NQ has the same as ES setupCurrently at the support zone, a long can be taken with a tight stop
Needs to test the bull trendline imo before any significant bounce.
For now its quite far way to test though.
NQ should be leading in big 4, so must watch on the decline we get next week.
Main resistance is the previous high into the resistance box, it has not to even get tested for lower lows to be seen.
If tested and taken, all the NQ downside targets like 8.5-9k will off the table, at least for the short term.
Must continue lower and test the first box of the support, if the bounce will be short lived and weak, expect more weakness into the main support zone and the uptrend channel test
Nqshort
SPX all eyes on my 4010.50 on closing level!We have touched the first target in am and sold off hard below maj resistance level - 4010.50SPX
Closing below will be very bearish.
Whatever the news triggered, was expecting those to come at any time.
Those in satanic club are pushing for the big war and it wont be bullish!!!
We should see lower lows in Dec, Nov should close lower and Dec will close higher then Nov.
Monthly lowest close will be in Jan and intraday low Mar/Apr
The maj flow from Europe should come next year and it will propel the markets up, hard!
So the next year buy should be a great long opportunity!
There is a huge liquidity crisis and FED's reduction started to hit the books today.
First low should come on Nov 17th and then bounce. Lower into EOM is what I see
NQ 4h canle crazinessWatch this candle close.
The vol is average, hunt for liquidity is whats happening out there.
Remember the latest Crypto move, it went up first right, the rest was history!
Now how many of you forgot what just happened with crypto is last 2 days after that move up?
People tend to have a short memory. Nov will be a bearish month after Oct bullishness.
This is another bear market rally, nothing else
NQ as long its below 10990-11000 its bearishI missed am rally, exited one long from yesterday at the open and didnt re buy again, was too slow
Now I have added back to my swing short here (some was sold at my 645 and 685 levels I posted yesterday)
Watch that bold support line, its a very important place for the price!
Congrats to those who took a long this am!
I was saying about this rally yesterday it came super fast.
Its Fri, do not over trade! Have stops if you are in green, it can turn against you at any time!
NQ support got sliced!10905NQ got sliced, now its a resistance. Want to see at least 1h candles to hold that level if tested to confirm the breakdown
Im still not in a crash mode till at least after the elections. But as mentioned before Nov will /can be very volatile and red month!
ES tested the broken support from the bottom.
I have entered with small long, will add
Look where NQ closedYou tell me if its bullish setup into next week or not.
Gaping up and holding the breakout (white line) support/resistance will be def a breakout, otherwise Im not in that camp, even if its going to gap up on Sunday open.
All ES and SPX extensions I was looking, got hit.
Monday can be (and I think it will be) a very bearish day, lets say Spooky Monday!
Cant say happy Halloween as I dont cheer or celebrate dark/evil holidays, but it def can be one for the markets.
Have a great rest of your weekend, I will update SPX chart tomorrow.
NQ is in clear bear flagI didnt have much time on research today, busy day.
But I did spend some time on the NQ, as I didnt do NQ update for a while.
I will also add comments to this post after I do my other research and go through few others updates I follow.
So stay tuned, high chance this chart will get updated with extra comments several times.
So as you can see on the chart, we are in a small (compare to the rest of the year) bear flag and we are already in most overbought conditions for this year including TRIN number and volume.
My best extension (if it was not topped yet and they will push it higher before the elections) is at 12110-50NQ, with the top of the channel at 12250-300.
But first it has to close above recent highs - 11750NQ
I do expect a yo-yo style (outlined on the SPX yesterday) going into EOM and then Midterms.
But the ideal target for this year is actually at 8-8.2k zone!
I know it sounds crazy, but hey wasnt today's numbers crazy early this year?
Some are still in denial.
I do not call for a crash any longer, as we are out of that window astrologically and cyclically but I want to see another 25-35% cut from today's levels before this is over and we bounce hard into a bigger B wave
No new highs next several years at min, maybe after 2026 if not 2032. I do expect 1999 and 2009 pattern, check it out.
Again I might be wrong as anyone else out there, but this is my long term view, gotta stick to it till I see clear changes in trend.
My plan for the short term is the same, its short tomorrow (Im already swing short) into EOM or 1-2nd FOMC rate decision) which should spark a rally and ideally mark the temp bottom going into the Midterms.
They might make a big hike and stop for this year. Canada already increased .50 points instead of .75 points today, so FED can surprise.
After the Midterms is where it gets tricky, I think we will have a last move down into week of 21st of Nov low, that should mark the low for the year.
Can we extend into next year, yes we can, I will be updating you with my view going forward into mid of Nov.
If something not clear, just shoot a question below this post.
Here is zoomed in chart
Also please dont forget to press that 🚀 sign under this post to push it up in algos for others to discover.
NQ is testing the bottom of the bear flagWatch this bear flag to break and we see 11165-35 very quick.
Main support is at 11234, breaking that will flush quick
I have the price down to even 11050-60 level.
Very important to hold here.
My thinking is we sell off into the open and move up after Powell speech tomorrow am
Today's action off the low could be another trap for the perma bulls to call it the low...
Will be waking up early tomorrow to watch the market and see where I add to my SPXL and some Oct calls long position I started today
P.S. DO NOT GO LONG Heavy! This can crash and the crashes come from the oversold conditions! Size properly and have stops or more powder to add
NQ is at maj support terretoryHere are the support levels to watch:
- 11167-75 (My target for a while)
- 11058.50
- 10656.50
Maj Resistance is at 12260, above and it will squeeze back to 14k imo
But the pressure is still down, Oct should bring 10k zone imo.
My plan for tomorrow is buy am lows
Have a good night
NQ to make another daily engulfing pattern if we make below 790The price rejected the test of the broken trendline - perfect kiss of the death pattern.
My thoughts about a fakeout were too optimistic, I was looking to add to my NQ short at higher levels and it didnt present an opportunity.
Main target for this move is 11175-85 and possibly much lower.
Try not to day trade this, unless you're quick with taking profits and run
NQ same as the SPX, looking for a good size rally after the FOMC and fade completely by Friday
Going to short a bounce, if presented
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NQ Zoomed out chartCheck the broken to the downside trend channel re-test NQ is having now.
So far its riding it from the bottom.
I wont count out a fakeout move up to 12150-60 or even 12240-50 and then going back below the bottom of the trend channel.
Support is at 11900 for tomorrow long try. If we see that level during the open time, I will be taking long for a 100+ points ride up.
The most bullish case is - re visit 12700 level.
But the time is really running out and unless we get a huge squeeze tomorrow, I think the upside will be very limited and the price will eventually get to my main target - 11175-200 and maybe much lower.
Oct should mark the low and Im wondering if we even see 9-10k zone tested.
So far Im planning on adding to my swing short tomorrow and just seat on it till after the FOMC decision move.
Im running some ES longs against my main NQ short, ready to cut at 3919ES level.
This is my working chart and I have hided as many indicators as possible, so you all can see the chart more clear then it is:)
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NQ is at resistance zoneIm short from here, stop just above today's highs
Might close before the close or AHs, tomorrow might spike up higher for a fakeout and then start selling into the 16th low
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NQ fullfiled the IHS targetPosted this on the Sep 8th:
We hit the target!
Now support at 12465. I will be shorting tomorrows open if we re-test the highs.
Looking for a low on the 13th and press higher. If we see the high on the 13th instead, then we down into the 16-19th.
My ideal pathway is low on the 13th and up into the 19-21st, then big sell off into EOM
If we get above 12830, then we should test 13215NQ next, that would be my ideal target after the 13th low
Will do SPX update in a bit and one more for those who are on my email list.
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Enjoy rest of your Sunday!
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