Nasdaq (March 2025) - AI All-Time High Boom!

25 gen

Nasdaq is trailing higher, just as ES and YM are but the market to watchout for is ES. Refer to this weeks analysis of ES to gain a deeper understanding.

Unlike ES where i am targeting all-time highs, I am more fascinated with the midpoint of the highs and open of the 16th Dec 2024 weekly candle as I would like to study how price reacts from this area.

30 gen

Trade attivo

Monday, the $20,766 weekly order block was met with aggression, leaving open the daily volume imbalance before a repricing to intra-day highs ensued.

Unlike ES, where the new week opening gap low was met, NQ has failed to do so.
Bias is still long, with the targets being the same; the NWOG low for the first target and NWOG consequent encroachment for the 2nd target.

30 gen

Nota

Similar to ES, new weekly highs for the week has formed whilst also closing bullish for the day.
There is a very high likelihood that ES and NQ will follow suite, whatever way the market will turn and if ES is to continue it's intraday bull run into a end of week bull-run then i can expect NQ to follow suite.

Nasdaq is the weakest out of all three stock index pairs this week

1st: Dow Jones
2nd: S&P 500
3rd: Nasdaq

2 feb

Trade chiuso: obiettivo raggiunto

This is a good instance of being right and wrong at the same time.
It's all about the narrative.
In my previous daily analysis, i was expecting price to faulter inside of the volume imbalance, very similar to ES.
We got that.
Now we are seeing weakening on the short term timeframes.
Will we sell-off next week?