US100 - Nasdaq - Long IdeaAt the end of last week the Nasdaq, flushed through some stops and had a bearish close. For the bears, they are feeling trapped as there was no follow-through to the downside.
In fact the snap back signalled a bullish reversal.
Today we have broken higher out of the opening range and the initial balance. We're just waiting for that pop to confirm that today is the start of a push higher.
NQ
1:20 Sell Limit Order : US100 Sell: 11440 SL 11490 TP 10500What A Friday, Sellers really got pushed out bad today,
Maybe because this week ended within internalizing intentions.
But here is a limit order I'll be paying attention next week.
I am still very bearish , and maybe for the long term ahead.
Here we have a open sell order with no recent retest, resting at the the top of the 3rd wave which was heavily extended throughout the week, indicating that from this area, price had a seller offering which was
substantial enough to shift the tonality of the market.
Bitcoin will rally as the 2022 Christmas Rally Takes StartsGet ready. Bitcoin will follow Tech/NQ as the Reversion Rally takes place over the next 4+ months (probably lasting well into Q1:2023).
I expect Bitcoin to rally to above $29k - possibly reaching as high as $35k.
My research suggests the US/Foreign markets are about to enter a Reversion Phase (rally trend) after nearly 12+ months of global/US selling pressure. Bitcoin should follow the Tech/NQ Sector higher over the next few months.
We should be looking for confirmation of this bottom/base over the next 4+ weeks. We need to see recent lows hold up and a moderate rally take place before November 12th.
This could be a decent rally for the US/NQ/Foreign markets if the US Dollar slides sideways/downward.
Follow my research
ATTENTION ! Free insightATTENTION! We have a solid opportunity to buy silver, accumulate it, and make millions.
Custom Cycle Patterns Update - Christmas Rally Setup 2022It appears I'm getting a few people that are following my Cycle Pattern research - love it.
For those of you that have not been following my research, here is a short history.
Many years ago I started researching cycles, Fibonacci, Gann, and other advanced techniques. I try to deliver all of my advanced research to those that are interested in what I'm doing.
Ultimately, I hope to unlock a few secrets related to how I see price action and attempt to better understand how cycles, patterns, frequency, amplitude, and shifting cycle phases really work in price cycles. If I'm able to do this, I should be able to accurately predict when and how markets will shift into different phases and how to trade them more efficiently.
Much of my research is now dedicated to understanding global market dynamics (the world market trends and what comes next). I have to say I've been quite accurate in my predictions over the past few years - but predicting the future is now something I can do accurately or easily. Yet, I continue to try to provide valuable information for everyone interested.
I warned of a market top setting up in July/Aug 2021 and warned everyone to start protecting trades and pulling profits as the US markets continued to peak.
I warned of a 3 to 5 wave correction taking place (a wave 4 downtrend) before a new Wave 5 (uptrend) was likely to potentially setup a Christmas Rally in 2022.
I've been actively suggesting the US markets were bottoming over the past 60+ days as long as certain support levels held up.
I believe Gold and Silver will start a very strong price rally once the US Dollar shifts into a sideways/downward slide (which may be happening right now).
I also believe foreign market ETFs & Technology shares will be the HOT TRIGGERS over the next 6+ months as investors attempt to buy deeply undervalued stocks.
What this means is we are going to go through a bit of a SHIFT in how capital is deployed and where to find opportunities over the next 6~12+ months.
But it also means traders/investors still need to be cautious. This is not an easy market to trade - and you should not start loading up on ETFs/Tech until we know the bottom is set.
Here is the complete Cycle Pattern for all of October and early November:
10-1: Consolidation
10-2: Temporary Bottom
10-3: Gap Reversal
10-4: Breakdown
10-5: BreakAway
10-6: Rally
10-7: Carryover
10-8: Bottom
10-9: N/A
10-10: N/A
10-11: Inside/Breakaway
10-12: Harami/Inside
10-13: CRUSH
10-14: Gap Potential
10-15: Gap Reversal
10-16: Breakdown
10-17: BreakAway
10-18: Carryover
10-19: Temporary Bottom
10-20: Top/Reisistance
10-21: Consolidation
10-22: CRUSH
10-23: Gap Potential
10-24: Gap22 Potential
10-25: N/A
10-26: Breakdown
10-27: Harami/Inside
10-28: CRUSH
10-29: GAP Potential
10-30: Top/Resistance
10-31: Consolidation
11-1: Bottom
11-2: UP/Down/Up
11-3: Base/Rally
11-4: BreakAway
11-5: Carryover
Remember, CRUSH patterns are BIG TRENDING BARS. They can be UP or DOWN, but generally, they tend to be downward bars (about 65% of the time).
Take a look at the end of October and early November.. It looks like a BOTTOM/BASE is going to setup in early November. Can you say "Christmas Rally"? It looks like we may see a shift in the US Fed attempting to make sure they don't break assets over the next few months.
Follow my research. This is going to be a great opportunity for the right trades/investments. Watch GOLD & SILVER. I believe these assets will move strongly higher over the next 12+ months.
DAY TRADE Market ConditionDay Trade Market Condition, Jesse Livemore "There is only one side to stock market; and it is not the bull side or the bear side, but the right side" :
NQ, ES, CL, BTC (a day trader on NQ, markets I pay attention with);
Market Condition show on a table of each chart
Rally, long position offers higher success
SHOPzone, price fluctuate randomly between Supply/Demand levels (traders get burden mostly, day trading)
Drop, short position offers higher success
BULL, up trend for the week
Cumulating , keep eyes on left column (the first top 3 above)
BULL, down trend for the week
Top down approach for day trade, quoted from Jesse Livemore, "I must buy on a rising scale. I don't buy long stocks on a scale down I buy on a scale up."
NQ perfect am setup for those who followed!Well check those trend-lines held in am, was a perfect hit if you have followed this chart from yesterday.
Im swing short and not doing much till I see first extreme lows hit, then I will take profits and restrike higher
November is a panic month!
SELL NASDAQ - BACK TO NORMAL BELOW 11kMost of Q3 stocks earning so far are green, maybe last positive earnings report if FED didn't cut interest rate, but food and energy crisis will drive prices higher and there will be no chance to decrease inflation other than rising interest rates to lower demand and so prices.
At this point, DXY strength will continue and US equities will bleed especially in tech sector.
NQ clear bear flagBonds got destroyed today, I dont think the markets will hold for much longer.
Im waiting for EOD to add to short or wait for AHs
NQ had only 50% retracement off todays lows!NQ is so much weaker then the ES, it got up to 50% retracement when ES had a perfect 61.8%
Also on this move down it made a lower low, def leading to my eyes.
ES has bullish setup, NQ has more room to go before its going to test the uptrend channel.
Todays close will be interesting. If weak, then tomorrow we can gap down
Just buy the NASDAQ, and thank me after!!! we have here a very good volume, which mean surely a good reversement
Just buy the NASDAQ, and thank me after.
It will be a good correction, and will give us a some easy profit.
Good Luck guys
#We-are-making-money-NQ
A little Elliot Wave Fun - are you ready for what's next?If you are like me, thinking the US markets will act as a safe haven for global capital, then you should clearly see the upside potential if these recent lows hold.
If not, then you are seeing the downside risks as more likely - and will want to understand the price structure in place that may prompt some consolidation.
IMO, we are amid a Wave 4 correction.
Any Wave 4 correction MAY turn into a new price wave structure (ending an ABC wave and starting a new price wave). So, the reality of the current global market trend is...
If my analysis is correct, we must rally to new all-time highs. For this to happen, a broad shift in investor sentiment needs to take place.
If my analysis is incorrect (related to this being a bottom for the US markets, then we would be anticipating a broad global crisis event related to debts/inflation and other emergencies.
I think the US Fed will move to a more moderate rate adjustment schedule while the global central banks deal with credit/debt issues. It does no good to crash the markets to stop inflation.
Just like in the 70s & 80s, inflation will weaken as rates stay elevated. It is just a matter of TIME and POLICY.
Capital WILL seek out the best investment vehicle in the future. I believe that will be the USD and US ASSETS.
What are your thoughts?
NASDAQ 100 E-MINI FUTURESNASDAQ 100 E-MINI FUTURES
NASDAQ climbed into the strong supply area and could not overtake it and currently trades between two strong regions
SPX, What is going on the market ??Which Bull Cycle is market correcting?
Answer to this question shows us where MAY be a good point to buy the dip with open eyes and how to be prepared for alternative scenarios.
As shown and explained on the charts, there are three alternative scenarios for now and all of them are valid although they have different probabilities. :
1. Best case scenario :
In this very bullish scenario , market is just correcting the bull run started after pandemic low. In this case, we are not to much far from the SPX bottom. 3195 to 3505 corresponding to 0.618 and 0.5 Retracement levels is the zone in which SPX will bottom. I give least possibility to this scenario but surely keep it in mind since it is still a valid one.
2. Moderate case scenario :
In this scenario, SPX is correcting the bull cycle started at 60.96 on 1974 and ended at ATH. In this case, SPX will reach to very unpleasant and painful target zone which is 1878-2439 corresponding to 0.618 and 0.5 retracement levels respectively. I give most possibility to this scenario. Proofs and evidences for this scenario( and two others of course ) are provided on my published video idea about DJIA (See related idea for more details).
3. Worst case scenario :
In this scenario, market has completed 90 years impulsive section and mother of all crashes is on the way. I prefer to pray for the market in this case instead of any explanations. May GOD Bless The Market.
Maybe it is time to leave the habit of (( Buy the Dip )) with closed eyes.
Good luck every body.
NQ is flaggingWatch for the failure or a breakout, it will be clear soon
Im not adding to my short till tomorrow's EOD.
MOC is on the buy side
Ideally we hold 3630ES and push to 3730 and fail, will check EOD to determine being long into tomorrow or not
DOW DAILY SAY: BUY PINBAR COMES IT CAN GO TO 31700strongly advice dont pick sell.. DOW CAN GO UP WILD AND DONT ALLOW YOU CLOSE YOUR SELL .looking for buy in deep and hold it 4-5 day
if you have old sells, put SL or hedge buystop on today high
good luck
CPI/JOBS Blow a Hole in support - CRUSHED? Cycle Pattern UpdateIf you were watching the markets this morning or were caught unprepared for the huge CPI numbers (which lag), you were probably sweating bullets watching the NQ fall 400+ points in just a few minutes.
These reactionary types of price swings can be very dangerous for some traders - especially right now.
But, I want to alert you that the NQ has rallied nearly 200+ points off the morning lows and may turn positive by the close of trading on Friday.
Do any of you remember my Cycle Patterns? Take a look at 10-13 (CRUSH).
10-10: N/A
10-11: Inside/Breakaway
10-12: Harami/Inside
10-13: CRUSH
10-14: Gap Potential
I think the Gap Potential for tomorrow may reflect an upward price gap and may surprise traders if this support level holds.
Next week looks very interesting...
10-17: BreakAway
10-18: Carryover
10-19: Temporary Bottom
10-20: Top/Reisistance
10-21: Consolidation
I see quite a bit of volatility over the next 10+ days while Earnings and the Fed play central roles in driving price trends.
I'm still cautiously optimistic that we'll transition into a Christmas Rally phase throughout most of October. Watch for the US markets to try to setup a base/bottom over the next 4+ weeks.
If the market recovers from this morning's lows - lookout. That should be a fairly clear sign the US markets are defending this support level with a vengeance. Damn the Fed!
Pay attention. ES long term support may surprise markets (long)If you have not been paying attention, this is a good time to learn about a support level many are ignoring.
Yes, this support from 2011~2015, and the range I've drawn in BLUE, will likely prompt a relief/recovery rally (if support holds). If this support level fails, then we will see a much bigger breakdown in the markets over the next few months (before the Fed steps in to save the day - if they can).
Please understand this is a technical support level that may prompt a US Christmas Rally phase (if it holds).
There are no guarantees, but earnings should set the tone with extended volatility and, I suspect, fairly clear expectations headed into Q4:2022 & Q1:2023.
Get ready. If my research is correct, we will quickly transition into a Christmas Rally phase while the doom-n-gloomers sell the rally.
Should be fun.
Follow my research.
WEEKLY OVERVIEW on US Index, EURUSD and USDCADHi Traders,
This is my view for this week on:
- SP500 and NAS100
- EURUSD
- USDCAD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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NQ target zone for tomorrowI want to see at least 3% rally into Wednesday am max, ideally all tomorrow
Nasdaq Weekly Forecast 10-14 October 2022Nasdaq Weekly Forecast 10-14 October 2022
We can see that currently the volatility is around 5.08% for this week, falling from the 5.14% from the last week.
Currently there is around 23.6% that the asset is going to close either above or below the channel:
TOP 11636
BOT 10500
The current volatility percentile is around 90th, placing us in very risky environment. With this situations in general the market moves:
AVG weekly bull candle = 2.97%
AVG weekly bear candle = 3.6%
At the same time, there is currently a 75% that we will touch the high of previous weekly candle of 11729
and there is a 25% that we will touch the low of the previous week of 11067
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a BEARISH trend ( the current price is below those moving averages)
