NASDAQ ($NQ1!): Is the Fed, Stimulus, and Tech Enough?
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Today we are looking at NASDAQ Mini Futures (NQ1!) for all of you looking to play QQQ or its derivatives. The Federal Reserve is buying ETFs, stimulus is pumping, and tech is flying with everyone staying at home. Unsurprisingly we have been seeing the Qs inch back up near all time highs recently. It is hard to bet against the NASDAQ, and those who have been have been getting rekt. Still, the tide changes quick and the past few days have seen the market sell off with that selling exaggerated by Powell calling for more stimulus and saying the Corona Crisis is without precedent. Still though, it is likely a more profitable move to buy into the dip than the FUD. Our strategy seems to think so, let's see how this plays out.
Resources: reuters.com/article/us-usa-fed-powell/in-nod-to-grim-us-outlook-feds-powell-calls-for-more-fiscal-support-idUSKBN22P1FG + cnbc.com/2020/05/12/the-federal-reserve-will-start-buying-etfs-on-tuesday-heres-how-to-ride-its-coattails.html + marketwatch.com/story/dow-slips-more-than-200-points-at-wednesdays-open-as-stock-market-parses-powells-comments-2020-05-13
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 4 hour chart. This is no surprise given the recent strength in tech.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Blue) and/or bullish S/R levels plotted by Directional Bias (Blue).
3. As you can see, we just got a long entry from the strategy at S1. The hope here is that we will get continuation of the bull trend with a retest of the R2 range containing the bearish orderblock and S/R flip right above the ~9430 gap.
4. If the S1 setup gets stopped out, then there is another swing setup at the S2 - S3 range assuming Fractal Trend is still giving us the green light. If the trend is indicated as down at that point we will not be looking to trade. We don't trade against the trend regardless of how juicy that setup may look. There will always be other trades.
Like, Comment & Follow to help the community grow 🎉🎉
---
Today we are looking at NASDAQ Mini Futures (NQ1!) for all of you looking to play QQQ or its derivatives. The Federal Reserve is buying ETFs, stimulus is pumping, and tech is flying with everyone staying at home. Unsurprisingly we have been seeing the Qs inch back up near all time highs recently. It is hard to bet against the NASDAQ, and those who have been have been getting rekt. Still, the tide changes quick and the past few days have seen the market sell off with that selling exaggerated by Powell calling for more stimulus and saying the Corona Crisis is without precedent. Still though, it is likely a more profitable move to buy into the dip than the FUD. Our strategy seems to think so, let's see how this plays out.
Resources: reuters.com/article/us-usa-fed-powell/in-nod-to-grim-us-outlook-feds-powell-calls-for-more-fiscal-support-idUSKBN22P1FG + cnbc.com/2020/05/12/the-federal-reserve-will-start-buying-etfs-on-tuesday-heres-how-to-ride-its-coattails.html + marketwatch.com/story/dow-slips-more-than-200-points-at-wednesdays-open-as-stock-market-parses-powells-comments-2020-05-13
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 4 hour chart. This is no surprise given the recent strength in tech.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Blue) and/or bullish S/R levels plotted by Directional Bias (Blue).
3. As you can see, we just got a long entry from the strategy at S1. The hope here is that we will get continuation of the bull trend with a retest of the R2 range containing the bearish orderblock and S/R flip right above the ~9430 gap.
4. If the S1 setup gets stopped out, then there is another swing setup at the S2 - S3 range assuming Fractal Trend is still giving us the green light. If the trend is indicated as down at that point we will not be looking to trade. We don't trade against the trend regardless of how juicy that setup may look. There will always be other trades.
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