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NQ updateI was blocked for a week for simply mentioning my site I have it under my TradingView profile, so sorry for those who follow me here. Here is a quick update of NQ and I will post ES later. We should have this move down into the channel tomorrow. One thing to note is that 29th (today) was a window for the low, so if tomorrow we see a good pullback, it will be a buy-able one I will be posting less here as I have other commitments and really dont like being blocked for something I pay for.
CME_MINI:NQ1!
by RealTima
10
Global Markets Are Setting Up A MAJOR BOTTOM For 2023+US/Global markets are actively seeking a bottom at this point. We've witnessed the largest unwinding of global excesses since the DOT COM bubble and, before that, the 1929 market peak. Use this symbol to experiment with market trends/setups: (TSLA + ARKK + ARKW + ARKQ + GME ) / 5 In my opinion, the deep selling is nearly over. This chart shows the custom symbol is very close to the center level on the historical Pitchfork and very close to a 1.0 (100%) Fibonacci extension from 2016 to 2019. I suspect the unwinding of the global markets is very close to a BOTTOM right now. 2023 could be very explosive, considering the extreme downside pressure we've seen over the past 15+ months. Think about this for a few minutes... _This chart shows price is currently AT or BELOW 2016~2018 center Std Dev levels. It may move a bit lower before actually finding a bottom. _This price level represents a pre-2019 earnings/revenue expectation (ignoring the past four years of progress). _The US Fed has already disrupted inflation trends and will likely shift towards more moderate policies in H1:2023. _This was not an excess bubble as much as it was a speculative bubble during the COVID supply disruption. Now, we shift back to more normal Revenue/Growth expectations. The US/Global markets are actively seeking a bottom RIGHT NOW. The reversion/reflation trade (bullish) could be very powerful. ---- ------------------------------------------------ Precious Metals will continue to appreciate - just like what happened in 2002~2005+. We are in the early stages of a reflation cycle (post COVID speculative bubble). The bubble has burst. Prices have deflated. A reflation rally is very likely unless some global crisis event disrupts the global economy. Gold and Silver will likely rally 35% to 55% higher over the next 2+ years (possibly higher). This is just like 2002~2005 all over again. ----------------------------------------------------------------------------------------------------------------- I believe it is time to start initiating "TOKEN" positions in deeply undervalued Technology, Energy, Consumer Staples, Healthcare, and other "relation" sectors. Follow my research.
NASDAQ:TSLALong
by BradMatheny
2
Elliott Wave Forecasts rally in Nasdaq (NQ) to fail for Further Short term, Elliott wave view in Nasdaq (NQ) suggests that the decline from 8.16.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 8.16.2022 high, wave (1) ended at 10890.75 and rally in wave (2) ended at 12339. Internal subdivision of wave (2) unfolded as an expanded Flat structure where wave A ended at 11729.75 and pullback in wave B ended at 10484.75. Final leg wave C ended at 12337.49 which completed wave (2). Index then resumes lower from there in wave (3). Down from wave (2), wave ((i)) ended at 11847 and rally in wave ((ii)) ended at 12069.50. Index resumes lower in wave ((iii)) towards 11275, wave ((iv)) ended at 11411, and final leg lower wave ((v)) ended at 11043.50. This completed wave 1 in higher degree. Wave 2 corrective rally ended at 11389.75 with internal subdivision as a zigzag structure. Up from wave 1, wave ((a)) ended at 11263.75 and pullback in wave ((b)) ended at 11181. Final leg higher wave ((c)) ended at 11389.75 which completed wave 2. The Index resumes lower in wave 3 with internal subdivision as another impulse. Down from wave 2, wave ((i)) ended at 10870.50. As far as rally fails below wave 2 at 11389.75 and more importantly below wave (2) high at 12337.49, expect the Index to extend lower.
CME_MINI:NQ1!
by Elliottwave-Forecast
1
Nasdaq Weekly Volatility Analysis 19-23 Dec 2022 Nasdaq Weekly Volatility Analysis 19-23 Dec 2022 We can see that currently the implied volatility for this week is around 3.87%, DOWN from 4.12% from last week With this in mind, currently from ATR point of view we are located in the 82th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 3.25% movement Bearish: 3.5% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 23.6% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 11795 BOT: 10862 Taking into consideration the previous weekly high/low, currently for this candle there is : 35% probability we are going to touch previous high 12339 65% probability we are going to touch previous low 11280 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates -93% BEARISH trend from the moving averages index Daily timeframe indicates -93% BEARISH trend from the moving averages index 4H timeframe indicates -80% BEARISH trend from the moving averages index
CME_MINI:NQ1!
by exlux
New SPY Cycle Patterns Headed Into Christmas 2022Pay attention to the very real possibility that the current GAP will be filled early this week as price attempts to find a base/bottom after last week's selling. I expect moderate volatility and a change of trend as we move closer to Christmas. Initially, we'll see some moderate downward price pressure, then we'll see a shift upward near the end of this week. 12/18/2022 Inside-Breakaway 12/19/2022 POP 12/20/2022 12/21/2022 Top/Resistance 12/22/2022 Flat-Down 12/23/2022 MntmRally-012 12/24/2022 GapUp-Lower Remember, stay protected and stay safe as volatility may be excessive over the next few weeks. 2023 looks very interesting. Follow my research to learn more.
AMEX:SPYLong
by BradMatheny
NQ with Head and Shoulders Pattern Identified on the 4H CME_MINI:NQ1! A Head and Shoulders pattern was identified on the 4H timeframe. This pattern was identified in confluence with a bear flag pattern on the 1H timeframe. Price then broke just below the flag. I believe that NQ will see more downside. After I zoomed out further, I noticed that we spiked from a demand zone November 10, 2022. Perhaps NQ will retrace back to where it spiked from on November 10, 2022. A screenshot is provided below for your review. After I zoomed out further, I noticed that we spiked from a demand zone November 10, 2022. Perhaps NQ will retrace back to where it spiked from on November 10, 2022. A screenshot is provided below for a quick reference. *This is not financial advice. If you like my trading idea follow or search "MrALtrades00" on the TradingView platform for more ideas. MrALtrades00
CME_MINI:NQ1!Short
by MrALtrades00
1
US Stocks are about to EXPLODE higher. Here we goThe reflation trade in the US stock market (Wave-5) is about to explode above the GREEN resistance line. Far too many people continue to believe the US markets will collapse on some Fed/Economic crisis event. What they don't understand is the US is in a different position right now. Yes, deflation trends may continue for REAL ASSETS (homes, cars, commodities, others), but as long as the US economy continues to tick along (employment, wages, consumers), billions of dollars every month flow into IRAs, 401Ks, and other investment assets. This is what I call the "economic bias" related to money flow and US dollar depreciation. Over time, the natural process of the US/global economy is to GROW - not CONTRACT. Therefore, we need to be prepared for a reflation trade (similar to 2003-05 when the US markets move upward after the 9/11 event). Follow my research.
FX:SPX500Long
by BradMatheny
ES support @ 4018 now becomes critical trigger levelThis big rotation to the upside, after the CPI number, presents a new $4018 support level on the ES for traders. The Fed rate decision tomorrow may send markets briefly below this level, but watch for a reflation trade to setup after the Fed comments. If my research is correct, a melt-up trend has already been established. I expect the US Dollar to melt back above 105 while Gold and Silver continue to melt upward as well. The US markets may continue this upward trend into Q1:2023. Follow my research.
CME_MINI:ES1!Long
by BradMatheny
A new high in QQQ, no new high in NQ1!, and skepticismYesterday, prices rose across the board, with Nasdaq 100 index rising almost 5%. This move came amid a dovish interpretation of Jerome Powell’s speech by the market. As a result, the abrupt price action invalidated our assumptions about the potential top of the bear market rally. Illustration 1.01 The daily chart of QQQ is displayed above. The yellow arrow indicates the invalidation of our early assumptions about the potential top for the bear market rally. However, Nasdaq 100 continuous futures (NQ1!) failed to break above the immediate support/resistance and did not constitute a new high. That makes us skeptical about the new high in QQQ. Therefore, to entirely invalidate our earlier assumptions, we would like to see invalidation also in NQ1!. Illustration 1.02 Illustration 1.02 shows the daily chart of NQ1!. The yellow arrow shows no invalidation in NQ1!. At the moment, we will wait and see. If NQ1! breaks to the upside and holds above the immediate support/resistance, it will bolster the case for rally continuation. As a result, it will force us to abandon our price target of 270$. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQ
by Tradersweekly
19
QQQ Weekly Volatility Analysis 12-16 Dec 2022 QQQ Weekly Volatility Analysis 12-16 Dec 2022 We can see that currently the implied volatility for this week is around 3.44%, down from 3.62% from last week according to DVOL data With this in mind, currently from ATR point of view we are located in the 79th percentile, while according to VXN, we are on 40th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 3.35% movement Bearish: 3.11% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 20.7% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 292.43 BOT: 272 Taking into consideration the previous weekly high/low, currently for this candle there is : 35% probability we are going to touch previous high 291.6 67% probability we are going to touch previous low 278.75 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates -53% BEARISH trend from the moving averages index Daily timeframe indicates -53% BEARISH trend from the moving averages index 4H timeframe indicates -80% BEARISH trend from the moving averages index
NASDAQ:QQQ
by exlux
SPY Cycle Patterns For Dec 12, 2022 - More sideways melt-up.Here are the SPY Cycle Patterns for this week. Expect more sideways melt-up trending as we head into the Fed rate decision and key economic data. Traders will start to shift into early 2023 expectations this week (after the Fed). Check out my other posts. The markets are not expecting anything extraordinary right now - more of the same. The Fed rate decision will likely come in between 50pb and 75pb (as expected). All of this has been BAKED INTO the markets already. I can tell you what I'm seeing out here in So. Cal... Shoppers EVERYWHERE. Traffic is a mess. Lots of our of state cars everywhere. Malls and shopping centers seem packed. From what I can see, Q4:2022 will probably stay very solid for retail and online shopping. Unless there is some catalyst to BREAK the markets, US stocks should slide into 2023 with fairly strong expectations. Follow my research.
AMEX:SPYLong
by BradMatheny
2