NQ-nalysis

March 31st, 2015, 03:31 PM

Scalpingtrader

80-40-1 Unirenko // monthly perspective

Overall bull market, in a consolidation range / retracement for the last month.
Support area below: 4270 - 4220 , potentially all the way down to 4190's.

Most recently: strong selloff, followed by VWAP band rejection and consolidation into fridays close at the monthly PP.

Possible scenarios:

1) moving higher into monthly VWAP area at 4380's ; from there

a. push down into monthly lows / support area 4270 - 4220/ 4190's
b. break above to retest monthly highs at 4470's

i. break and push towards 4570
ii. failure and retracement back to the downside 4330's, 4270 thereafter

2) reversal lower at around monthly pp & VWAP band, 4325

a. double/triple bottom 4275's

i. push to top 4470's and new highs 4570
ii. failure and continuation into and potentially below the support zone

b. break of monthly lows

i. support coming in between 4270 and 4190's ; push to the highs
ii. break of support, shooting for 4100.

My "favored" scenario(s) are in bold.

nice call on #1

March 31st, 2015, 03:34 PM

jackbravo

nice call on #1

thx - not too difficult to hit a bullseye with that many scenarios

gotta be prepared though!

March 31st, 2015, 11:44 PM

Big emotion emotion in the overnight. I think it is going down to 4240 , possibly 4200, then a short squeeze of epic proportions.

April 2nd, 2015, 09:45 PM

wedgie

i'm positioned to the downside, but have no convincing evidence one way or the other. just my read of price action and i like to be in the game. rumor has it tomorrow's numbers are going to be soft which would be bullish??

April 2nd, 2015, 11:29 PM

bobwest

LOL. Very secret sauce....

Not that the fib stuff you showed is at all bad. I always have trouble making them work, except in hindsight.... Will be interesting to see if it can work out consistently going forward.

Bob.

I totally agree here. It's always in hindsight. These things are just kinda funny that way, I guess. But yeah, these fib methods look fine.

April 3rd, 2015, 09:20 AM

wedgie broken

April 6th, 2015, 04:24 PM

Market again respected 100 SMA today. I have not traded with the MA in NQ live yet but it works great and I have tested it more that 8 months on Papermoney on CBOE. 21 DEMA is currently a resistance.

April 7th, 2015, 09:41 AM

jlwade123 · April 7th, 2015, 11:30 AM

Hope you don't mind my posting the Daily chart in NQ that shows previous year VWAP upper 2 just got hit and NQ still in the middle of a 20 EMA high/low/close channel. I'm thinking this could be a turning point and am watching price to see if it gets out of value again today or continues flushing down. Right now sitting on the edge of value at 4361.

April 26th, 2015, 12:02 AM

Pretty Self Explanatory:

As we've hit resistance, I wouldn't be surprised to see a retest of the previous swing high which is also the 50% projection at 4480.

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