Nasdaq-Simple Intraday Strategy

Good day!
During Asian and European sessions, price retraced and broke the upper TL. Closing above TL, it will end the down movement for ST.
This said, I want to pick your attention on two news:
1- What is happening currently in Germany in terms of unlocking the spending, including military spending is very relevant for the future. As a consequence, DAX and all European equities are rallying up in contrary to US equities. Also EURO is rallying up.
2- TSLA stock is in free fall; TSLA worldwide revenues are dropping; it becomes alike a symbol to demonstrate the worldwide frustration against Musk and Trump administration (bullying, tariffs). For reference, I attach TSLA chart highlighting Price target in the near future.
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See you later after the opening range and Consumer Sentiment data.

The 5min opening range is a strong bullish!
Consumer sentiment will give the right direction.
H1 TF is providing a bearish flag.

Edit:
Data came undershoot!
So we should see a continuation down.

Here is my potential Sell entry.

.... I've to leave now... I won't be able to watch it. See you later. GL!

Price did not behave as expected! I was wrong. At least, I did not have any loss as price did not break the bearish flag and the opening range.
This said, I took this one right now.

Upcoming Weekly Analysis
FA Analysis:
1- This week, we have major central banks meetings. The most important one is the FED. Market is seeking hints and signals for free money and rate cuts to tackle the manufactured recession created by Trump "policies".
Any signal of free money from the FED will be well received; any other outcome will be translated in a huge sell-off of stocks and equities.
2- Last week, we saw that US equities and European Equities were moving in opposite direction! This tells us that money is fleeing US market. So the sell-off of US equities is not temporary; Investors and corporations seem lost confidence and trust in US Stocks. This has to be confirmed with the FED.
3- Also last week, we saw a huge undershoot of US Consumer Sentiment.

All the above are very bearish US Equities. The FED and tax cuts are the only factors that might save US equities in the ST. The damage in the MT&LT seem irrevocable.
TA Analysis:
Weekly TF:

Attached Image (click to enlarge)

NQ provided a weekly bearish close with a large wick. The weekly close was just above a Monthly support (dashed green line).
If we receive positive signals from the FED, price should retest 20315 (the previous higher swing of the Monthly support (circle).
If not, sellers will continue the downtrend.
Daily TF:

NQ provided a green Friday candle, but it was an inside the previous red candle. So no break, no shake from daily perspective.
I mentioned last week that the area 19100-19600 will be the next MT&LT Support/Resistance area (yellow box). As you can see, this scenario seems correct.
I think price will continue consolidate in this area until the FED.

Trade safely and wish you Good luck!

Good day!
NQ reached the top of the ST Range. If my analysis is correct, price should move down to test the bottom of this range or at least Friday low.
Let see!

Price broke the top of the range at lower TF. Hence, I'm not trading so far until clear direction.

I‘m seeing a clean downtrend so far. Don‘t think the dip is over, if it even stays a dip and doesn‘t chanche to a recession.

The top of the range held!
It's late for the day, but it might happen tomorrow or during Asian/European sessions.

Nvidia Dips Ahead of CEO Keynote at GTC AI Conference
NVDA slipped 0.2% premarket after a 1.8% drop Monday. Investors await Jensen Huang’s 1 p.m. ET keynote for AI-related updates.

1. Support: 118-117.70, next at 112.20-112.85
2. Resistance: 123, breakout targets 128

Market volatility expected post-keynote.

Good day!
Price closed yesterday above the ST Range and during Asian session it retraced down and broke TL. FED is tomorrow, I don't think a lot of action until then unless some crazy tweets from the circus.
Will see the opening and take it from there.

Here my Sell order after the breakout and a bearish retest.

Very strong bearish candle, think we are going to see new lows today.

Will the FED change the direction?...

Gap vs gap

Waiting for Nvidia conference, could shoot the market up

This was cancelled.
See you tomorrow.

Good day!
Big day today! Today's FED is one of the most important ones this year.
Does the Fed bend the knee to Trump and print free money and rate cuts ( for the next meetings, not this one) or not? The Conference will be very relevant to watch.
Market is looking for a relief sign; otherwise, NQ will drop heavenly. Only precaution here is that many large funds and corporation are still holding from above and their pants are down right now or under the water. So there is a possibility that, even with no hint from the FED, they will push the price up (yellow box) to liquidate their positions and sell from above. This will be short live up move. Hence trade safely and keep in mind this possibility.

FED projections confirm the slowing down of economy (to avoid saying recession) and higher inflation and a .50 point rate cut this year.
All these are very negative factors for NQ/Equities.
The conference is key regarding any new QE- free money.