NASDAQ Futures - Consolidation & Uncertainty
Hello people of the world!
Alright, apologies the video went a little longer than I would have liked, but ultimately what it boils down to is the fact that today was very choppy and volatile. Lots of day trading opportunities in both directions, but that certainly doesn't help the uninformed and novice traders.
TWO LEVELS to pay attention to on these NQ futures:
Bearish below 18850
Bullish above 19140
It's really as simple as that. We're in a choppy zone right now as I outlined in the chart. If you're in to Elliott Wave Theory and you see this decline as a wave 4, you want to see the NQ price action stay above ~18560 and really you don't want it to go anywhere near there. Holding that 18850 level is what you desire.
The bullish idea remains valid above 18560 but gains confidence on a push above 19140. If that happens, then we can talk about upside targets, but for now, best to just wait and see. Other names like AAPL did not perform as well today compared to things like TSLA.
Happy Trading!
Alright, apologies the video went a little longer than I would have liked, but ultimately what it boils down to is the fact that today was very choppy and volatile. Lots of day trading opportunities in both directions, but that certainly doesn't help the uninformed and novice traders.
TWO LEVELS to pay attention to on these NQ futures:
Bearish below 18850
Bullish above 19140
It's really as simple as that. We're in a choppy zone right now as I outlined in the chart. If you're in to Elliott Wave Theory and you see this decline as a wave 4, you want to see the NQ price action stay above ~18560 and really you don't want it to go anywhere near there. Holding that 18850 level is what you desire.
The bullish idea remains valid above 18560 but gains confidence on a push above 19140. If that happens, then we can talk about upside targets, but for now, best to just wait and see. Other names like AAPL did not perform as well today compared to things like TSLA.
Happy Trading!
CE - BitDoctor
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