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NASDAQ 100 E-MINI FUTURES

NQ1! Filling the Right ShoulderBacktest of the broken balance, a confirmed Head and off to the Neckline - is the current theme for the market action. The Right shoulder of the projected H&S is being formed. Market is searching for the shoulder bottom. It may reach the lower edge of the channel, confluence with a yearly inflection level. I don't expect a breach of the Neckline soon. My anticipation is that the price would stay inside the Right shoulder for awhile similar to the Left shoulder and offer 2-sided setups for the traders. 08/12/2023
CME_MINI:NQ1!
by SviCapital
NAS Outlook 8/6NAS left a number of relative qual lows late last week. We are expecting price to want to trade below these to accumulate buy positions before ptonetinally expanding to take out last week’s high. There is a daily OB below price that may support it. the July open price is also at these levels. Interactions with both of these levels can be interpreted as short term discount pricing. From a macro perspective there is a weekly FVG above price that may be acting as a magnet for higher prices. This is added confluence to the expectation of bullish expansion.
FX:NAS100Long
by akhena10fx
NASDAQ Moving LowerLooks as if a double top has formed after the recent melt up and a secondary trendline has been broken (solid yellow). Used RSI and OBV here to show the deviation from the price action solid red). The current trendline of the RSI has broken down and has bounced lower off the 50 level while the OBV sits right on it's current trendline. Price action has seemingly failed to make a higher high and is accompanied by higher recent selling volume. Current support levels are shown as dashed lines (yellow to red) With the red box being the strongest support and current target. The Short Term - Looks as if we return to the primary trendline of the melt up (teal solid) to see if we get a breakout or a fake out. Mom's allowance money for this week says we make that move lower due to the above analysis and since RSI was rejected off the 50 level. The Long Term - Shows price action moving back towards and testing the 200-day MA with the battle between the 50-day and 200-day to follow afterwards. Death cross = doom and gloom, bounce = hao in the NHL did u guise pull ths off? TDLR; Bearish Deviations - Price action moves down to the teal solid line then towards the 200-day MA. Red box is the current target. Stay tuned to see how mad mom gets if the market takes our allowance money. None of this was meant to be financial advice, but still seems pretty legit
CME_MINI:NQ1!Short
by Seems_Legit_Research
NASDAQ hit the 1D MA50 for the first time since March!It's been almost 1 month since we last gave a signal on Nasdaq (NDX), hitting the 15900 target (chart below): The setting is different now, as the index hit yesterday its 1D MA50 (blue trend-line) for the first time in almost 5 months (since March 15). This isn't a buy signal yet as yesterday's 1D candle closed marginally below it. Another candle closing below it, will be a sell signal targeting the bottom of the long-term Channel Up pattern and Support 2 at 14690. That will be an excellent buy entry (target 15950) but will be invalidated if the price closes a 1D candle below the 1D MA100 (green trend-line), in which case we will sell again and target Support 3 at 14240. If however we get a 1D candle close above the 1D MA50 before a second below it, we will buy instead and target the 15950 Resistance, as in that case it will look like the March 13 bottom fractal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
4
NQ1! Back test of the Broken BalanceThe week has started from a bullish retracement. From a technical perspective we see a back test of the channel mid and eventually a back test of the broken multi-day balance. The sentiment remains bearish. A retest of the previous session high would be a warning sign for the shorts. My expectation is to see a holding pattern ahead of the inflation data. Being in the upside channel is bullish and this is the reason the market is being resilient and does not drop like a rock after breaking the balance. 8/7/2023, pre-market
CME_MINI:NQ1!
by SviCapital
NQ1! Supply and Demand Levels 8/6/23 (15MIN TF)Link to chart: www.tradingview.com Looking at the higher timeframe, we hit a ceiling of multiple rejections to the upside. On the /ES, we tapped into the 2022 highest resistance and we were immediately shut out. Coming into this week, we do have important news that can rampage the numbers and volatility. I am not planning to trade much but I wanted to share the levels on my chart that I am watching. Based on the pattern formations we can have a double top on the daily or a double bottom on the 4HR, and with news it may push 1-3% change. Following the pivot points on the 4HR as well. EOW Possibilities: BULLS: 15735-15900 BEARS: 15020-15166
CME_MINI:NQ1!
by tradeswithjess
NQ1! NAS100USD NASDAQ 2023 AUG 07 NQ1! NAS100USD NASDAQ 2023 AUG 07 Last week, Short from 15904 resistance was good. On weekly TF, market has closed below trend line. Watch market's reaction to the trendline. Possible Scenarios: 1) Short on retracement / rejection of 15511 level 2) Market does a spring and returns into rotation (grey box area), and target can be 50% of rotation range, or trial to upper boundary of rotation Price Reaction Levels Short on Test and reject | Long on Test and Accept 16029 - 15904 15511 15118 *Longer term: 13350 needs to be supported for long trend to be intact. Price/Volume/Trend Analysis: Weekly: NTC Ave vol down bar, and bar also closed below weekly trendline Daily: NTC ave vol down bar | Lower High *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!
by paradox677