Nasdaq-Simple Intraday Strategy

My idea was also rubbish, not implemented.
All levels are being sold.

Gold nasty moves: Up $200; down $300 $500 so far; monthly historic candle $1200!!!

RED Day across all instruments!
Insane moves...Crypto; Gold; Bonds; US equities.

a short for holiday pay

Short at 25583
-out with -113 points

Took a long at 25685
-was away until now, closed with +215points

Good day!
NQ retraced to VA and created a new HL at Daily TF.
With the nomination of the new FED's Head who will cut rates which is good for Equities. Retails might jump immediately and buy, but I expect large hands to sell for two reasons: 1) Trap early buyer birds; 2) make pressure on the new FED to print QA and cut asap.
Hence, I see, NQ creating a new LH and continue south for a new LL.

(Note: exceptionally I traded early Asian session and sold Gold which made my week and month revenues)
Happy Friday Everyone!

UD Inflation data (i.e., core PPI and PPI) came strong green! This is not good for equities.

Sold this.

Took partial with 100 points. It was quick

Heyy i didn’t like the quality of price action today. Took a fast SL and called it early... Overall great month for me anyways. Great weekend yall.

Sold at 25659 (a little late called ik)
-closed with +139points

Another day with an insane move in Good; so far a drop of $700 and still going down!

Closed the remaining with additional 280 points.
Very nice day for me!
Today with last night Gold trade made my week and month very green!
Have a great weekend Everyone!

watching for correlations between NQ and SP500 works best on the news for me. The FOMC rate cuts especially. Last one was of course a big nothing-burger, but previous ones always showed clear divergences. I'm not sure why algos don't pick up on them. Maybe 1-5 minute trading is too 'boring' for them, as they operate on nanoseconds...
Sure its only a few times a year, but its nice printing almost each time, keeps my confidence up.

Monthly/Weekly Analysis!
Good Month/Week!
FA Analysis:
1- New FED's Head: Done!
Free money and rate cuts will come later. Meanwhile, market will make pressure of the FED and Sell the news.
2- High Risk:
2.1- USA Internal Affairs: Minnesota & ....
Market started paying attention to the situation in USA and high potential expansion to other areas.
Also, all Pool Results are showing Trump loosing support even from people who voted for him. So the impacts on the mid-election will be considerate.
2.2- Overseas Wars: Imminent one with Iran (most likely this week!)
Trump is using tariffs as a leverage to get what he wants from Europe and the rest of the world.
3- Macroeconomic factors:
3.1- Last Friday, Inflation data (i.e., PPI) showed an Overshoot. Market will pay a strong attention to the next Inflation data. Any other overshoot will jeopardize the free money and rate cuts.
3.1- Earnings Season:
So far, earnings were between inline and disappointing. So we won't get a push up from this side.
4- Upcoming weekly FA data:
The month will start with very relevant date from CBs, economic data, in particular NFP.
Good data will be considered good for equities and vice-versa for bad data.

In conclusion: Most of the above FA factors converge towards a Negative Outlook for US Equities/NQ.

TA Analysis
Monthly TF:

The Monthly candle is Bearish.
Price is below TL.
The target to achieve is 18800. It won't be straightforward!
Weekly TF:

Same as Monthly, we got a bearish Weekly close.
(From Yearly Outlook:
NQ is in the 1st wave down which comprises an Initial Wave, a Retrace, and an Impulsive Wave.
I mentioned that the Initial wave is very slow. Based on the Weekly chart, I think NQ has completed both the Initial Wave and the Retrace Wave.
From last week, NQ has started the Impulsive Wave. The Impulsive Wave is supposed to be very quick and insane.)
Daily TF:

The daily close is also bearish. Still price is within HH-HL. I think price will go south immediately to create a new LL.

In conclusion: All TFs are BEARISH. A continuation down is the least resistance.
(Note: Market might open with a down gap).
Happy Month/Week Everyone!
(Note: If you enjoy the analysis, give it a thumbs up and if you've a different view, please share it!)

Well, we will have a great february, a completely turnaround, for the realisations of all your hopes and dreams, insofar you have a minimum of spiritual interests, with the exceptionnal full moon today and to-morrow.

Look closely @ following video:



Enjoy

Good day!

NQ made a new LL during Asian session and European session bounced up. NY should continue south and close the day below 25265.

Bullish OR. In my view, this will be a trap. 25650 could be the top.