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Nq100

NQ has a chance to push hereUpdated chart Needs to hold the broken trend channel, ideally we re-test the broken down zone of 260, might not get as far if this is for real. Has to take 188-90 for the 260 become next main target New target to hold is 12030+- Very important to hold! I dont want to be in a crash mode, but no one expects it makes it more probable. So be careful! P.S. I like this downtrend channel, much better then another bear flag, when we break it, we can finally be moving. 12030 target looks good for the touch of the bottom trendline
CME_MINI:NQ1!
by RealTima
SPX/SP500/SPY bull or bear?Wide look - 1994 - 2022 massive broadenings that can range 35-50% drawdowns. A widening in price indicating volatility triggered by macro and micro events. This year's high to low 25% or 1182 points on the SP500. On the daily inside this 8 month broadening pattern - while we've seen rally's and flushes, all it did was build up this pattern. Zero volume analysis here of which move was real which wasn't, just look at this 30 year fib channel and how price moved by forming massive consolidations and reactions on each tier. Daily - Tight spot leading into this week. For the bulls - a breakout of this formation with a pullback retest could indicate a sentiment change. While strong rally into resistance there is also a potential bearish butterfly harmonic at play for the bears. A rejection at resistance would be validating towards the harmonic. No confirmation of a reversal point yet simply because we need more candles to see and nothing is certain until a candle closes. If butterfly valid - retrace to a 0.5 (3982) is first thing to look for. Could bounce could see continuation lower and ultimately the 1.618 (3216) measured move assuming it retraces through 1.0 (3639) If breakout, retest and hold - would be looking at some weekly supply reactions starting at 4541 and then above areas towards previous ATH. Watch it day by day as there's no way to guess what actually happens when you hit demand or supply/ support or resistance. There will be buyers/sellers waiting there but it's dependent in the end if one side overcomes the other and pushes it through the zone. Also note - overall trend above the 200ma and candle on the 40ma
TVC:SPX
by kenloi