long the index for the final move to ~25k.
10yr Rates continued to fall this week - which is what is jucing the markets. That being said, I'm still looking for the 10yr to march down to ~3.8% before any kind of meaningful bounce. This is because the economy is starting to roll over, inflation is coming down - and the bond market knows it.
Oil was floppy last week, but I still am looking for that 85/86 level to sell. Oil has been a tough trade up here as the tape has been rather heavy. Oil wants to drop due to weakening global economic forces - but they keep pumping it up with Hurricane premium etc - I have no trade in oil until after we sweep the 85/86 area and can begin the proper big sell program.
Gold popped this week but I think it was just a pop into a h4 IRL that is a selling opportunity. I want to see Gold sweep those Equal Lows down around 2304, clean up some inefficiencies ~ 2230, then resume its uptrend.
Real Estate is about to start its larger secular downturn here - and we are already seeing it in places like Austin, Phoenix, and Florida.
What is wild about Real Estate is how insanely clean the charts are. If we start with the quarterly chart - it is a textbook example of a bubble chart
Having this HTF Bias, enables me to look for weekly swing trade setups, as I believe real estate is about to take a 50% or greater dump. I think the prices of MOST assets (homes/planes/boats/Rolex Watches) are headed back to 2013 levels.
Homes were bought en masse by wall street, and a lot of the firms are upside down on the properties as they sit empty. A combination of higher rates, and a flood of supply - all timed with an economic recession - is going to leave real estate as a smoking crater.
The weekly - we are entering an area up here which I believe will morph out to a great selling opportunity - as we make a weekly Turtle Soup sell entry.
So here is the setup I am watching for this week;
I want to see NQ drop back to a weekly IRL level and run the h4/weekly TS for potential long entries ~ 19.8k. We should get a small bounce down there, but the ultimate goal of this drawdown should be ~ 18.5k
I want to see oil take out the 85/86 level and then reverse hard - this will confirm the bond market deflationary stance as the global economy weakens.
I am still waiting for gold to sweep the 2304 equal lows for a long entry.
I want to see YM, Real Estate, and Small caps start moving lower. I think this is the start of a nice market-wide correction.
Until next week - We'll be watching.
Short Day TradeGap up in a down trend. I think momentum is slowing down for the NQ. Looking for a short day trade 1:3 Risk to Reward.
Unemployment ClaimsIt seems that my analysis was wrong. Today we're bullish. From now on I will post the analysis later in order to have a clearer picture of the market so I can minimize losses and be as accurate as possible. We have high impact news at 08:30. Be patient and careful.
Today's analysis. This is today's analysis. Let's see if it represents this gap so we know what to expect. After the analysis from what I see, you are bearish. Be careful and be patient.
NQ1 sell when reach channe's borderWhen reach the channel's border around 20458 wait till come back and sell, TP at the lower border. SL at 20797 zone.
NQ Power Range Report with FIB Ext - 7/18/2024 SessionCME_MINI:NQU2024
- PR High: 20067.00
- PR Low: 20024.25
- NZ Spread: 95.75
Key economic calendar events
08:30 | Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
Strong rotation breaking below key inventory levels
- Response inside Keltner cloud off 32 avg
Evening Stats (As of 11:45 PM 7/17)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 287.94
- Volume: 26K
- Open Int: 254K
- Trend Grade: Bull
- From BA ATH: -4.4% (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
