NASDAQ**NASDAQ:**
This week's forecast is for the price to continue its ascent towards the key level at 20906.25.
NQ1! trade ideas
NQ Power Range Report with FIB Ext - 9/23/2024 SessionCME_MINI:NQZ2024
- PR High: 19996.25
- PR Low: 19996.25
- NZ Spread: 117.75
Key scheduled economic events
09:45 | S&P Global US Manufacturing PMI
S&P Global Services PMI
Inside previous week highs
Session Open Stats (As of 2:05 AM 9/23)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 373.40
- Volume: 32K
- Open Int: 225K
- Trend Grade: Bull
- From BA ATH: -4.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
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
Bullish Outlook this week last week closed price closed bullish after Fed rate cut news, therefore possible draw on liquidity could be towards previous weeks high
4hr price action is bullish respecting bullish imbalances, created an area of resistance
4hr Fixed Volume profile shows the two highest volume nodes and buyers could still be in control
but we are waiting 4hr bullish close to confirm that price may want continue higher from this area
Since NQ is typically correlated with ES I will monitor both for direction confirmation and divergences and convergences
Fridays Easy trade. NQZ2024 1) 12:00 am price opens up with relative equal highs right above.
2)4:00 am price then delivers to the relative equal highs and starts drifting lower.
3)Short term sell side set up before the market open.
4)8:30 price is looking for the relative equal highs again as all the liquidity was not tapped out of that zone. a small retracement happens shorty after 8:30. this sets up for a liquidity raid at the 9:30 opening bell. After taking out the most recent swing high price starts to show its true direction. it then creates an order block on the lower timeframes.
5) price reaches for an Orderblock created the previous day. Price then digs into this orderblcok almost hitting the 50% mark to a tick. just a few ticks off. after it reaches this goal, price then reverts its direction seeking the resting liquidity above the 9:30 price. Punishing any of those still in shorts.
This is not trading advice just for my own journaling and studying.
POST FOMC. What did you catch? NQZ20241)12:00 am price opens in a consolodation before moving higher.
2)8:30 market creates relative equal lows and establishes the short term sell side liquidity.
3)After 9:30 price looks to rebalance the 15 Min FVG, taking out the short term sellside and any profitable longs. after which it rallies higher towards its target.
4) looking back in time to 8/22/24 there is an untouched FVG sitting just below the highs. Price navigates to this spot exactly and breaks lower from it to the tick. but don't take my word for it.
This is not trading advice just for my own journaling and studying.
FOMC NQZ2024 (Winners in Both Directions)1) 12:00 price opens up pretty stagnate. takes out the relative equal highs from 10:30 pm before taking out the recently created swing low. This established the morning range.
2)Short term sell side established and price failed to break this level before market open.
3) 9:30 open shoots price to short term sellside, eventually sweeping it at 10:00 am
4) from 10:45 -11:45 an Order block was formed, then price created a move higher, and a 5 min FVG.
5) 2:00 pm FOMC's decision came out. In 15 secs. price hit the targeted FVG and moved immediately to the previous day's high. Bouncing off the Order block created.
6) On the one-minute time frame a Breaker block and an IFVG are formed. Setting up and entry for a short position. Either side of a Bias played out.
Not trade advice just for my own studying and journaling.
Tuesdays Morning "Consolodation" (Huge short) NQZ20241)12:00 am price opened up and immediately started to rally higher non-stop.
2)Once previous days relative equal highs were swept price traced a small amount but failed to take out the short term sell side liquidity.
3) With another rally higher fridays high came under attack, it was stabbed into a few times creating a volatile back and forth range taking out a lot of traders.
4) A breaker block was formed inside of a stop hunt higher. an immediate breakdown lower can be observed along side the formation of an I.FVG.
5) After stabbing into this IFVG price ran to the downside, closing the Opening range gap and returning price to the 12:00 am Open.
This is not trade advice just my own studying and journaling.
Mondays Review NQZ2024 Follow the Flow.1) 12:00 am price opens up and drops lower taking out a swing low but leaving one intack. @3:00 price starts driving towards Buyside But Fails to sweep before breaking lower.
2) 8:30 am Price consolidated ahead of the 9:30 open.
3) 9:30 price immediately drops into Sellside Liquidity, and continues lower before hitting the mid-point of the 15min BiSi FVG.
4) After hitting the Mid-point price rallies higher, looking to fill in the opening range gap. It reaches the 25% mark but fails to close a candle above this point.
5) After a failed break into the upper opening range gap, price seek a lower area of liquidity. There is an Order block immediately below the Fvg. Price Hits the mid point of the Order block's wick and over shoots by 3 points before bouncing higher. Price then comes back into the order block and hits the 25% mark to the exact tick! One more jump into the order blocks upper area before breaking higher.
This is not trade advice just for my own studying and journaling. Let me know your thoughts.
NQ ELEVATORPUSH NQ is looking bullish to take out the internial liquidity resting above the 50% marked out. This Friday we saw the retracement to the TGIF 30% and I would expect a move up and to create a high of the week on either Tuesday or Wednesday to complete the PO3 and a potential manipulation in the market maker model. Buys were taken this week with the market maker model to secure funding. Expect the liquidity to be taken that' is my main target this week!
20240920 NQI anticipate some SandD during LHS and upside spooling during PMS and Final hour especially. Nevertheless ES made the new HH yesterday there is more upside potential in NQ and the current dropdown is the natural reaction.
40 Points a day -- Goal of Consistency Gonna be sharing my trades that I take when I am able to catch a recording of it. This is the trade I took today on 9/20/2024 -- Keeping it simple and only targetting 40 points. The goal is to create confidence and consistency in our trading plan.
I am not a financial advisor, and the things I say and show on my channel are not financial advice!
NQ Power Range Report with FIB Ext - 9/20/2024 SessionCME_MINI:NQZ2024
- PR High: 20074.25
- PR Low: 20032.00
- NZ Spread: 94.25
No key scheduled economic events
Holding above 20K, ranging previous session highs
- Aug 22 pivot front run
Session Open Stats (As of 1:55 AM 9/20)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 377.04
- Volume: 24K
- Open Int: 207K
- Trend Grade: Bull
- From BA ATH: -4.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
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
QQQ Broadening Wedge BreakoutNQ broke out above a broadening wedge leading up to FOMC and has now exploded. However, coming right into supply and previous highs. Not going to chase up here, but looking for longs on pullbacks.
It's interesting that if you measure the predicted move based on the wedge, the target is right at ATH/21k. I would be we're gonna hit that relatively soon unless something big derails the rally, which you probably already know I think that day could come at anytime. Until then, following the charts.
Insider Sells - Why ?For 3 months all the news said that the small capital markets were benefiting from this.
Strange, it doesn't look like that today. Is anyone lying here? the market or the news?
Septmber MSFT, PLTR, GOOGL, NVDA ....
The sad moment when...Don't know what happened to my broker or tradingview but it rejected 2 perfect orders for me.. Any one else have issues placing orders at 10:10am on NQ or MNQ?
NQZ Nasdaq Future - Target 20.434Ray's previous Target 19926 NQZ contract was Hit! Next 20.434 - 20.463, if price can reach it, he predict ES to run all time high and possible reversal. He is only 8 years old and does all chart end STD him self, for demo trading only.
NQ Power Range Report with FIB Ext - 9/19/2024 SessionCME_MINI:NQZ2024
- PR High: 19687.50
- PR Low: 19636.75
- NZ Spread: 113.25
Key scheduled economic events:
08:30 | Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
10:00 | Existing Home Sales
Auctioning back to week high following nondirectional FOMC vol spikes
- Continuing to advertise short supply above 19880
Session Open Stats (As of 12:25 AM 9/19)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 378.32
- Volume: 53K
- Open Int: 207K
- Trend Grade: Bull
- From BA ATH: -5.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
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
Daily Scenario (September 19, 2024) for Nasdaq Movement:Here are the zones that "attract" me: My 4-hour trend is bullish, so I'm expecting to push towards a 15-minute low, and then create an SFP (Swing Failure Pattern) on it.
NQ idea $$$ no need for MapBook "Perseverance is not a long race; it is many short races one after the other." — Walter Elliot
I predict will be heading back to the support level where market makers left sellers looking very sad.
(19415 area)
If you were looking at Bookmap which I am not 9 times out of 10 it would show there are orders waiting in at area.
They have to drop price and come back and get that liquidity they left down in the 19415 area. (W) formed
Thanks and hopefully this information benefits you .... like share and follow chat !!!!
#TradeGod
NQ FOMC SpeculationKind of in-between for the FOMC move but I am expecting volatility would ideally like to see todays HOD get taken for the continuation towards the downside.
NQ - Tight Range That Will Break$19,926 is an area of importance when looking at a continues run through buyside liquidity.
However, we have seen stagnant price movements throughout this week which is giving me the indication a big move is to come shortly...
