NQ1! trade ideas
NQ Power Range Report with FIB Ext - 11/11/2024 SessionCME_MINI:NQZ2024
- PR High: 21320.00
- PR Low: 21249.00
- NZ Spread: 159.25
No key scheduled economic events
ATH run continues to 12320
- Could be interesting low participation on US Veterans Day
Session Open Stats (As of 12:35 AM 11/11)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 302.97
- Volume: 27K
- Open Int: 271K
- Trend Grade: Bull
- From BA ATH: -0.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Nasdaq (NQZ2024) - Peek A Boo. I See All-Time HighsOut of the three indexes i analyse, NQ was the last to reach all-time highs.
Will NQ continue to lag?
Nasdaq (NQZ2024) - Better Trading Conditions Is ComingSimilar to S&P 500, we have seen a lot of high resistance periods, making it challenging to anticipate with a high accuracy where the next draw on liquidity will be.
Recently, we have seen a shift in market structure, with $20,398* being the weekly consequent encroachment for this week.
NQ short or longif we break resistance it can pullback and continue all time highs. or it can pull back to the 4hr FVG
NASDAQMy Nasdaq view for the next monday morning. So look up. Liquidity sweep +bearish fair value gap. Looking for downside liquidity.
MNQ1! next weeks prediction MNQ1! will be heading bellow 20,000 to start off the week, and then look for it to grab some footing around 19675.75 for a continued move to new ATHs in October, I'll have more posts coming, but this is just a teaser. Have a good rest of the weekend and I look forward to next week.
I see this happening based on the news cycle we currently have going on, the end of last weeks NFP and job report, in combination with a little bit of VIX charting you'll see being long VOL here is +EV
NQ Bearish for today !8.11.24
Market reached the ATH eventually witch was the targer from yesturday. Currently we are sweeping that ATH, we have 1D bullish Orderflow with a Break Away Gap sitting underneath us and I wasn't going to have the expectations to go for it but the 4H Orderflow is currently not holding and the only thing we had was the last FVG it clearly did not hold and we are creating bearish FVG we already have the 1H ST and if we continue with it we may expect a BAG on the 4H.
Bullihs - nothing to be bullish about. If we want to go bullish I want 1H FVG breaking the highs at least or very high close witch is something that does not look very likely to happen!
Bearish - Well I'd like to see continuation of the orderflow lower that's it.
Something to be awear with NY open to look if we have the FVG on the 4H or it is going to be BAG because this can be tricky right now altough the 1H if it create another exspansion lower with 15m FVGs inside this will be enough for entry!
NQ PULLING BACK AT 21 150It appears that NQ is retracing at the daily gained high level of 21,150, which aligns with the 4-hour gained high as well. This pullback suggests a potential setup for further upside momentum.
NQ Power Range Report with FIB Ext - 11/8/2024 SessionCME_MINI:NQZ2024
- PR High: 21230.75
- PR Low: 21202.50
- NZ Spread: 63.25
No key scheduled economic events
Floating auction in new ATHs
- AMP Futures margins restored to normal
Session Open Stats (As of 1:55 AM 11/8)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 313.43
- Volume: 22K
- Open Int: 270K
- Trend Grade: Bull
- From BA ATH: -0.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Bearish Butterfly I don't generally track patterns such as butterfly's but this one seemed to standout to me, with the coordinates matching up quite well with our fibonacci levels.
Although a bit extreme, the butterfly is showing us a potential upside of 15-20% before reversing it all back down.
This will be something for me to keep in mind moving into the rate cuts, a potential sell the news event.
Let's see how it plays out.
Chart Idea - NQ Swing TradeBeautiful Descending Broadening Wedge formed on Daily TF. Too bullish once breakout gets confirmed.
Entry: 19500
SL: 19000
TP: 21000
NOT A FINANCIAL ADVICE!!
------ DYOR ------
Big correction awaited on US markets As all are in sheer euphoria and waiting for higher all time highs after Trmp election , the market is currently warning those who can listen of upcoming correction , and it might reach deep this time .
This is not about technical analysis textbook patterns and there is much more on this chart than what meets the eye as I tried to simplify it as much as possible.
Bear in mind also the particular context where we are amidst extreme greed in the stockmaket while we are at the all time highs as the fed is about to make its rate decision .
If you are an investor I hope you got my point of NO BUYING RIGHT NOW as it not the time at all so simply wait .
This can even be the opportune time for looking for shorts instead , after a bearish reaction from Interest Rate decision . On the other hand ,closing above 20900 will invalidate the short idea and postpone the correction for later .
In closing wish to leave you with this quote from Warren Buffet :
"I will tell you how to become rich .Close the doors .BE FEARFUL WHEN OTHERS ARE GREEDY .Be greedy when others are fearful. "
CME_MINI:NQ1! CME_MINI:ES1! CBOT_MINI:YM1! NASDAQ:NDX SP:SPX DJ:DJI FX:NAS100 BLACKBULL:NAS100
The correction is nearCME_MINI:NQ1! NASDAQ:NDX SP:SPX
Wait for a deep correction to at least 16250 level , which will be reached probably by the end of this year .
If the 16000 area fails to support price then we might see a significant bearish move that can reach as deep as 10000 , and generally on all US index futures I am anticipating at least a 20-25% correction which could even reach 50% downwards if we fail to find support.
Are you ready ?
BearishBearish attacking true Consolidation.
balanced pice level hit and closed in on 1 HR. waiting for price to displace lower creating a CHOC
Nasdaq’s New Record High: 20,977 PointsThe Nasdaq Composite has reached yet another historic milestone, hitting an all-time high of 20,977 on November 6, 2024. This latest peak underscores the continued dominance of the tech sector and investor confidence in growth stocks.
At BigAskMagnet Institute, we attribute this surge to several key factors:
Strong Earnings Reports from major tech players, including advancements in AI, cloud computing, and semiconductors.
Favorable Monetary Policy, with central banks moderating interest rate hikes, boosting equity valuations.
Geopolitical Stability in key regions, encouraging risk-on sentiment among global investors.
This new high surpasses the previous record of 18,983.47 set just earlier this year, showcasing Nasdaq’s resilience in a dynamic economic environment.
BigAskMagnet Institute continues to monitor these developments closely, offering actionable insights for traders aiming to capitalize on Nasdaq’s upward momentum. Stay tuned as we delve deeper into the implications of this record-breaking performance.
Nasdaq's Historic Peaks: Insights from BigAskMagnet InstituteThe Nasdaq Composite has experienced remarkable highs, including its dot-com bubble peak of 5,048.62 on March 10, 2000, and more recently, surpassing 18,900 in November 2024. These milestones highlight shifts in market sentiment and the growing dominance of the tech sector.
At BigAskMagnet Institute, we analyze these trends to provide traders with a clear understanding of the forces driving market growth. From the rapid expansion during the 1990s to the digital boom of the 2020s, Nasdaq's trajectory offers valuable lessons for investors navigating today’s volatile market.
Stay tuned for more insights as we decode market movements and uncover future opportunities!
NQ 4hr observations 11.7.2411.7.24 4hr chart observations. 200 ema was broken retested. price could not break small fvg below in 20047 area, so a small bear trap was formed. Once price again came above 200, stong bullish run began. still have not tested all time high.
NQ Power Range Report with FIB Ext - 11/7/2024 SessionCME_MINI:NQZ2024
- PR High: 20923.50
- PR Low: 20889.00
- NZ Spread: 77.0
Key scheduled economic events
08:30 | Initial Jobless Claims
13:00 | Fed Interest Rate Decision
14:00 | FOMC Statement
14:30 | FOMC Press Conference
AMP Futures increased margin requirements overnight
- Broke above 20800 daily pivot
- Continuing to auction above previous session high
Session Open Stats (As of 12:25 AM 11/7)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 310.36
- Volume: 24K
- Open Int: 262K
- Trend Grade: Bull
- From BA ATH: -1.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Bullish, but there will be selling to test all support wicks - - Price Target: Expecting price to reach the 1.272 Fibonacci level near 21,052.50, then retrace to find support.
- Entry Point : Looking to enter long at 19,979.
- Invalidation : Long bias is invalid if price falls below 19,818, especially around the 4-hour candle close.
- Note on Wicks : Pre- and after-hour wicks often don’t hold up; they’re likely to get rejected.
First target will be 20,788.50 and final target would be 21,388.25
$NQ Levels 11/6Every single BSL has been hit, except for 1 and our ATH... Let's see how we react from FOMC tomorrow! Chart: www.tradingview.com
Top 5 Weekly Trade Ideas #4 - NQ Supply ShortI'm pretty bullish right now but I can't help but think this is a good short here. VX is near support after getting completely crushed and FOMC should lead to no surprise. Seems like a good spot for this rally to pause. This supply zone was created all the way back in July and this is the first retest. In addition to that, we have trendline resistance in the area as well.
We already had a break below this triangle and it resulted in a big fakeout and reversal to the upside. It may not be as reliable, but if we break below for good I'd be targeting 19.7k as a final target. This week's low would be the first target.
If we breakout above and keep going I would not advise having short bias. I'd be out of puts and looking for longs on a retest.
