NASDAQ 100 — Bias remains bullish. We’ve already broken a key high with strong momentum, but I’m waiting for a clean pullback into my refined 5M/30M demand zone. Ideally, I want to see a liquidity sweep just before entry to fuel the next leg. Targets are set on intraday highs first, then extended push toward higher timeframe structure. Until that setup forms, I’m in patient mode — no need to rush execution.
NAS100 Happy Sunday all. Relaying something the main man Auber posted a few weeks back.
Every single year where the nasdaq has had a major correction and is not in a bear market the price will continue to buy until the end of the year.
Let me explain. If you look at the seaonals charts and monitor the 0% level (start of year price) What happens for the rest of the year after a correction goes under the 0% then reverses back up.
It Buys! until the end of the year! then it starts the cycle again until it becomes a bear market.
Even bear markets are temporary retracements to form a HL on the biggest time frames.
How hard is this to understand?????
Anyways I decided to load up on popcorn this weekend and will be on the look out for comedy gold posts on this minds section 😂
Happy trading and remember HL-HH Guaranteed. All sells are temporary and will result in a greedy bears being trapped. Smart bears can still monopolise.
As per the call outs for the last few days, Nasdaq has been pushing out nicely. Before you follow someone either Long or Short ask yourself, the following things,
- Do I understand their reasoning for taking the trade, and therefore my reason for being in the trade. - Do they trade on the same time horizon as me, short, mid or long term trade. - Do they trade in the same manner , scalping, intraday, swing, or positional.
If after all that you are confident in taking your own trade (as it is your own account you are using not theirs) , do you understand what success and an exit will look like and what failure and the exit will look like. (Basic risk management)
If you are following blindly and loosing blindly, those who you follow will happily flip and flip to suit their own style or circumstance but this may not reflect your reality.
Minds is full of opinions and egos and well "mind-less-ness" do not be fuelled by desperation or emotion, but by logic and reasoning. Understand what the market drivers and levers are and how they impact your trading decisions. People "feeling like its too low , too high, too over bought, too over sold" is not how markets work. There are underlying assets that have real organisations evaluating if they deem them to be priced reasonably enough to keep purchasing based on potential value, or valued right , or valued too high based on potential value. Anyone stating its at a ATH and has to sell will do well to remember its climbed 3 times this week alone from an ATH to a new ATH, it does not mean that all underlying components of this index are over valued, whilst there is room to stretch markets will stretch and expand, until they find reason to halt or withdraw. This is usually event driven such as earnings or projected earnings risks, operating environments and overall economic risks.
Don't be that person who this its just some lines moving up and down and that's as simple as it is, it is this mentality that is proven in broker websites globally stating most users between 85-95% loose trading.
Level up your game and yourself through knowledge and understanding.
Best Wishes and Success to All 🛡️ Take Profits, Not Chances. 💰 Manage Risk to Accumulate. 🎯 React with Clarity, Not Hope. 🌊 Flow with Intelligence, Not Noise.
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US100 anyone here good at wave counting? I’ve revisited the weekly chart counting from the low of 2020. This years low was the start of wave 5 and I see this ending some where around 24-24500 but could get extended to 25600. Any thoughts?