Nasdaq-Simple Intraday Strategy

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Upcoming Quarterly/Monthly/Weekly/Daily Analysis:
FA Analysis:
After the latest FED and China stimulus, market is very happy with the free money. FED also has projected at least another 1 point cut until end of year. So the ST/MT outlook for equities is Buy.
Any bad macro data, it will be bad for equities, but for very short time and short retraces. The main direction is up.
Next week, we have very relevant economic data along the week. The most important ones are:
a- JOLTS Job Openings (Tuesday)
b- NFP (Friday)
(Note: Keep in mind when I mention "short time and short retraces" the timeframe you're looking for. Here the analysis is for Q/M/W/D).
From risk perspective, there is almost nothing relevant to market:
1- We've US election: Kamala winning is status quo; Trump winning will boost the buy side as a knee-jerk reaction.
2- Risk of war, only if it becomes regional war which it won't happen. In my view, Iranian won't enter in any war even if they kill again their president; their only objective is to complete their nuclear program; whatsoever happen, they won't move from their only objective.
Hence, I consider the risk factor is completely out from the equation.

TA Analysis:
Quarterly TF:
NQ is closing in the bullish area. It's better if the close Monday be above 20085. But the Quarterly candle is providing a huge wick that tells us buyers have the upper hand and we should expect a new ATH during this upcoming quarter.


Monthly TF:
NQ is providing a neutral close to bullish candle. The large wicks from the last two months are sufficient to confirm that buyers have the upper hand. A close above 20085 is expected this Monday.
Weekly TF:
NQ close was bearish in my view. The large upper wick shows that the latest sellers were able to gain territory and gain this fight. This weekly candle tells us that we might continue the retrace down in the coming week(s) to 19400-18950.

Daily TF:
NQ was bearish. We should expect ordinarily a continuation down, however tomorrow is the end of Q/M. Hence I expect an important fight to close the quarter and month above 20085.


Hourly TF:
Monday is the end of M/Q. I see a quick test of Friday low, then up to Friday high and a fight until the end of day to close above 20085.

Hope you enjoy this analysis and wish you green upcoming days, weeks...! GL!

Thank you for your analysis it's always appreciated.

Thank you for your time and analysis, cheers to a blue week. @Fadhl.

Really Appreciated @fadhI

No trade today?

Good day! As mentioned above, NQ already tested Friday low and I think we're going to test Friday high. We got a bullish opening range. I'll jump in with the test of the opening range.

I'm in.

STOPPED!

I took the same trade but realized I was catching a falling knife and got stopped out.

Once market open market started to be bullish but once it reach liquidity it started a break of structure which I should’ve known that market was going to be bearish. Took two trades today. I went long because I was using fadhal like a signal when to take a trade but I regret doing so. Always listen to yourself. But caught a nice trade at the end

I waited for a confirmed HL. So far so good although I didnt think the previous low would hold. !!

I closed at BE.

Not feeling very positive about this one !!

I totally agree with that. Always trade your plan.

I'm in again

Stopped again! Clearly, this is not my day! I'm done for today.
Will see how the close be for M/Q.

Possible sell...

Same idea...

Thats exactly what I thought......

Good day!
1st day of the Quarter and Month! Both Q/M closed bullish with strong wicks which is a proof that buyers are sitting there. also price did not close above 20085 which also another sign that the move to anew ATH is guaranteed.
However, both W/D (Friday) were bearish. Hence, I expect a retrace to 19400 and possibly 18400. All bad data will fuel this retrace.
For intraday, NQ is consolidating.
We have major data today: JOLTS Job Openings and Manufacturing PMI. Job opening is more important in case of mixing data, but bad data bad for equities and vice-versa.
I won't be around at NY opening. I suggest that you wait for the news to trade. GL!

I think with the consolidation and based on Weekly and Friday close, it's going south particularly if data is red.