NQX1! trade ideas
NASDAQ Vs GOLD (NQ1!/GC1!)Monthly charts used along with futures data
It can be clearly seen that severe underperformance can be seen in Nasdaq compared to Gold and if charts to be believed it will last for a long time
For trading it can be used as Short Nasdaq and Long Gold or simply Long Gold and Exit Nasdaq
There are many charts of various indices and stocks which is under pressure from GOLD. Due to limitations posted a few.
Charts need few more confirmation . Trade on Your due diligence
Nasdaq 100 Mini Trade SetupWhile the market is bullish and there is high chances the price can retrace from the supply zone and price might push upward.
Still the market is supreme and can break either up or down we have to be ready for the trade.
You can wait for the retracement/pullback if the trendline breaks or breaks downside or you can aggressive.
Selling is faster than buying just remember that.
Target 1 for upside is Day high.
Target 1 for downside is Day law.
NASDAQ important buy/sell zonesCME_MINI:MNQ1! sharing the important buy/sell or resistance support areas for nasdaq future ahead of feds meeting,
while nasdaq seems like it will embark on major upword rally, it has entered the weekly/monthly sell zone and has shown some negative reaction in the sell zone.
accoring to sell zone we shall see a reversal and end of the bull rally unless powell gives some positive news that boosts investor's confidence in upside rally, but negative news can easily start panick selling which may result in breaking of important support zones and thus starts a down side rally for corrction