15m FBoS Buy Idea15m FBoS Buy Idea on $NQ. Potential for NQ to form an FBoS and move into the desired POI. This is on the 15m timeframe so expect some delay.
NQX1! trade ideas
NQ Sell-Side LQ Grab then Higher into Daily Imbalance!Market is pretty darn bearish in the past 2 weeks. After hours we have had a slow drip down, low volatility/resistance. Going to bed soon but we may get a drop down during the London open to grab that highlighted 15m sell-side LQ before starting the ascent higher to run shorts.
I just feel like everyone is looking for a short setup so its a great time for the big guys to go counter trend here.
Big tech earnings do start tomorrow AH thru Thurs so these next 3 days could be very eventful.
NQ Power Range Report with FIB Ext - 7/30/2024 SessionCME_MINI:NQU2024
- PR High: 19237.50
- PR Low: 19206.75
- NZ Spread: 68.75
Key scheduled economic events
10:00 | CB Consumer Confidence
- JOLTs Job Openings
Maintaining previous week end range
- Showing potential to roll over below 19100
Evening Stats (As of 10:15 PM 7/29)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 329.53
- Volume: 20K
- Open Int: 254K
- Trend Grade: Bull
- From BA ATH: -8.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ long opportunity Above 19331 we have a great long opportunity to balance out previous impulse move to the downside
NQ Long (NDX, QQQ)NQ is showing the first signs of recovery from its recent decline. The overall decline and first day of recovery is structurally similar to the last pullback in April. Price has pushed through the bottom BB and is starting to bounce back inside. RSI has turned up on the daily after being pushed below the lower threshold which has only happened 3 times this year and price has bounced each time. Given that the latest PCE was on target, rate cuts appear to be within sight. For the period between now and when the first rate cut actually occurs, I think NQ will rally to the previously developing POC around 20,000.
The 20,000 level is also supported by a massive open interest for QQQ 496 calls (image linked below) which roughly works out to the 20k NQ level. The call wall should act as a progressively stronger magnet since MMs will buy the underlying to hedge their exposure. It will also act as a major resistance which is why my final scale out is a range to be adjusted as the trade progresses.
Risks
There is a lot of uncertainty at the moment, so these assumptions are based on macro data meeting forecasts and the remaining MAG7 earnings being neutral to favorable. If the remaining MAGs miss on earnings, then I expect a drop to around 18,500.
QQQ Open Interest
drive.google.com
Nasdaq trade into early ny Im just improving, I dont any intention more than just look at my self into this markets
NQ1 & SP1 W BLACKSWANNNNNN!!!!!!! GG USA & DOLARCME_MINI:ES1! TVC:DXY CME_MINI:NQ1!
This is my own opinion, for better or worse. God knows. From what I see, Nasdaq and S&P 500 are facing a very serious collapse. Keep this in mind if you want to open a big short position. You can see an example of a black swan pattern and my concept intersecting on the chart. If you ask me, the problem is significant, and the end of the dollar has come maybe ww3.
July 29, 2024 - More Upside in the Short TermVery weak selling volume today since opening. To me it's a "Buy the Dip" moment even though I am a long term short.
Aiming for 19824 level, or 3% more from current level within a week. After that, not sure what's about to happen. Let us see!
NQ short to Sell-Side Liquidity levelNQ pushed below the weekly opening level. This is an indication of us heading lower to a greater Sell-Side Liquidity level. I am targeting 19,104.00 Liquidity.
Mag 7 Earnings and Fed PlaybookE-mini S&P (September) / E-mini NQ (September)
S&P, last week’s close: Settled at 5499.00, up 57.75 on Friday and down 54.75 on the week
NQ, last week’s close: Settled at 19,174.50, up 182.25 on Friday and down 538.50 on the week
We are embarking on one of the most pivotal weeks of the year. Earnings announcements from the largest companies surround the Federal Reserve’s policy decision Wednesday afternoon. There is only a 4.1% probability the Federal Reserve will cut rates at this meeting, but the committee is expected to telegraph a September rate cut. In fact, the CME Group’s FedWatch Tool is pricing in a September cut with 100% certainty. As for earnings, according to The Transcript there are 171 companies in the S&P 500 reporting this week. Furthermore, four out of the top five or four out of the top six (if you combine GOOG and GOOGL). Bill Baruch joined the CNBC Halftime Report on Thursday, where he reiterated his confidence in strong big tech earnings that will help alleviate waning confidence and reinvigorate its outperformance.
E-mini S&P and E-mini NQ futures again tested a critical area of major three-star resistance at 5528.75-5533.25 and 19,356-19,390 this morning. These pockets of resistance are the first in a wave of thick overhead supply the indices must chew through in order to recoup the July 23rd close, when GOOG and TSLA reported. The July 23rd settlement aligns to create rare major four-star resistance. To the downside, price action associated with a choppy Thursday and Friday trade helps build out supports, most importantly that which aligns with Friday’s weekly settlement; while holding above here, we see the trade most constructive in attempting higher prices.
Bias: Neutral/Bullish
Resistance: 5528.75-5533.25***, 5542.75***, 5551.50-5553.75**, 5572.75-5576.75***, 5599.25-5611****
Pivot: 5522.25
Support: 5508.50-5509.25**, 5499-5501.75***, 5478.50-5482***, 5470-5472.50**, 5448.25-5453.25***, 5439-5441***, 5432.50**, 5391.25-5398.25***, 5366.50-5370.50****
NQ (September)
Resistance: 19,356-19,390***, 19,496-19,501**, 19,654-19,686***, 19,728-19,751**, 19,809-19,828**, 19,925-19,933****
Pivot: 19,250
Support: 19,159-19,174***, 19,104**, 19,040-19,060**, 18,945-18,992****, 18,883**, 18,727***, 18,645-18,675****, 18,482-18,500***
Micro Bitcoin (August)
Last week’s close: Settled at 68,775, up 3,385 on Friday and 530 on the week
Bias: Bullish/Neutral
Resistance: 71,125***
Pivot: 69,090
Support: 68,775***, 65,390***
Check out CME Group real-time data plans available on TradingView here: www.tradingview.com
Disclaimers:
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*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NASDAQ**NASDAQ:**
This week's forecast is for the price to fall to the zone between 18462.75 and 18204.50, coinciding with the value of a lost pivot at 18326.00.
20240726 NQI anticipate more upside during AMS and possible reversal into the downside at the end of the day. DXY reversal to the upside is crucial for this scenario.
NQ Power Range Report with FIB Ext - 7/29/2024 SessionCME_MINI:NQU2024
- PR High: 19242.25
- PR Low: 19167.75
- NZ Spread: 166.75
No key scheduled economic events
Daily print showing potential reversal long
Evening Stats (As of 12:25 AM 7/29)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 336.61
- Volume: 37K
- Open Int: 248K
- Trend Grade: Bull
- From BA ATH: -7.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ longNQ 4HR RSI oversold
Confluence to the upside on all indicators
Bullish divergence
Targeting TP 1if the entry level holds
NQ Forming the right shoulder NQ forming a beautiful right shoulder. Soon we'll have a dead cat bounce
NQ - Sitting On My HandsWeekly candle opened briefly in a discount, minor manipulation occurred to the upside before NQ sold off into the weekly order block located at 19,115 (28th May 24 weekly candle). ES and NQ have similar displacement to the downside for the past two weeks so i will be studying the correlation going into next week.
Array to take note of is 19,224 - 19,115
NASDAQ FUTURES Stock Chart Fibonacci Analysis 072824Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 184/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the Support
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Friday was choppy for NQ! This is how I traded it!Order Block entry on the 15 second chart was the best model I seen within that choppy price action for NQ on Friday. A tight 12 point stop with a 95 point profit target. Here is what I seen and how I traded it.
NASDAQ Weekly Review: Key Levels and Market SentimentWelcome to this week's NASDAQ Weekly Review, everyone!
Let's dive into our market analysis and discuss the key elements that will shape our trading strategy for the week ahead.
First and foremost, I'm bullish on the NASDAQ above the 19,000 level. If we maintain this position, it signals strong market confidence and a continuation of the upward trend. However, if the index falls below this mark, I will turn bearish. This is because the 19,000 level is a critical support point. If we lose support here, it will likely become a new resistance level, making it harder for the market to climb back up.
Currently, the NASDAQ is holding support at a crucial demand level. This indicates that buyers are stepping in to keep the index afloat. However, should this support falter, we need to be prepared for a shift in market sentiment. Keep a close eye on this level as it will determine our next moves.
This week is particularly significant because it's Non-Farm Payroll (NFP) Week, which means a lot of impactful news is on the horizon. Monday is the only day without any scheduled news events, giving us a brief period to assess market conditions without external influences.
The biggest events to watch out for are the FOMC meetings and the Federal Funds Rate announcement. These events can cause significant volatility in the market, so it's essential to stay informed and ready to adjust our strategies accordingly.
Fundamental Analysis:
**Economic Data:** Pay close attention to the economic data releases throughout the week, especially the NFP numbers. These figures provide insight into the health of the economy and can impact market sentiment significantly.
**Federal Reserve:** The FOMC meetings and Federal Funds Rate announcement will provide clues about the Federal Reserve's future monetary policy. Any hints of rate hikes or easing can send ripples through the market.
Technical Analysis:
**Support and Resistance Levels:** As mentioned, 19,000 is our key level. Watch how the NASDAQ behaves around this point. If support holds, we can expect a bullish continuation. If it breaks, brace for potential bearish momentum.
Happy trading, everyone!
NQ topping ? MaybeIt was another important week in equity markets and so many new highs but starting to hit rally objectives i look for in a rally. the high at 20983 looks critical now and could be a short-term high and if not don't think to much more slippage from up there. Green lines are Daily support areas , the green box my objective and yellow line the weekly trendline and finally the Red being the monthly trendline. Its tough picking or fishing for a top in a feeding frenzy
NQ Plan For Monday 7-29-24NQ has sold off heavily recently. I see it making a very small move higher into the inefficiency (box), likely during Asia or early London session. From there I will be looking for short opportunities down to the internal low taking out 1 or more Sell-Side Liquidity levels. If we fully inverse that inefficiency then I will be looking for a long setup.
HRLR on NQPrice today had really tough time because of HRLR which Fractal Consolidations indicator gave me, in these conditions you should be aware.
