NQ - Nasdaq 100 buy support zones analysisHello traders,
Description of the analysis:
Nasdaq 100 e-mini futures ( NQ ) support zones where it makes sense to time long positions. A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
Nq100
NQ 100 There will be no stim before election. This patten is highly likely to happen in all of the major US indices. Q4 for most companies will look like shit.
NAS BULLISH MOVEMENTNASDAQ being in an overall bullish momentum on the Monthly timeframe leads me to only look for long opportunities. Even though the current market sentiments based on the president contracting COVID -19, as well as the recent stimulus package denied by the president, I am still looking for the market to push up.
11572.6 is holding up pretty strong as resistance. This has been the case for an entire month. I'm looking forward to the blue path more than the green, as the blue path will have broken a months worth of resistance. However, I am eagerly excited for both. If the green path plays out, I am looking to buy the NASDAQ around 11380 back to the resistance of 11572.6. If the blue path plays out, I am looking to buy the price after the retest of the major resistance-turned-support at 11572.6.
Nasdaq could see some buying BEFORE BEAR MARKET! Nasdaq was the leading index this year and we found out why pretty recently. The FAANG index was being propped up by nonother than SoftBank with a $5Bn options positions on big tech.
SoftBank got their hands on OTM calls for big Tech which did a few things:
1) Forced the options market makers to hedge the position against them meaning they had to buy the stocks. Tying up about $50 Bn in shares on the big Tech companies. This alone pushed US Tech stock prices higher.
2) Created interest in order flow for large traders that saw the options interest and the transaction quantity somewhere OTM on big Tech which caused buying to take advantage of the potential move higher from the big fish.
3) Caused a rally in tech and piqued the interest of a lot of traders that saw tech stocks rallying, jumping in blindly, or calculated entries for the continued push higher.
Which means the recent sell off was profit-taking from Tech and understanding what had happened and selling. To return major stocks to "value"
That caused the Nasdaq to drop nearly 15% from its highs and it seems that there is more downside to come out even though it seems that the support is being held up for now. Support is now at $260 and the 100-day moving average is very nearby.
If this level breaks we're going to see a temporary bear market in the Nasdaq, as we saw the year prior. We could see a pop into $280 on QQQ before we get the downside though! There is a key resistance there. under $260 and the 100-day MA we will see a big sell stop run into the prior broken top and volume profile block.
The volume is worth noting as well, it's decreasing on every rally. Most recent rally at least, with big sell volume. this is a bear sign.
This is an idea, for educational purposes, that doesn't constitute investment or trading advice.
ridethepig | Nasdaq📍 This is another known position. Breakdown in 5 waves by testing 10,236; 9,548 and 8,859 .
Double zig zag is purely a tactical weapon. It is terribly compelling; even the most sluggish of buyers will be trapped here - driven to cover after the latest breakdown.
We shall open the next chapter in US Equities with four simple charts:
Dow:
S&P500:
Russell:
📌 In the coming sessions we can open up the short-term charts and start adding some interesting positions to the portfolio.
Sellers last move has been interesting of course, not because of the breakdown but because of the blow off top and profit taking that has taken place since. The somewhat theatrical looking pullback is no less imaginative than the move we played together in German Equities (DAX) earlier in the year:
If 8,859 is reached then we have the potential for another waterfall. The final combination will depend on whether we get market closures. As usual thanks for keeping the feedback coming 👍 or 👎.
short the S+P at new all time highDivergence here on the S+P at all time highs, right at the top of the rising wedge.
We also have an bearish engulfing candle on the hourly
Looks good to short down to the break of the rising wedge, stop at ATH
What is the Next Move for NASDAQ 100 Futures?Quite frankly, we don't know the answer. The index continues its uptrend and therefore, hit the all-time high on 18 August 2020.
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From our technical standpoint, assuming the bull-run continues, we are looking at an initial resistance between 11700 and 11841.50. That's a short technical analysis and we shall see what the index is going to do in the next few trading sessions.
Good trading!
From the Desk of NinjaSingapore
19 August 2020
nq100Hello traders, here is the analysis from our team :
Here is a long term projection.
Sell :10870
Target :10670
Stop: 11070
To balance off short term, We bring you long term .
Valid till: 08/14/2020
Let us know in the comment section below if you have any questions.😉