Day Trade Market Condition apr 24, 2023this is apr 24, 2023 levels for NQ ES CL BTC
watch the table left side for trade, right side for trend
NASDAQ 100 E-MINI FUTURES
Nasdaq H4 Action Areas For The Week AheadIn this update we review the recent price action in the emini #Nasdaq futures contract and identify the next high probability trading opportunity and price objectives to target
NQ1! NAS100 NASDAQ 2023 APR 24 WEEKCME_MINI:NQ1!
NQ1! NAS100 NASDAQ 2023 APR 24 WEEK
NQ continued to rotate. No trades from last week per scenario1.
Weaknesses have manifested, so if you are holding long, may be
a good time to take profit during this toppish structure.
Possible scenarios:
1) Market stuck in a 250pt range, wait till supply/demand is
resolved
Then:
2) Breakout of upper boundary to test 13740
= long at support of upper boundary of range
3) Breakdown of lower boundary of range
= Short on rejection of 12950
4) If you can't live without trading, you may look for long on
support between 12950-13040 | Short on rejection
between 13350-13212
Volume Analysis:
Daily: With the increase in supply volume and toppish market
structure, this may usher in another round of distribution
(i.e. selling)
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14361 13740 13550
13316 12950 10710 - 11068
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Have a profitable trading week ahead.
NQ UpdateReally odd, RTY mFI is moving down but NQ is actually headed towards overbought again. I guess there's just too much money floating around for the market to drop at all. People buying the dip on garbage like PTON.
With RTY and NQ MFI going in different directions, I have no idea what happens here towards close. Staying cash.
Chances are pretty good that next week winds up being a whipsaw week on earnings,.
NASDAQ: Consolidating. Breakout and pullback levels to considerNasdaq is consolidating around the 4H MA50 for the past 2 weeks with 1D technicals turning neutral (RSI = 54.883, MACD = 132.650, ADX = 34.947) for the first time in 1 month. The LH trendline on the 4H RSI hints to comparisons with the February consolidation. That pattern broke under the 4H MA200 to the 0.5 Fibonacci level and then rebounded.
Consequently, we are either buying a potential breakout over the consolidation Channel or a pullback near the 0.5 Fibonacci. In either occasion we target the R1 (TP = 13,750).
Prior idea:
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NQ UpdateMFI dropping fast but so much dip buying there's not much money to be made shorting. Just more whipsaw. Today is Ponzi 401k payday Friday, so afternoon will probably be more whipsaw as well, futurss appear to be selling but the 401k funds will buy. Options expiration will add to the whipsaw.
Bearish for today but not expecting a tank. MFI should hit oversold Monday or Tuesday, BTFD, but as a quick one or two day play. Gap direction will be determined by earnings, might just stay out.
NQ UpdateMFI didn't hit overbought as I expected, probably just more whipsaw today.
Staying out unless I see a daytrading opportunity.
Day Trade Market Condition apr 21, 2023this is apr 21, 2023 levels for NQ ES CL BTC
watch the table left side for trade, right side for trend
NQM2023 Chart for 4/20-4/21 S/D LevelsWe had lots of movement for bulls/bears today. For upside, still looking for a strong break up and close over 13227 (5M supply) into 13278 zone. For downside, I am looking for a pull through 13023 LOD and close under it. We have large demand area starting at 12998 to 12957. There is an overlap in this demand zone with multiple time frames so it would be interesting to see buyers step in there. Right below this area you can find a 3 hr demand waiting as well.
Staying neutral tomorrow entering the market.
NQ UpdateMFI almost overbought, I expect it to get there premarket tomorrow.
If you look at the chart, it's gone sideways for an entire month. Unless you're good at daytrading this whipsaw, no money to be made. I think the market is waiting for MSFT/GOOGL/META earnings next week.
At this point I just want the market to DO SOMETHING, lol. Enough sideways crap.
NQM2023 Chart for 4/19-4/20 S/D LevelsTesla Earnings were a no-go and we see a pull to the downside. Lots of liquidity below, looking for a break of 13120 and hold a close below for a bigger move down. For upside, I want to see a break and strong close over 13227.
I hope you guys are doing good!
Day Trade Market Condition apr 19, 2023this is apr 19, 2023 levels for NQ ES CL BTC
watch the table left side for trade, right side for trend
NASDAQ TRADE IDEA - A BREAK?Crown Club managed to maximise the sell off yesterday on the Head of the head and shoulders pattern.
The market has been crazy moving sideways - the volatility is mainly caused from earnings and the wait of what the FED will do at the next FOMC meeting in May - remember that all the evidence we can gather now on where interest will be in the next FOMC meeting will influence the markets.
'Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time' - As a member of the FED, this statement from CNBC could potentially lead markets further down and with earnings out now we could see a potentially good window for investors and firms to grab profits while stocks are "doing good" - majority of retail traders would follow direction of the market and news, what do I mean by this?
If APPL does good with earnings you would expect price to go through a bull run, all though this is still a possibility I see this as an opportunity for BIG investors to cash in profits - hence the recent volatility and consolidation.
Be prepared for a lot of fake out and sl sweeps this week.
NQM2023 Chart for 4/18-4/19 S/D LevelsPrice action is super choppy lately. Many earnings this week, but still looking for either a push back into the (2) 5M supply above or the HUGE 1HR/2HR demand zone below.
NQ UpdateActually looks like MFI is still headed to oversold.
I guess we're shifting into tech. Not sure I really want to bet on NFLX earnings though. Gotta assume it goes oversold before market open tomorrow, and NFLX dictates teh gap direction.
Day Trade Market Condition apr 18, 2023this is apr 18, 2023 levels for NQ ES CL BTC
watch the table left side for trade, right side for trend
ES+NQ Bullish
