Ndx: Happy President's Day#nq It's 12am, the holiday continues due to the president's day and I thought, "make a video before you crash". Yup, I marked some levels on my chart as you can see.
These are levels I'm looking at. The Nasdaq100 is currently at the end of both the daily and hour 4 channels and I don't know what this means for the bulls. Two possible scenarios involves the market creating support and a possible divergence while bringing the bulls backs or it breaks and resistance is created whilst going for the 13k mark.
What's it going to be? Huh..
Levels:
Toc-14700
Moc-14300
Eoc-14000
Again, Happy president's day.
Nq_f
$NQ Top is In on the 1M - $9007$NQ top is clearly in on the 1M chart. Bearish engulfing candle with key resistances needing to be retested. The global economic picture is becoming more gloomy as the US defaults on its debt for the first time ever this winter (2021).
As an investor and avid study of the markets, I look for value buys with high probabilities of long term triple digit returns. I will look to back the truck up in $NQ at $9007, until then every bounce is just a distraction.
- PennyBags
CME_MINI:NQ1!
Ndx Trade Review: Trust, Timing, Target
Hey y'all, so for my trade review today. I speak on trades taken, what I discovered from them, that is, the lessons learnt. What I need to work on moving forward and what I've let go of. Be sure to watch the whole clip to get better at trading. Leave a like, comment how your trade week was and follow me. I'll love that. Appreciate y'all.
Lazyluchi.
Ndx Watch Hour: Drop Base DropOn Friday, we got a double top pattern after the failed double bottom couldn't get past the 15050 in Nasdaq 100. The bears pushed past the 14200 zone with a bearish pull manifesting afterwards.
Today (pre-market) the bears keep leaving trails when a Drop-base-drop supply continuation pattern shows up, the question now is---where's the new supply zone going to be at and do we get a ride to 13030?
Be sure to follow me and smash my like button to stay in touch with my updates..
Streams are coming!
P.S: Happy Valentine's day
Lazyluchi
Ndx Trade Review: Top 3 Lessons
Hey there, so last week was actually filled up with lessons. I discovered my weaknesses and applied my strengths. Lesson learnt. Watch to figure out which weakness was discovered.
P.S: I've started streaming. Try not to miss my streams (live trading, analysis and education)..
Leave a like, comment and follow to keep up.
Lazyluchi.
NQ: Catching everyone off guard and ready to rocketI have rarely seen so many analysts on Tradingview turn bearish on NQ. Guess what... It is most likely a trap. The trendline is holding and so far the structure appears corrective - respecting the appropriate fibonacci retracements. This means there is a potential setup for a sharp move higher into 15,700 - 16,000 as long as the lows hold.
Ndx: The Double Bottoms Are Slowly Forming
Alright guys, we're currently in the 4th stage headed to the 1st. The hope/optimism stage. The buyers are probably re-grouping. Nasdaq100 is struggling at 24th of January, 2022 Supply zone at 14650 after a break past the 4th of Feb. 2022 supply zone at 14800. If support becomes resistance, these bears would be back to take on the 13800 ride. If not, then we'd have our W and the bulls will be ready to ride to 15000 and 15400 or more.
Wat's it going to be.
Remember to follow me for more updates, like and leave comment.
Cheers,
Lazyluchi.
Ndx Watch Hour: Accumulation Or A Bears Distraction?Hey! it's Monday meaning we have to watch to know what story the market's telling this time. Well, two stories as usual: The buyers accumulating or sellers distributing Wonder what story turns out successful this week? Watch to know my view. Also, I'll be dripping nuggets underneath this as well. Do me a fave, like this, leave a comment, and follow. Means a lot
Lazyluchi.
NQ (NAS100): simple positional theme tradinghi, hello fellow traders,
two areas were highlighted on the chart, to spot the attention to the possibility that local bottom just took place.
all in all, after that local bottom is created and calculation of the magnitude of the downside that brought us to that local low, target for the long set @ 15055.50
strategy: scale in (== refill) scale out (== book partial gains) as long the target did not reach. trade the LONG side of the market.
when target is reached, we will look further.
good luck
Ndx Watch Hour.. A New Mark 14800-15kAlright t's 12am and I decided to stay up to make this one. It's so that everyone can follow up.
The market paid the 15th of July and $th of October,2021 demand zone a visit... It's a 14500 visit.
Two things: a pullback for more sellers or a reversal..
But, I have my spots---The first: the demand level at 14500 which if not enough buyers, takes us to 14,000 and even lower to the 14th April and 15th Feb. supply zone at: 13200
It's a lot of information be sure to watch the entire clip to catch up.
Also, Thanks for the growth. If you find my content informative---leave a follow, like and comment.
Have a great week,
Love...
Lazyluchi
NQ1!, Watch for a BounceThe market is in the process of establishing a short term bottom, which is part of the bear flag formation pattern . Once the low edge of the flag is set - expect and automatic rally to set the top of the bear flag. Make no mistake this is not a reversal. The action often referred as a relief rally. Once the top is set expect a consolidation within the flag. This is the market action 101.
Technicals on the daily chart (macd, rsi, projected swing expansion) support a short term bottom.
The next week is full of events that would keep the volatility afloat: FOMC, big tech earnings.
The expected weekly move defined by the option market is: 13975 - 14845. The market remains inefficient, so that range may not hold.
The intraday traders finds this market regime very favorite. Setups are offered for both sides despite the overall bear trend.
Good luck!
Follow me on twitter for daily updates and intraday charts.
01/23/2022
Ndx Trade Review: Swing Gone RightIt's Sunday and I remember how much growth I've made ever since I started reviewing my trades. Most don't know---but reviewing trades makes you self-aware... Your thoughts, emotions... You become aware of everything.
Self-control and self-awareness are the most important skills a trader will need. I found my self holding trades that made me catch a 1000 pips for the week. It took 7 days of waiting which is new to my trading. I've also discovered that allowing stops and target hit puts you in a place of knowing exactly what is missing in your trading. Be sure to watch and learn to review your trades.
If my contents have helped you so far be sure to leave a like, follow and comment also---tell your granddad about me :)
A Nasdaq100 HistoryNasdaq100 this bad girl was born on 8th of February, 1971. At that time, she was worth just—$708.16. Chilling, I mean she’d go to every bar to flaunt her beauty, such a tease!
The babe needed the whole world to know she existed. Guess what? she got noticed.
Everyone started to pay attention—street guys, thugs, jay-walkers name them… a sad turn-of-event, In 1973, Yup! the mama crashed. 400 points were deducted from her (stock market crash) net worth. These notice-pad took advantage of her. Bad timing if you ask me. As an observer, The deduction came after the collapse of the Bretton-woods brothers system accompanied by the October 1973, oil-crisis. Like I said, “a sad turn-of-event”. Anyway,
It only lasted for a year but took months (11 months) though. Nas100 came back with a surge—I’ve never seen that kind of glow up in years. The beauty that she is—doubled her net worth by 5580 points (December of ’74-September, 2002).
Honestly, like I muttered, “never saw that one coming”.
Nasdaq100 Humpty-Dumptied
In schools, they usually said, “Humpty-Dumpty sat on the wall, Humpty had a great fall…” Right? I mean it’s been long—but Ndx… as she likes to be nick-named, decided to be the next humpty… thinking, “if she crossed her legs, her fall might be posh”, Oh, no miss!
You got served.
Ndx—didn’t just fall, I think she crashed. You know that 5,580 points she gained? It vanished, by—3,000 points lower. This time, it was a freaking bubble gum called “dot-com” like… who even chews bubble gums on walls. Hearing that story just made me so mad.
The clouds were clear actually, sirens of blue-red were all I could see. Nq (another nick-name try to catch up hun.) stayed in the hospital for—Two and half years before… she could walk again.
The popular big wheel-chair in March of 2003, is the talk of town. Apparently, Nasdaq100 came to school in style. She tried to gain her place but failed terribly, “again”. At this point, no-one cared. Her worth barely got past $4,000.
“A resilient one”, I must say because, Nq never gave up.
An Unexpected Nasdaq100 Growth
Four years after, Nas100 is still struggling. We all took turns to visit—now we were concerned. Depression came knocking—in August, 2007, her net worth went back to $2,000. This time around it was a bank problem, They called it, “The rejection of the bank bailout bill by the congress” Whatever that meant. The news travelled wide that—we couldn’t help but see how she was faring.
It lasted till February, 2009. Surprisingly in 2018, she was back to school. This time: the glow up was unbelievable—her net worth went from $2,000 to $16,600. I mean, for a moment… I’m actually lost for words till this day.
Currently, she has about 100 companies in her name; all of which aided to her massive growth. According to history, that’s actually why she’s called “Nasdaq100”.
Hey! Jamal, did you like my story? Are you sleeping, what the hell—wake up!
Ndx Watch Hour... A New Bearish Pull?According to the chart below, you can tell that you need to actually watch this clip to get it right?...
Anyway, last week was bearish and now we're seeing what looks like a double bottom the question now is---Are the bears done?
Well, that depends on the Higher low at 15300 right?
If you admire my feeds, leave a like, comment and tell your neighbors to follow me ;)
Ndx: 16000 Is The MarkHey y'all, so---I'm still waiting for the train Cos' honestly it's been a bit confusing. The over-all trend is still bullish but, I need to buy at a good price. The nasdaq100 isn't giving that. The hour-4 kind of gave a great pull that I missed out on. Well, that's the disadvantage of my strategy You miss it, you got to wait for another train.
16k is still my mark. It determines the next step!
In this video, I explain all that I'm expecting. Be sure to watch the whole clip!
If my work is something you admire, be sure to leave a like, comment and follow.
I'm forever grateful!
Ndx: Wick Fill Or NotSomething great happened to me---I lost a trade but the reason I said it's great is---it revealed to me what I needed to do personally. My ego and intuitions get the best of me sometimes. Which I know I need to work on.
Either way, I also took the trade because of a daily wick fill I believe might happen. Not expecting though I'll just wait for the market to decide...
Then again, let me remind you of the kevels.
Bulls---17200, 16400 and 15600 (mid)
Bears--14400, 14800 and 15200 (mid)
The bulls are at the strong stick now but since there's a wick, the bears might just be back...
Remember, this is my journal so I post everything and talk about everything.
Follow me to be more enlightened or not if you think trading isn't for you. The question is, are you honest with you?
I'm brutally honest and the truth hurts so only follow me for the truth... That wasn't even ego speaking but you get it though.
Ndx: What The Side Channel Sayshey y'all we're currently in a channel... "side-channel" with 16000 serving as the mid, 16771 top and 15580 it's bottom.
Be sure to use this as a guide.
In that---if the 16000 serves as a resistance, then these bears would be back and vice-versa.
In this video, I explain all that I'm expecting. Be sure to watch the whole clip!
If my work is something you admire, be sure to leave a like, comment and follow.
I'm forever grateful!
Final move of NASDAQMy global EWA ( Elliott Wave Analysis) view for the Nasdaq index suggests that after the corona flashcrash (Feb, 20 - Mar 23 in 2020) a flat correction formed and index started a new wave.
For now I'll only consider the current wave, because the question of the highest degree can take us to another discpurse, which at the moment are of secondary importance.
So, I guess that Nasdaq from Mar 23, 2020 till Sep 2, 2020 formed Wave (1) ended at 12465.25 and after fast ABC correction ended
at 10656.5 in Sep 21, 2020 started Wave (3). First of all I want to note that I know that a lot of elliotician like to describe further movement
as truncated zigzag or something else, but I decide not to break the rules of Elliott Wave Principles and count next initial wave as leading diagonal with flat correction ended at 10942.25 in Nov 2, 2020.
In case of flat correction as wave 2 of (3) we can't get overlap with wave 4 ended at 12207.25 in Mar 5, 2021 because high of wave 1 of (3) ended at 11604.75 in Oct 2, 2020.
In the period from Mar 5, 2021 till Nov 21, 2021, a full-fledged wave (3) was formed, in which each subsequent wave has an extension (5>3>1).
I also built a channel between the top of the 1st and 3rd waves to the 2nd and at the moment we have a good price reaction bounce with pinbar from the border of this channel.
I can assume that the price decline (from 16767.5 Nov 22, 2021 till 15669 Jan 10, 2022) has formed a complete correction in the form of a flat.
We have good support level at 15180 which formed in Jul - Aug 2020 + ema100 reaction as dynamic support also.
At the moment I expect that the price will start forming the final 5th wave of this impulse. Presumably the price can reach the level 1.618 extension of the previous higher degree wave.
BTW, we must consider the following:
- current flat can be included in the combination and complicate the possible corection
- as we know in case of last 5th wave of impulse may be variability from the classic impulse to the ending diagonal , which will not be easy to trade due the increased volatility .
Ndx Watch Hour: I Have Three Pointshey nq_f lovers glad to have you in this week.
In this video, I explain the three points the market is likely to reach if you missed the train.
Be sure to watch to get the points!
You can also see this video as a guide.
Listen, trading is risky and not easy. Be sure to not trust anyone---even me!
Please leave a comment, like and follow-up if you enjoy my feeds or not. Haha! still follow me either way.
Ndx Trade Review: A Detailed PlanIt's Sunday a day for reviews. In this video, I talk about my confluences for taking trades, weaknesses and strengths...
I even have resolutions---Haha! check this one out.
Listen, trading is risky and not easy. Be sure to not trust anyone---even me!
Please leave a comment, like and follow-up if you enjoy my feeds or not. Haha! still follow me either way.
Ndx: Nfp Is Here, Signs To Watch Out ForHey lovers, made a short clip on the signs I'll be watching out for---today's nfp and you don't want to be left out.
What are your plans for Nfp?
Some key levels---15888-16000 (bulls)
15888-15550 (bears)
Watch the whole clip to get my reaction!
Listen, trading is risky and not easy. Be sure to not trust anyone---even me!
Please leave a comment, like and follow-up if you enjoy my feeds or not. Haha! still follow me either way.