NASDAQ QQQ ETF supply and demand analysis and forecast for 22nd April 2019. NASDAQ QQQ ETF has broken all time highs around 187 again after a strong correction that lasted a few weeks.
There is a clear long term weekly and monthly uptrend with all time highs previously eliminated and brand new demand zones created on bigger timeframes like the one on the weekly timeframe around 180. In an uptrend, supply levels are eliminated and demand levels are created and respected.
NASDAQ QQQ ETF has already broken all time highs, expecting to see similar price action on SP500 SPY ETF and other american indexes like Dow Jones and Russell 2000 indexes.The bigger the impulse created by new imbalances of demand the better. There is no reason to go short counter-trend on NASDAQ QQQ ETF when everything is heading north and new demand levels are being created. Trading with the trend is always higher odds.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.
Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
For more information on how to trade Forex and stocks using supply and demand imbalances visit
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Hi thanks for these good analysis i’m a new subscriber and keep going !
Your welcome Greg
@Set and Forget Trading Community i have a question if in daily chart , bearish trend , the daily demand broken by H4 supply and also daily supply ,which one do i take ? the supply daily or H4 supply ? thanks
@Greg pro A top down analysis is required, these analyses I upload are not a signal service, you need to know what to do, I can’t tell you which one to take since I am not a signal service
@Set and Forget Trading Community ok i understand thank you
If that previous supply zone gets violated, you essentially don’t have a curve anymore because there is no supply zone . In such a situation you can buy the pullbacks to the established demand zones without it being considered too expensive or high on the curve.