NQ in Long LevelsAll Levels mentioned on Chart
your part is to manage risks wisely
as you are responsible for your understandings
MNQ1! trade ideas
Sunday Prep 10/10 - $NQ/$QQQ Need to make Higher Low & Clear 15KThis chart obviously looks very similar to the $ES. We briefly breached the 14400 level but quickly reclaimed it. But since then the push back into the underside of the 20d have shown strong resistance. And is it really any surprise? You have the quarterly/annual/monthly stacked pivots all in that same area as well as the psychological 15k level. What I would like to see is a pullback, put in higher lows and then a push back above 15k. If we can do that, then I would look to see if there’s some follow through on Tech names. If we start to lose the recent lows, then I will start to look for lower highs and possibly some short setups. If we blast through 15k without any real from the bears then I would be looking at the monthly pivot at 15370 and quarterly at 15445 as areas where I would expect to act as near-term resistance. Above that we have this 15500s level, from where the selling started.
NASDAQ at important support lineHamari Kalki trading idea is at important support. Its look like taking support at the 30 EMA.
NASDAQ at support line.Hamari Kalki trading idea is at important support. Its look like taking support at the 30 EMA.
Sunday Prep 10/3 - $NQ/$QQQ Tech Sector Trade PlanNasdaq 100 – Tech Sector. If we gap down I’m looking for 1440 (support from July). If we lose that, then I’ll look for the psychological 1400 level. If we gap up, I’ll be looking to short pops.
Sunday Prep 9/26 - $NQ / $QQQ Same Thoughts As $SPYEven though you will see me using trendlines in my charts, I always like to have a disclaimer that for me, trendlines are merely rough guides. I’m not delusional enough to completely ignore all the prior trendlines that could have been drawn that all would have been broken a dozen times over, only to be replaced by a new trendline when it made it convenient for whatever narrative you were trying to see. That being said, we have definitely pulled back to a pretty interesting area in relation to the trendline we have now created.
What’s more important to me is that after the pullback to these levels, we got a nice little reversal setup with the higher lows on the daily chart (highlighted by the yellow circles) that were then able to push back over 15163.25. To me, that makes last week’s lows pretty significant.
Same thoughts go for the Nasdaq as went for the S&P. If we can reclaim last week’s highs, do we then push back to ATHs? Or do we start to roll back over and possibly begin creating a higher timeframe lower high on the weekly chart?
Bulls will want to defend the 50d/quarterly pivot area. If they can’t hold there, the next spot I would watch for them to show up at would be the 15k round psychological level which is also the monthly pivot/annual pivot area.
Bears will be looking to defend the 20d. Above that, I would definitely expect to see them do battle up around that 15550 area which is where the recent correction began from.
Sunday Prep 9/19 - $NQ/$QQQ Not Alarmed Yet but MUST be preparedThe Nasdaq chart is actually a lot less concerning. There are still some serious levels of support that look ready to be tested. That 50d/quarterly pivot area around 15150ish looks strong. It would be a retest of the recent base that it broke out of and would actually be healthy for us to test, hold, and then find some strength.
The weekly 20sma is still quite a bit always though, so if we were to try and push up this week and end up putting in a lower high, if we were then to roll over and head lower we have quite a bit of room to tumble. Remember, I’m not alarmed yet, but I MUST be prepared for all scenarios.
When you get monthly charts like the ones of the /ES and the /NQ, it’s pretty evident that at some point things need to cool off. And when they do, we will either need to go sideways for a while and digest the move up, or we will need a decent correction to reset. Are we seeing the beginning of that start to unfold? Won’t know until we see some more things occur. But we can definitely make preparations and be aware of the warning signs.
As far as levels of resistance for this coming week, the 15300-15400 area looks pretty thick. But if we get above there then the underside of the 20d is the next area where I will look for sellers to show up. The 15550 level also is of interest to me.
Sunday Prep 9/12 - $NQ/$QQQ Did What We Were ExpectingPretty much what we were expecting..
… lose last week’s lows and we see the 20d. Well, we almost got there. Let’s see if that is what we need to do this week in order to see the price find some buyers.
Under the 20d the support level I’ll look for is the 15k level where you have the quarterly and 50d.
Sunday Prep 9/5 - $QQQ/$NQ Staying ObjectiveUnder last week’s lows and I think we see the 20d pretty quickly. But on that same token, above last week’s highs and we could just as easily see 16k in a blink. Those are both the areas I would look for support and resistance as well.
Sunday Prep 8/29 - $NQ/$QQQ Exact same thoughts from $ES can be applied to the $NQ. Support is below at the 20d/quarterly pivot at 15125ish, followed by the annual pivot at 14993 and below that you have the 50d. Above there is the monthly pivot at 15534.75 and then the quarterly pivot at 15704.25.
Sunday Prep 8/22 - $NQ/$QQQJUST like the it’s S&P counterpart, we got that retrace right to the 50d which held and bounced. And just like the S&P, the idea is the same. Retraces back to those levels will be the used as the key support areas. Below that I would look for July’s lows to be support. To the upside we have ATHs as the first area of resistance and after that we have the monthly pivot at 15244.75.
RisingWedgeNasdaq broken the rising wedge. Took support near polarity level and bounced. Trading below lower trendline support of multi year rising channel. Just added to keep a watch. Not tradeable.
Nasdaq 100 E Mini Futures Resistance 13600 Nasdaq 100 E Mini Futures
Resistance is at 13600.
Further rise is above 13600.
If sustains above 13600 then expect a rise towards
15346 in due course of time.
Indicator like RSI showing negative divergence
therefore breakout and close above 13600 is
essential for further near term rise, based on hourly
chart.
NASDAQ & DOW JONESBoth the indices are at resistance. Red, yellow and green are M, W & daily supply/demand zones....A MAjor move is due in USA markets.
Simple Support and Resistance levels are the way I trade the price action...No indicators.
