NASDAQ 100 E-mini FuturesUpdated NQ Range 3/29/21
Next week will be busy, Month End, Quarter End and Friday (Close). This past week the NQ played in a range of 450 points of which 250 popped up in final 2 hours (mostly final hour). The 10YN did drop and closed at its low of the day, yet the NAZ rallied into the close. I have provided some Buying & Selling Zones, Buy Zone 12750 Area / Sell Zone 13100 Area. Depending on 10YN effect prior to Open Session, go Long and Short from Zones until we break above 13140. White arrows are Long only Targets, 13400 is likely target during the week. Just need the ME & QE and 10YN variables to work through. I will provide updates, intraday.
Trade active
The chart below (Reversal Targets) was referenced on March 25th, you can compare the positions to current. The NAZ appears to be forming a W, the retrace to 12800 and bounce (big) could be a next major move. On the other hand, should the Dow and SP fall, we could see pain for all 4.Trade active
10YN is holding up and the NAZ did drop to 12807 and bounced 140 points, look for index to retreat back down to 12890 around OPEN, that may be the next buying opportunity. I would not be looking on short side today, Mondays are typically big Long days. We may see PB later in day should we not pass 13100 zone.Trade active
The buy at 12890 did hit and provide the 80 point run and drop back below the 12890 area. Look to remain Short under 12895.Trade active
Next Short Upper limit is 12945, 10YN is negative.Trade active
NAZ likely retest of lower end is likely. 12807, potential buy area.Trade active
Retested, look to go long. Watch for stabilizing first. 10YN is still down.Trade active
Caution on next Long. Not seeing strong support just yet.Trade active
Long is underway, watch for PB later today.Trade active
10YN is down and VIX is up 8%, the Dow and SP have to hold at high levels, Russell will need to rebound from drop. NAZ may Grind higher?? close TS (not a given today). Long Upper Target 13080Trade active
PB underway, FANG is up. Watch for reversal to Long.Trade closed manually
Typical Range day. Buy at Lows and Short from highs. 10YN and Russell performance is a concern for balance of week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.