Here i am discussing my take on the today's price action and also my game plan on tomorrow. I am also discussing the current scenarios and the probabilities for what is going to happen on intraday basis. I try analyze the markets with the most unbiased way possible. Here is my complete analysis for today's session and for tomorrow's outlook. Please feel free to...
There is a very important level of 26-day EMA on weekly basis coming on our way. It did hold twice in last few weeks. It is very important to be above that. so today's closing will be very important. keep a close in on the Fib levels as well that are shown in the chart
I have draw the important level of support that must hold at any cost. If bulls are not able to defend this level next week, then there is lot of room for downside. Support range is from 14,700 to 14,650 For remember this is seasonal strong period so there is a very high chances of us NOT FALLING and rallying through a long slow CHOP
Hello everyone. i have done my daily analysis of the Nasdaq futures and my take on the price action. i have discussed a lot of things regarding the daily and weekly time frame. i have also shared my personal game plan and shared my strategies and recommendation for the intraday levels. Hope this helps.
We closed the day with heavy volume and also below the two most important things (50 EMA on daily and Anchored VWAP) If we don't close above these two things tomorrow, then there is lot of downside to come. The problem is this is a very strong seasonal period. so there will be a lot of chop. Tomorrow FED CHAIR POWEL is going to speak so we will have to see how...
Nasdaq Futures are holding really well for the following:- Bullish Case reasons 1. Heavy Volume of 773K today with the hammer formation. 2. We are still holding 50 Day EMA 3. We are still above the Anchored VWAP. Bearish ONLY IF :- 1. nasdaq closes bellow 50-Day EMA.
Looks like we are holding and defending the support of 50-day EMA and the anchored VWAP. As long as we are above it, I will look for Long setups.
This is my weekly update for market analysis. I hope it is useful and provides some good perspective. Thanks
The Nasdaq Futures have closed below the 50-Day EMA with a very high volume that is 768k contracts today. My view is in the next week if we reclaim the 50-day EMA, then there is a chance for us to rally. But if we stay below the 50Day EMA, then it will go much lower. On the daily time frame, we are creating lower highs for the third time. Be very careful for the...
Nasdaq futures had a down day today which was perfect with the expectations that the markets were over bought since the recent lows. In the daily time frame there are very high chances that they will test the 50 day EMA level around 15,130 since that is the major support which is nearest to the price right now. Very high chances of having an inside day tomorrow.
Here i discuss the strategy for tomorrow and bring some insights and the reasoning behind the markets and some levels that i think is very important
Hey Guys, i have posted and discussed the game plan for tomorrow and also some important levels and my reasoning behind these. Let me know if this makes sense and resonates with you all.
The resistance sits in the red box drawn around the level from 15,350 to 15,500. The support sits around 15,000 to 15,030 which happens to be Pivot level P0 and 5 day EMA Since there is no big news tomorrow, the markets will be choppy and we may get an inside day tomorrow with Fed speakers speaking almost the entire day. The rally that we got happened in the 2nd...
Please have a look at these levels and also my forecast for next week. have a great trading week ahead and let me know in the comments if this helps. i would love to engage with day traders like me and would love to put more daily updates as much as possible.
Nasdaq Futures has closed the day and the week very strong with high volume. I have identified the target range for the next week. Monday will be very silent as there is no big news. But the other days have all the big news with PPI and CPI data release, so there are very high chances of Nasdaq futures testing the target range and then chopp around on the Data...
Bullish today since it is holding lower range on my charts
Nasdaq Futures are range-bound. We have a Non-Farm payroll report coming in tomorrow. My bias is on the upside for tomorrow. Lets see what happens. Either ways we have to be ready for both sides which ever way the markets digest the data. Do not trade for the first hour for tomorrow since it will be volatile.
Looking at today's Bounce with high Volume, the Nasdaq futures have again reclaimed 100 EMA on the daily timeframe. There is a very high probability that Nasdaq Futures will go higher in coming days and test 50 day EMA. If it closes above 14,809 tomorrow, then this is the trend reversal and we are again in the bullish trend. Keep an eye on the 100 EMA, if it...