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NASDAQ 100 E-MINI FUTURES

NASDAQ 4H Buy signal within the Channel Up.Nasdaq (NDX) is breaking above the 4H MA50 (blue trend-line) again following a Bullish Cross on the 4H MACD and it needs a 4H candle closing above it in order to confirm the continuation of this bullish move. If confirmed, it will technically be the extension of the new bullish leg of the short-term Channel Up towards its top (Higher Highs trend-line). As you can see, both previous bullish legs have started right before a 4H MACD Bullish Cross and since the price already bottomed on the Higher Lows trend-line and the 4H MA100 (green trend-line), we have a strong mix for a buy signal, which is just waiting for the above mentioned confirmation. Our target is Resistance 1 at 15930, which will be a +5.30% rise from the bottom, similar to the previous two. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
NQ1! 9/10/23 Supply and Demand LevelsLink to chart: www.tradingview.com Heavy news this upcoming week and the rollover for Futures contracts on 9/13. CPI falls on 9/13 as well, so prepare your charts accordingly! Given the rate we are at for inflation and the housing market supply/demand, I am preparing for either a push to break this wall of resistance we have been facing the past few weeks (pink line) or a break of the blue trend line below. EOW Targets: BULLS 15730-830 or 16000 BEARS 14800 or 14990-15100 If you zoom out and look at the HTF (4HR), we have a possible head and shoulder from June to today. We also see constant support off the blue trendline for that continuation to the upside to reach the head. It's a waiting game, let's be patient to find out what happens this week!
CME_MINI:NQ1!
by tradeswithjess
2
Weekly Update: We Hear You and Choose NOT to ListenIf you’re a parent, you’ll certainly understand that children do things despite being told not to. Is it out of curiosity? A rebellious nature? An issue with authority? Or my favorite, they know more? Yes, yes, and yes. It could be those answers or a variety of other reasons. Nonetheless, we don’t expect market participants to act like children. Maybe as adults, some of us never grew up and continue to do things for the same reasons we did as children. Impulse control. Patience. Some of the hardest lessons to learn, and undoubtedly can also be the costliest. I recently read an interesting article trying to make sense of why the market has been up since March. In this article an individual, Michael Darda, with Roth MKM is quoted as saying… “ The equity markets are ignoring the bond markets and that is a mistake ”, says Michael Darda, chief economist and market strategist at Roth MKM. “ I (Darda) examined seven-decades of the yield curve and how it relates to the business cycle and equity market performance. I found there have been 12 inversions since the 1950’s. Importantly, during these occasions the inversion was shown to have preceded the eventual recession by a wide range of between seven to 25 months, with an average lag of 14 months. What is more important is my research shows based on news articles for each of the 12 previous inversion cycles, the narrative of a soft or no landing thesis was prevalent. Upon conclusion of the cycle these narratives were proven incorrect .” In my trading room I constantly rail against CNBC. Nowadays they only serve as a mouthpiece for money managers talking up their books or interview anyone with an incorrect, albeit intelligent sounding narrative. Very little push back from the hosts...(ahem, I mean entertainers). As I have mentioned many times to my members, I’ll never know what the catalysts are that tend to fulfill on my analysis…however, they tend to show up on time. But as an Elliottition, I’m fascinated by the behavior of large crowds, and when they act in a manner that the EWT analysis forecasts…it never gets old. To this day, I’m still blown away on how price can go directly to a particular Fibonacci level and reverse, or bounce. On Friday we hit a dozy of a Fibonacci level in the indices, and this upcoming week, we should have a front row seat to witness just how bad it is. But in a broader context I find myself asking the question. If the market has told its participants in 12 of the past 12 cycles that a particular outcome has happened, why would market participants choose to ignore this one? Equally baffling, why would the same narratives be resurrected to validate the flawed perspective? I simply do not have answer. However, I must offer my most gracious thanks to those crowds of traders who continue to act in a manner that defies rational thought…. Nonetheless, is highly forecastable. I thank you irrational traders. My family thanks you…and on behalf of many of my members…keep doing what you’re doing. Rock on. Best to all, Chris
CME_MINI:ES1!Short
by maikisch
11
Will the Bears get Bold?As many of you may recall I recently posted that the areas of ES 4250-60 is my next target. What happens there will determine the price action for the remainder of 2023. You can read the post here. However, from a sentiment standpoint, we look next to see if boldness develops on the part of the more bearish thesis. To breach the 1.0 on the ES in any meaningful way at 4250-60 brings the ES 4150 into view for minor wave 3 of intermediate degree wave 1, which would then conclude around the 4040 area before getting a wave 2 bounce. First, let's see if the bears develop a bold sentiment. Best to all, Chris
CME_MINI:ES1!Short
by maikisch
NASDAQ: Aiming at 16300 after this short consolidation.Nasdaq is on the fifth day of consolidation in a row, with the support of the 1D MA50. The 1D timeframe is on bullish technicals (RSI = 57.978, MACD = 55.620, ADX = 42.134) as the Channel Up since the start of the year is still intact. In fact the recent Bullish Cross on the 1D MACD has print a similar pattern to the March 13th bottom on the HL trendline of the Channel Up. Consequently, this consolidation is similar to the 10day one from March 17th to 28th, both over Fibonacci 0.618. We consider this a buy signal, and we aim a little lower than the 1.382 Fibonacci extension (TP = 16,300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
4
Evening Update: What Worries Me in the Short Term?It’s not the Fed. My perspective is Chairman Powell has been fairly clear in his updates to the markets. The markets simply don’t want to hear any of it. It’s not bonds, or interest rates. Those are trackable and I have posted on the 2yr and 10yr bond yields. Yields are creeping higher and have done so since the October lows. It’s also not corporate earnings. If NVDA couldn’t save the Nasdaq…then all hope is lost. Well…not all. Lol Nope, it’s none of that. It’s the potential for a government shutdown with an October 1st deadline. Is that going to be our catalyst? In truth, I don’t know. But according to CNBC, since the United States is in a Presidential election year, the stock market can’t go down. Have I mentioned CNBC is more detrimental to trading for profit than anything. I have long contested that the US markets are in a multi-generation reversion to mean cycle. In EWT terms…a super-cycle wave IV. These excuses mentioned above, are all the old paradigms of a 100-year-old bull market which carved out our super-cycle advance in what I am forecasting as a super-cycle wave III top that occurred in January 2022. If my analysis is correct, (and it is by no means a slam dunk as to where we are right now in the indices)…the January 2022 highs will NOT be revisited for a long, long time. In the short term, let's see if the US Congress proves Fitch's downgrade of US Debt was warranted. Best to all, Chris
SP:SPXShort
by maikisch
2
NQ1! NASDAQ 2023 SEP 02 Potential WeaknessNQ1! NAS100USD NASDAQ 2023 SEP 02 Neither scenario manifested for last week, didn't manage to trade. Daily vol analysis still shows that Demand < Supply, while weekly analysis may be pointing to potential buying climax, which further weaknesses must be manifested in order to substantiate this story. Possible scenarios: 1) After weakness on the last 2 bars, short if channel or 15547 is resisted 2) Or short from 16030-15900 zone 3) Long on retracement if channel support is obeyed Price Reaction Levels Short on Test and reject | Long on Test and Accept 16030 15547 15049 14635 13960 *Longer term: 13350 support must hold for long trend to be intact. Price/Volume/Trend Analysis: Weekly: Ave vol up bar close of high = NTC minor weakness Daily: No supply up bar followed by S>D bar = PTC weakness *NTC = Non-Trend Changing | PTC: Potential Trend Changing Like and follow if you find this useful | *For education purpose only. Have a profitable trading week. CME_MINI:NQ1!
CME_MINI:NQ1!
by paradox677
Weekly Update: 4256 Remains the Next Target DownThe area of ES 4256 is welcoming to all who have a trading thesis. Whether you're bullish or bearish, that remains the short term target for SP500 Futures. Once that level is reached, it becomes a jump ball. In the above chart you'll notice an impulsive 5-wave count down labeled in BLUE, and an orange count labeled abc with an arrow pointing higher. The 4256 area is of the utmost importance. The outcome of bouncing or failing decides the direction for the remainder of 2023. Enjoy your Labor Day Weekend. Best to all, Chris
CME_MINI:ES1!Short
by maikisch
5
NQ1!, Market Keeps on TeasingIn the most recent action the price has managed to get back into the upside channel. Whether there is a real demand or just lack of supply remains to be seen. As of now the price has retested the 61.8% retracement of the bearish swing and failed to accept that level on first test. My focus is on the next level below the 50%: if it holds we may see the upside continuation to the channel mid, if not than the 23.6% is the next downside target. In the environment with high level of uncertainty focusing on small areas is a mechanism to protect yourself from a headache. 09/02/2023
CME_MINI:NQ1!
by SviCapital
1
NASDAQ All going according plan, ATH by the end of the year.Today we make an update on our 1W time-frame Nasdaq (NDX) outlook on the analysis we published 2 weeks ago: So far the price action is materializing our projection, as the index priced a bottom near the 1D MA100 (red trend-line) two weeks ago and is rebounding aggressively, in similar fashion as the September 2020 fractal. Similar 1W MACD Bearish Cross and more importantly similar 1W RSI rebound within same Rectangle levels. If the pattern continues to be repeated, then a marginal breach of the 0.786 Fibonacci could deliver a new sharp pull-back to the 0.236 Fib. Weekly candle closings above it should keep investors interest intact and resume the uptrend, eventually to the 1.786 Fib extension and the 16770 All Time High. We are expecting this to take place towards the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
6