DaveBrascoFX

US100 Nasdaaq Scenario 1: BULLISH Next 2 Weeks

Long
DaveBrascoFX Updated   
CAPITALCOM:US100   US 100
Red September, Low Volatility, FED, mixed news.

The worst trading month of the year has just begun. Thi week Wednesday is more important.

2 Gaps are still open. Up from next week , we will have rarely 3 open gaps(contracts rollover).


This is the firt senario if Nasaq reaches upper gap first15850-159950.

Use proper Money mangemant.
Comment:
If Bonds 2 and 10 Y US jumpds above 4,75 Short trend will begin.

dxy up bonds up indices down EUROPE opening lower after Asian open.......Today important data.... 5 Senarios....4 Bwaeish 1 Bullish..... Probability to go own to 14500 increase from 68% now to 89%(Traders Sentiment).
If nq goes up to 15950 first then we have proper goo situation to short the market till the beginning of October
Comment:
short to fill 14500 zone in september
Comment:
Market Updates:

Monday and Tuesay no news, but Possible Pre Trend trading
Wednesday PI
Thurseday PPI
Wednesday Bon Aution 10 am.

U opened High to poibley reeah Higher Gap first. Above 15416 Long bias, Targets are 155200 1550,15850,15950,16050 Below 15416 Bearish Possible Retraement at 15250,15150,15050

urrently (8:30NY ) Nasdaq is above 15416 so bullish bias.

On Friday we have Ontrats rollover, and we will have 3 oßen gaps, if non of the gaps fill this week.
Comment:
Below15416 SHort Target 15280,15150,15050,14500
Comment:
Gap 14500 still unfilled
It seems we direct Gap up 15850-155950 first. current state bullish, But be aware of the next week
Comment:
4H trend bullish
180 m bullish
120 min. bullish
30 min bullish

Strategy Short Bearish
Reasons:
Although during the last days the short term trend turned green, we stay confident an continue with our Selling strategy

The last 3 days spike has some fundamenal reasons:
Israel war: Israel has huge amounts of Financial reserves. The youngest attacks on Israel caused the pressure of Shekel, so the Cetral Bank of Israel started to sell US Dollar to also fund the economic and war economic ressources.. That caused short term selling of the US Dollar

Fundamental reason are bearish, also the fear of possible middle east extentions caused FED to possible pause the rate hikes. The FED rates sentiment is not changed for November, but changing slowly for December.

This condition can be changed.

The last spike was caused by Tech stocks,insider buys. The pci was bearish, todays ppi will show more details.

Fundamental reason 2: The gap below 14500is not filled(Very important)
More importantly The volume profiles of the last days are all Bearish and signalized Bulltraps. Also yesterdays target VP is bearish.

Surely trends can be changed and there are no sometimes no logical factors that aprove the market sentiment

Currently if there are no news, or no news and no bad news, people start panic buying. Sonner or later than will cause massive drop down into the gap directions(15890 and 14500) Also The Daily chart is showing no logical supply demand zones(the supply demand zones are more intuitive and individually) That is the reason
that classical price action thoughts are failing too often.

Interestingly there is one indicator that is showing consistent but slowly accuarte signals: Stochastic. Since over 13 weeks the indicator is bearish, and the current state of the market is confirming it. Therfor we stay short, solong our stochastic indiccators are bearish.

That way we interprete the short term bullish trend ,as bulltrap trend in a Mi-longterm Bearish trend.

For Day traders: Sell the High od the day, but look for reversals, and only if the next possible Resistance of your higher TF cannot break.

For trend traders: Take profit if the Bearish near term Trend is changing, but stay with the Major trend(Bearish) The major trend is above 15680 bullish.

Howlong the next bullish trend lasts is dependend on global economic macros.

To the south there is more space to fill, and also a brea of the gap will create big volume and space to the next possible support at 13200.

The gap has been tested 3 times. The next gap fill whcih is the forth Test, significantly is an aproval how important this level is, and that bears try all their enrgy to break that level.

If the middleeast war involves the U.S.A., the Dollar will rise very high ,also Gold, While the Stock markets will drop fast and very deep.
Comment:
PMI Bearish goo for Dolalr
Be aware of Bulltraps.Weekly Pivot 15300-15300
Resistance too strong bearish

Look for reversals
Comment:
AS I said stay short

sentiment bearish
data bearish
there are scammers who tell ya buy.
Ignore them

Bulltraps

Short selling bearish trend
Good luck
Comment:
Escalation in the middle east
FED Balance below expeted thats good for us dollar
us dollar getting much more stronger
insider buys tech
Bulltraps:
Strategy

Only take short trades! After breaking a lvel take partial profits if trend traders
if day traer tae full profit
when divergence
look for russle and sp500

We connue with our winning strategy
Trend followiers have lost big money

Currently Divergence is king
Comment:
US100 short

Based on AFPand yahoo news . Iran seems to think the priority is to take the fight to the Israelis first
Saudi Arabia puts Israel deal on ice amid war, engages with Iran, sources say
If socurrently Oil and commodities jumping higher, that will cause hiigher US Dollar, and dropping Indices down..
Comment:
US100 bearish
TIC Long-Term Purchases were greater than forecast This data represents the balance of domestic and foreign investment - for example, if foreigners purchased $100 billion in US stocks and bonds, and the US purchased $30 billion in foreign stocks and bonds, the net reading would be 70.0B; and it is maing US dollar more stronger. Bad for Nasdaq!
Comment:
very diapointing data forboth side bear and bulls..

I dont trade this move .Why? I have mentioned in this video...All reasons...And why it is sometimes better to stay out and not to trade

www.tradingview.com/streams/TJwJn1YeEs/
Comment:
If you are short Take profit now
Comment:
US100 bearish
this bottom is fAKE BOTTOMß WHY?? watch my Live streaming.
www.tradingview.com/streams/QfyYVW4rLo/
also all levels of today, and next week
That way you will make sure to trade on the right side of the market...

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