NQ has an IHS forming target is 12700-50Its not a perfect formation, but if we close above today's highs, we should see much higher levels, ideally into 12700-50 zone
Im cautiously long, tomorrow is a crazy day on my cycle chart with a directional change.
Ideally we see one more low and go up into 13th
Have stops
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Nq100signals
NQ is at its resistance lineIts hard to call the bottom call from last night, as I mentioned only my gut feeling of the low being in, as the markets were on the verge of breakdown.
"Its really Do or Die territory. My gut feel is telling me we will hold it, but you dont trade based on any feeling..."
I did take 40 points and run and didnt trade much this am, working on something exiting, hope to share it in a month or two...
So far we have bounce off the 12280 resistance zone, needs above this trend line for real breakout, for now its still in short gamma
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NQ Daily chart, look at the red arrowHere is a zoomed out chart of the previous chart I just posted
Its really Do or Die territory. My gut feel is telling me we will hold it, but you dont trade based on any feeling...
P.S. Dont forget to like my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
NQ testing the bottom of the channel!Markets are testing the most important support levels, NQ here and the ES 3985-3900.
So far if we hold here on the NQ, we should see a strong rally out of this levels, so it's must hold.
Breaking below we should see 10500 imo
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NQ held the lows, first target is 12200, then 12300NQ held the lows after the open and made a higher low on smaller timeframe
- first target is 12200, then 12300
Main resistance is at 12320-30 now, needs above that resistance cluster visible on the chart.
Ideally we at least hit 12700 and I would really want to see a higher high by mid month just to screw everyone out!
A higher high and higher low on Fri makes me believe we have bottomed and should push higher now.
Im long
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
Bear flag after bear flag2 days straight, this is about to break, must hold and gap up from here, or we go down much lower into 12000-30 zone
SPX closed not great as well, in the support cluster zone, tomorrow is a turning day, so can gap down and reverse into the 5th high.
I have already mentioned a possibility of a crash move, have to be super careful!
NQ didnt get a follow through at night, stopped half wayI want to point out this bear flag, both on the ES and the NQ, perfect fib alignment into 12703-20 zone.
Tomorrow is a panic cycle day, will it be a gap down and reversal or we just break down?
My timing for the low is still the 25th and possibly 29th
Will do ES update next
NQ is following the script, such a good boy!NQ main target is 12700-20 as per my last update.
Its not as far any more isnt it
Notes from the last night update:
NQ:
- Tomorrow's important levels to hold at 13100 and especially 13065
- I'm looking for the NQ to hit 12700 zone by the 25-26th on Aug and then a last push to 13900 by Sep 2-6th to finish this move up. This is a bullish pattern I'm watching
- There is also a possibility of a lower high of 13400-13450 off 12700 low. This is a bearish scenario going into Sep.
NQ has a patheway to 12700 and to 13900 after thatIm tracking the pathway of the NQ to hit 12700 zone by the 25-26th on Aug for a last ideal push to 13900 to finish this move up.
There is also a possibility of a lower high of 13400-13450, but I will update on what I see after we hit the ideal low
Tomorrow's important levels to hold at 13100 and especially 13065
NQ quick night updateI have sent a bigger update to those who are on my email list with an updated SPX chart, which I will post tomorrow after I see reaction of my main target.
NQ update for tomorrow:
- NQ Maj support is at 13510, break it below and retested will be a perfect short for a trip down to 13130-200, depending on the time of landing.
- NQ I have also a good fib confluence at 13866-98 and 930+- zone for a possible extension higher. If we hold 510-30, then I would be long for that final move up with a tight stop around 490 or so.
Enjoy!
NQ has a better ABc structure then the SPXNQ went down into the upper trend channel into the close, fake breakout imo.
This move should be over tomorrow if it was not today. My turning day is 4th on SPX and DOW.
There are 2 targets I have on the downside and I favour second more then the first one.
- 12500
- 12075
The low should come on the 15-16th and one more rally into EOM or early Sep to finish the bigger B.
It can stretch into the 14000 zone and should top in between of 50 and 61.8 retracement and fall apart into the Oct low.
Im planning on shorting AH's or tomorrow am.
NQ must hold 11500-30 zone! Bullish setup into the EOMNQ is setting up a fake breakdown imo and should be stopped at 11530 zone, 11500 is a must hold for today for any bullish setup going into the EOM
Im expecting a good size rally starting today or tomorrow am, so a long setup from a bit lower is something what Im looking for