NASDAQ 100 / Eye of the Storm Podcast 5/01/2022 by Michael Filighera скачать в хорошем качестве

NASDAQ 100 / Eye of the Storm Podcast 5/01/2022 by Michael Filighera

I am looking to start the week with a Podcast and include more discussion on Elliott wave and trading. Therefore, longer update tonight as I go into more detail. Friday's trade was interesting and very profitable.  The NQ initially saw some buyers move in via AAPL, FB, TSLA, and MSFT as early expiration "wishes" were let loose.  That was short lived-in as the upside lasted all of 30 minutes before the sellers moved back in and resumed the trend which is down.  The Elliott count remains the same in that the NQ complete minute wave 2 at Thursday's 13542 high.  Friday's 13433 high then completed a smaller degree 2nd wave with the smaller 3rd wave kicking in and taking the NQ down over 500 points.   For Monday, expectations remain for minute wave 3 to continue.  This thought would gain support on a break below 12800 and I do expect the NQ to break that level and continue lower.  I would be looking for bounces to be small and held by resistance via the 8, 20, and 50 MA's.  Support comes in at 12623, 12337, 12050, 11840, 11643, and then 11125.  Ultimately, minute wave 3 is likely to complete between 10552, 10198, and then 9625.   WEBSITES: Traders Helping Traders - https://tradershelpingtraders.com Support and Resistance - https://supportandresistance.com --------------------------------------- Required Disclaimer: Commodity Futures Trading Commission: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.