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NQM2023

NQ1! Chart for 6/2 S/D LevelsLast day to end the first week of June. Us debt ceiling passed. 530am PST release of nonfarm and unemployment #s. Struggling through the supply zone at time of posting, would be interesting to see us break through to break 5/30 highs of the downtrend. Otherwise I am targeting pivot P below for bears if we can break through the demand zones. Keeping the description brief, trying to cut down on the length of the message. Link to chart: www.tradingview.com
CME_MINI:NQ1!
by tradeswithjess
NQ1! Chart for 5/31-6/1 S/D LevelsNew downtrend created on the 1HR timeframe. At time of posting, it looks like an attempt to break out. If we hit longs, I see a pull to Pivot new 14333, otherwise I want a bear retracement to S1 at 14224. My previous trade idea did pan out which was nice to watch and during my call with the team. It seemed crazy at first but seems that the US debt ceiling meeting made things worse even though they agreed on raising it. IF this downtrend continues I want a break through the demand zone and a continuation to the downside to retrace the move as today was the last day of May. Here comes June!
CME_MINI:NQ1!
by tradeswithjess
NQ1! 5/30-5/31 S/D LEVELSUS Debt ceiling votes are in tomorrow, Wednesday 5/31. Although the agreement is not what both parties want to the T, I have a feeling they will agree on the vote because it is for the greater good. If they do not agree, we are headed into default which will hurt the economy tremendously. We cannot afford to have that happen right now because of bank system failures, inflation, and other news events that are impactful. Needless to say, I think we see a spike in longs to end the month green. BULLS: 14661-667 to 14612 BEARS: 14299 to 14089 I am following per pivot points and my S/D areas. We have reasons to be on both sides as I see we are partially balanced even tho we had heavy bull power lately. Bulls can continue up due to good news and no true resistance to the upside. Bears can take over for a retracement and liquidity zones. Link to chart: www.tradingview.com
CME_MINI:NQ1!
by tradeswithjess
NQ1! 5/22 S/D LevelsNot trading this week too much but will try to post daily of my charts and ideas. As I mentioned in my recent YT video Trasing Weekly Recap EP6, I am eyeing for some bearish retracements of last week before we kick off to end the month green at 14-15000. As for specific targets, I am going to keep them close or at the pivots reflected on the chart for longs and shorts. Lots of news this weeks as well so staying clear from too much bias and staying more open minded.
CME_MINI:NQM2023
by tradeswithjess
NQ1! Chart for 5/18-5/19 S/D LevelsChart Link: www.tradingview.com Not seeing much resistance on the chart for a further push up, HOWEVER, JPOW is speaking tomorrow. Preparing for major moves tomorrow: BULLS 13980-14140 (major rejection R5 level). BEARS 13759-13792 to grab demand zone liquidity, if we fall heavy then 13677. We have lots of gaps to the downside to cover but we have broken last August 2022 highs so I want to see this breakout continue strong or a retest and then push up higher for the coming weeks. Debt ceiling meeting soon and EOM is right around the corner too!
CME_MINI:NQ1!
by tradeswithjess
NASDAQ Futures NQM: Bullish Rally Encounters Potential ReversalToday's market action on NASDAQ Futures (NQM) provided quite a spectacle, as we witnessed an impressive pump that led to a new Higher High at 13683. With limited levels of resistance left in the upper echelons at 13817 and 13995, it appears we're running out of targets on the upside. Additionally, the VIX index is down, pointing to a relatively calm market environment. However, it's crucial to note the emergence of several potential reversal signals. While the market has been propelling upwards, the MACD recently crossed below the signal line, displaying a bearish divergence as it forms a downtrend. This bearish divergence could potentially be signaling a weakening of the bullish momentum. Moreover, the STOCHRSI reached a high of 97 before starting to turn around earlier today (5/18/23) at 7:30 and continuing downwards at the market open. This, too, could be signaling a possible cooling down of the overheated bullish trend. In the scenario of a downturn, the key support levels to watch are 13610, 14554, 13505, and 13475. Given these observations, today's trading strategy should be approached with caution. Although the bullish trend remains dominant, the emerging bearish signals suggest potential for a reversal. Therefore, vigilant monitoring of these critical technical indicators and support levels will be crucial. In conclusion, although the NASDAQ Futures NQM continues to push higher, we are now observing significant signs of potential bearish divergence. This calls for heightened attention and careful navigation of trading strategies. As always, keep a close watch on market trends and adjust your strategy as necessary. This analysis was also posted to my Blog! -The Latin Trader
CME_MINI:NQM2023Long
by Pablo_The_Latin_Trader
NQ1! 5/17-5/18 S/D LevelsCrazy longs played out today. I have been focusing on my new accounts I started and just passed them today so I haven’t been putting time to posting on social. Also some personal news affected my performance so I needed to spend my extra focus on getting through and by. I’m looking for a play into this heavy supply zone but a rejection back to pivot P. We have approached the top trend line so I want to see continue break or reject into bottom trend line. Nonetheless we are in an uptrend and no crazy news except debt ceiling concerns in the meeting coming soon !
CME_MINI:NQ1!
by tradeswithjess
NQM Technical Analysis: Treading into Uncharted TerritoryToday's premarket moves for NQM have presented an intriguing scenario. News induced volatility sent us for a wild ride, with a sharp drop back to yesterday's support near 13430. Expecting a bounce and a wick fill, the surprising strength of the subsequent upward push—smashing through the main resistance—has taken us into relatively unexplored territory. With the only historical data point being a peak from August 2022, we're stepping into the unknown, but there are a few key levels I'm keeping a keen eye on: Given the overall 4h trend, I think long plays will be going with the main trend. Long / Resistance Levels: 13470, 13500, 13550, and potentially 13575 if the bulls take the reins. Short / Support Levels: 13445, 13425, 13400, and potentially as low as 13360 if the bears seize control, a fall that far would disrupt the structural pattern we've been monitoring. In such uncharted terrain, it's crucial to remain adaptable and responsive to changing market conditions. Let's see how NQM navigates this new ground. Stay tuned for updates." As always, remember to trade responsibly and manage your risk effectively. -The Latin Trader
CME_MINI:NQM2023Long
by Pablo_The_Latin_Trader
NQ1! Chart for 5/10-5/11 S/D LevelsWOW CPI made the charts move! We hit our bull target... by a landslide! I was not expecting this many points to surpass our EOW targets. I have switched to NQ1! charts as it is easier to backtrace for finding zones. Therefore, we have new pivot targets as of tomorrow. We are forecasting a 2.4% PPI report, and our targets based on a 100pt move would be: Bull: 13597 and Bears: 13353 or 13259. We are approaching a Daily Supply zone, so be aware of orders sitting in this area. We retraced the entire CPI move and then headed for new highs. The same possibility is happening for tomorrow. I follow Book Map for intraday targets and will be keen to see what will play out for tomorrow! Link for the NQ1! chart: www.tradingview.com
CME_MINI:NQ1!
by tradeswithjess
NQM2023 Chart for 5/9-5/10 S/D LevelsCPI REPORT RELEASES AT 5:30AM PST. My original trade idea from Monday still stands. With CPI and PPI releasing tomorrow and Thursday, we have momentum to reach these targets (Bear target 13152 and bulls target 13458 by EOW.) In the meantime, we have a forecasted expectation of 5% CPI but the way they have generated the report is different than before. It is skewed to keep it 5% MoM and let us see if we are higher or lower than 5% when 530am comes in. Based on the sideways action from today, I want to reach and possibly break 13369-13384 or we fail to 13191. I have larger range targets because of the news, but if we are looking for shorter targets, I am seeing 13324 or 13227. 13324 is the tip of a strong supply zone, which can be rejected. And 13227 is breaking through this strong 1 hr demand zone that we bounced out of a few times today (this can indicate this zone is starting to get weak, and especially on a news day... whew). Good luck to yall trading CPI! Here is the link to my live chart as well: www.tradingview.com
CME_MINI:NQM2023
by tradeswithjess
NQM2023 5/8-5/9 S/D LevelsManipulation is coming into affect as CPI is Wednesday and PPI is Thursday. My trade idea stands as mentioned in yesterdays post. We may have some further rejection from this strong 1HR supply zone or as we have found ourselves inside of it twice now, we may have enough push for the bulls. No specific targets aside from the pivot P, R1, and S1 as areas of interest. Also liquidity levels found on bookmap intraday but as of time of posting, staying open minded for this week is full of reported numbers.
CME_MINI:NQM2023
by tradeswithjess
NQM2023 Chart for 5/3-5/4 S/D LevelsFOMC was killer. Our targets were hit on BOTH bulls and bears. Woohoo! This overnight session I was able to secure the breakouts of the longs, but I am seeing hesitation as of time of posting due to 5M supply and we are at pivot P. My idea is we linger through this zone for an attempt at the larger 1HR down trend around 13210. If we break out of the trend, I want to plan for a long through 13242 for a hit on R1 target or we reject off this zone completely. If we have strong enough moves we can attempt to break through R1 and go for the strong 15m supply found at 13284 area. For the bearish side (as the FOMC news was expected but bank system failures is not a celebration), I would like a pull into 13026-13015 (S1). Keeping open minded going into tomorrow, but having plans in place depending on market condition and price action.
CME_MINI:NQM2023
by tradeswithjess
NQM2023 Chart for 4/27-4/28 S/D LevelsCrazy bullish move, it came close to my long target as mentioned in my previous trade idea! Insane! I am looking for a possible gap fill and rejection off the upper supply zones 273-326. But granted we have lots of liquidity sitting up there, we may see a nice squeeze through with the large gap fill and its end of month! Otherwise our P target sits at 13166, which sits in a demand zone. There is lots of gaps to fill to the downside from the fast bull move up as well.
CME_MINI:NQM2023
by tradeswithjess
NQM2023 Chart for 4/27 S/D LevelsI participated in the London Session, therefore, I did not have charts drafted for this morning. I just cleaned out the layout for how my charts will look moving forward, until the next adjustments. Using traditional pivot points, S/D zones, and liquidity/order flow to make my best judgment of trades. As of today we are hitting R4 to shoot for 13200. If we hold and close strong over 13220 area, I am interested to push to 4/17 high 13284 area. We have broken out of the last 2-week downtrend, looking to break the high of the downtrend of 13284. If we can continue this momentum, can we retest 4/3-4/4 hights? Of course expect pullbacks in between. Downside targets to test is 13050-13020; if we fail to bounce from this zone, I would like to see the target of 12971 zone to be touched. This has been an interesting last few weeks.. here is to letting the market play out whatever it wants!
CME_MINI:NQM2023Long
by tradeswithjess
NQM2023 Chart for 4/20-4/21 S/D LevelsWe had lots of movement for bulls/bears today. For upside, still looking for a strong break up and close over 13227 (5M supply) into 13278 zone. For downside, I am looking for a pull through 13023 LOD and close under it. We have large demand area starting at 12998 to 12957. There is an overlap in this demand zone with multiple time frames so it would be interesting to see buyers step in there. Right below this area you can find a 3 hr demand waiting as well. Staying neutral tomorrow entering the market.
CME_MINI:NQM2023
by tradeswithjess