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Nq1!short

NASDAQ Time for a Correction?NASDAQ Time for a Correction? The recent events in the financial markets have highlighted growing uncertainty and the potential for a correction in the NASDAQ. A thorough analysis of both fundamental and sentimental factors provides valuable insights for investors looking to make informed decisions. Technical Overview This past week, NASDAQ failed to surpass its recent peak, marking a significant technical signal. There is a strong divergence appearing on technical analysis indicators such as RSI and MACD, suggesting a potential trend reversal. Macroeconomic Events The upcoming week is set to bring several key events that could significantly impact the markets: Tuesday: Fed Chair Jerome Powell is scheduled to speak. Recent statements from Fed officials hint that Powell may adopt a hawkish stance, potentially leading to further pressure on interest rate hikes. Wednesday: The release of the ISM Services PMI for June and the FOMC Minutes. These reports could set the tone for the markets in the coming weeks, offering insights into future monetary policy directions. Friday: Non-Farm Payrolls data, eagerly awaited by the market. The results could influence short-term economic expectations and future Fed decisions. Seasonality and Sentiment We are entering a period of seasonal stagnation and potential correction, which is typical in a U.S. election year. Market seasonality often affects investor behavior, leading to greater caution and reduced activity. COT Report and Market Sentiment The Commitment of Traders (COT) report indicates that 47.12% of funds hold short positions on NASDAQ, suggesting a bearish outlook among major market players. Additionally, retail sentiment is also negative, with around 60% in short positions. To avoid being on the wrong side of market sentiment, it would be preferable for this sentiment to drop to lower levels. The current situation on NASDAQ is fraught with uncertainty and potential challenges. Technical signals are warning of a possible correction, and upcoming macroeconomic events could bring further changes. Seasonality and market sentiment also indicate potential difficulties. Investors should remain cautious and be prepared to adjust their strategies quickly in response to evolving conditions.
CAPITALCOM:US100Short
by InvestMate
3
NQ-M2024: Q2 positional short trade setuphello TradingView members, after all kinds of analysis done, when possible future events taken into account, now it is time to translate into risk management analysis and bias. this is related only to the current leg, we may go lower than the target as long the stop-loss is not triggered. the idea is about sharing this setup is to allow also others to consider a possibility, to think about a scenario that may mature into the right trade setup. do not treat the whole as holy bible but as risk management practice for a bias. it is just an idea. personally, I do trade this setup also in narrower time frames and I would scalp in addition during the process, but each person has own strategy and own approach to the market and trading the market. feel free to comment, try to do that in a productive manner, so the oversight over this idea would allow fine tuning and improvements. let us see how the market to show this setup in a hindsight. again, feel free to comment and to contact me directly. sincerely, all the best, Fluke
CME_MINI:NQ1!Short
by FlukeTrading
NQ Weekly Lower High?If you remember from back in October 22' - The economic news media was on full panic mode. If you only listened to them, you would have been closing positions and preparing for more downside. Smart money did the opposite at that time. 1-5 Elliot Wave is something I had posted during the Oct 22' lows, expecting large demand at those levels. Now we are almost a year into the future, and about 40% higher from the lows created last year. The economic news media is calling for ATH's, soft landings and it seems hard to believe. Another interest rate hike is right around the corner on Wednesday with 98% certainty, along with mega cap tech stocks earnings. Do we form a lower high? Not sure, but it would really start to look good for people selling options moving into the bloody months of Sept and August. A move lower from these levels is starting to get more and more probable, and at some point, every bear is right. I am not a perma bear, I just believe that some mega cap stocks (NVDA) are completely disconnected from reality and a correction to some big names could leak into other tech stocks. Be prepared, and good luck. Thanks,
CME_MINI:NQ1!Short
by vincefromaspects
NQ1! Will Go Down From Resistance! Short! Take a look at our analysis for NQ1!. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 14985.75. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 14352.50 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
CME_MINI:NQ1!Short
by SignalProvider
8