Chart Idea - NQ Swing TradeBeautiful Descending Broadening Wedge formed on Daily TF. Too bullish once breakout gets confirmed.
Entry: 19500
SL: 19000
TP: 21000
NOT A FINANCIAL ADVICE!!
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UNF1! trade ideas
Big correction awaited on US markets As all are in sheer euphoria and waiting for higher all time highs after Trmp election , the market is currently warning those who can listen of upcoming correction , and it might reach deep this time .
This is not about technical analysis textbook patterns and there is much more on this chart than what meets the eye as I tried to simplify it as much as possible.
Bear in mind also the particular context where we are amidst extreme greed in the stockmaket while we are at the all time highs as the fed is about to make its rate decision .
If you are an investor I hope you got my point of NO BUYING RIGHT NOW as it not the time at all so simply wait .
This can even be the opportune time for looking for shorts instead , after a bearish reaction from Interest Rate decision . On the other hand ,closing above 20900 will invalidate the short idea and postpone the correction for later .
In closing wish to leave you with this quote from Warren Buffet :
"I will tell you how to become rich .Close the doors .BE FEARFUL WHEN OTHERS ARE GREEDY .Be greedy when others are fearful. "
CME_MINI:NQ1! CME_MINI:ES1! CBOT_MINI:YM1! NASDAQ:NDX SP:SPX DJ:DJI FX:NAS100 BLACKBULL:NAS100
The correction is nearCME_MINI:NQ1! NASDAQ:NDX SP:SPX
Wait for a deep correction to at least 16250 level , which will be reached probably by the end of this year .
If the 16000 area fails to support price then we might see a significant bearish move that can reach as deep as 10000 , and generally on all US index futures I am anticipating at least a 20-25% correction which could even reach 50% downwards if we fail to find support.
Are you ready ?
BearishBearish attacking true Consolidation.
balanced pice level hit and closed in on 1 HR. waiting for price to displace lower creating a CHOC
Nasdaq’s New Record High: 20,977 PointsThe Nasdaq Composite has reached yet another historic milestone, hitting an all-time high of 20,977 on November 6, 2024. This latest peak underscores the continued dominance of the tech sector and investor confidence in growth stocks.
At BigAskMagnet Institute, we attribute this surge to several key factors:
Strong Earnings Reports from major tech players, including advancements in AI, cloud computing, and semiconductors.
Favorable Monetary Policy, with central banks moderating interest rate hikes, boosting equity valuations.
Geopolitical Stability in key regions, encouraging risk-on sentiment among global investors.
This new high surpasses the previous record of 18,983.47 set just earlier this year, showcasing Nasdaq’s resilience in a dynamic economic environment.
BigAskMagnet Institute continues to monitor these developments closely, offering actionable insights for traders aiming to capitalize on Nasdaq’s upward momentum. Stay tuned as we delve deeper into the implications of this record-breaking performance.
Nasdaq's Historic Peaks: Insights from BigAskMagnet InstituteThe Nasdaq Composite has experienced remarkable highs, including its dot-com bubble peak of 5,048.62 on March 10, 2000, and more recently, surpassing 18,900 in November 2024. These milestones highlight shifts in market sentiment and the growing dominance of the tech sector.
At BigAskMagnet Institute, we analyze these trends to provide traders with a clear understanding of the forces driving market growth. From the rapid expansion during the 1990s to the digital boom of the 2020s, Nasdaq's trajectory offers valuable lessons for investors navigating today’s volatile market.
Stay tuned for more insights as we decode market movements and uncover future opportunities!
NQ 4hr observations 11.7.2411.7.24 4hr chart observations. 200 ema was broken retested. price could not break small fvg below in 20047 area, so a small bear trap was formed. Once price again came above 200, stong bullish run began. still have not tested all time high.
Whyi can say "Pivot by morning" at R6I wanted to explain to people how this is possible... notice how todays pivots are calculated with yesterday in mind in such a way to get us to pivot easily.
I have said this, in similar situations many times, so far it has always worked.
This also means we don't have to only short from R6 (or maybe even R10 (TSLA) )... we can go higher because there is room now.
NQ Power Range Report with FIB Ext - 11/7/2024 SessionCME_MINI:NQZ2024
- PR High: 20923.50
- PR Low: 20889.00
- NZ Spread: 77.0
Key scheduled economic events
08:30 | Initial Jobless Claims
13:00 | Fed Interest Rate Decision
14:00 | FOMC Statement
14:30 | FOMC Press Conference
AMP Futures increased margin requirements overnight
- Broke above 20800 daily pivot
- Continuing to auction above previous session high
Session Open Stats (As of 12:25 AM 11/7)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 310.36
- Volume: 24K
- Open Int: 262K
- Trend Grade: Bull
- From BA ATH: -1.3% (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
Bullish, but there will be selling to test all support wicks - - Price Target: Expecting price to reach the 1.272 Fibonacci level near 21,052.50, then retrace to find support.
- Entry Point : Looking to enter long at 19,979.
- Invalidation : Long bias is invalid if price falls below 19,818, especially around the 4-hour candle close.
- Note on Wicks : Pre- and after-hour wicks often don’t hold up; they’re likely to get rejected.
First target will be 20,788.50 and final target would be 21,388.25
$NQ Levels 11/6Every single BSL has been hit, except for 1 and our ATH... Let's see how we react from FOMC tomorrow! Chart: www.tradingview.com
Top 5 Weekly Trade Ideas #4 - NQ Supply ShortI'm pretty bullish right now but I can't help but think this is a good short here. VX is near support after getting completely crushed and FOMC should lead to no surprise. Seems like a good spot for this rally to pause. This supply zone was created all the way back in July and this is the first retest. In addition to that, we have trendline resistance in the area as well.
We already had a break below this triangle and it resulted in a big fakeout and reversal to the upside. It may not be as reliable, but if we break below for good I'd be targeting 19.7k as a final target. This week's low would be the first target.
If we breakout above and keep going I would not advise having short bias. I'd be out of puts and looking for longs on a retest.
NQ Year End Targets (11-02-2024)Next week will have an election (with delayed results, most likely) and a Fed Day. Look for the Afterhours and Overnight Long play (to be played). Watch how the Regular Session reacts. We may see one of the two arrows play out or both by Year End. Pop/Drop or Drop/Pop, the O/N may lift with Reg Session selling it off. No O/N lift, look for some heavy duty selling. Go Fed, BTD/FOMO (til 1/25).
NQ - Nasdaq struggles. The weekly reveals itSee the support NQ had?
Super nice how the the Medianlines and the A/R set reveals it. But now there is some trouble in the Kitchen.
After reaching the white Center-Line, price is struggling to punch through the orange U-MLH.
If price can't fight ti's way through this resistance, it will turn south - probably very sharp.
To me, this is a cheap Short.
If I'm wrong, so be it, it's just one of 1000s of trades. But, it's a offer I can't reject §8-)
NQ Power Range Report with FIB Ext - 11/6/2024 SessionCME_MINI:NQZ2024
- PR High: 20364.75
- PR Low: 20335.75
- NZ Spread: 65.0
Key scheduled economic events
10:30 | Crude Oil Inventories
13:00 | 30-Year Bond Auction
High vol session open, 317 point (~1.43%) range
- AMP temp margin increase remains in place for expected volatility
- Strong auction lift back towards 20800 pivot
Session Open Stats (As of 12:15 AM 11/6)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 307.30
- Volume: 81K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -2.9% (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
US stockmarket analysis before the electionsCME_MINI:NQ1! NASDAQ:NDX SP:SPX
I anticipate a deep correction to at least 16250 level , which will be reached probably by the end of the year .
If the 16000 area fails to support price then we might see a significant bearish move that can reach as deep as 10000 , and generally on all US index futures I am anticipating at least a 20-25% correction which could even reach 50% downwards if we fail to find support.
Quick 70 point tradeUsing the 1H 50% as entry, and we were utilizing our stop loss as protection so that we capture the profits as price traded lower.
How to create 50% line crossing alertsIn this short video I explain how to create the alerts for the 50% line crosses.
Sells1. FSH (4hr)
2. 4hr bearish ob (tpd 2x)
3. Daily SSL
4. 2hr bearish ob (tpd 6x)
5. 1hr bearish ob (tpd 2x)
Sell model is onGot the CISD on both assets now.
Dropped below 50% of the buyside curve.
Retraced to a breaker.
Stops above the SMT.
TP below the original consolidation.
Ok byyy be safe
NQ Power Range Report with FIB Ext - 11/5/2024 SessionCME_MINI:NQZ2024
- PR High: 20132.00
- PR Low: 20084.75
- NZ Spread: 105.75
Key scheduled economic events
05:00 | U.S. Presidential Election
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
13:00 | 10-Year Note Auction
AMP raised margins for expected overnight volatility
- Inside daily print
- Previous session closed virtually unchanged
Session Open Stats (As of 12:35 AM 11/5)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 288.45
- Volume: 21K
- Open Int: 252K
- Trend Grade: Bull
- From BA ATH: -5.2% (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
Kamal Victory Secured, Get ready for Armageddon Support already tested below, only thing holding the markets up is 15k besides that cya below 10k.
people arnt ready for whats coming
Kamala WinsBuckle up. See you after a nice 30% haircut.
Monthly still has some strength but the weekly tells a different story.
America doesnt care about the economy. People care more about themselves than others and selfishness prevails once again.
