NASDAQ 100 E-mini FuturesUpdated NQ Targets
The NAZ popped 50 Points at 4am, can't seem to find reason. Could be small propping, expect "Air Bubble" pop back toward 12890 prior to Open or 1st half hour of Open. Should this hold, I believe it will be a LONG trade from there. Month End movement may create added vibrations near day end. VIX is up and 10YN is stable at lower level. Previous days 12800 has provided support, attached chart is update regarding the appearance of potential upward movement of NAZ & Russell.
Trade active
PB buying should work, NAZ & Russell need to stay/get above current levels.Trade active
Long 1st target 13070 and 2nd Long target 13125.Trade active
Long Target 1 is hit, watch for a PB before next move. At next Target look to Short side.Trade active
Close Stop, picking up Volume Divergence. May have 40 point PBTrade active
PB underway, Side Trade: Quick Long Buy at current level or 13040, set target at 13100 - 13125Trade active
2nd Target Needs to pass or sell it. 2 points away. NOT recommending Short just yet.Trade active
Current Key Level: from this level, here are the options. Just a heads up. Trade active
2nd Long Target Hit.Trade active
Next PB will be "Air Bubble Move" 50 PTS from high, then back up or slight to no recovery. I am not seeing Full On Short.Trade active
Caution: Midday reversal to SHORT territory, Russell and Dow not advancing. Watch for Sell the News action later in day. Day high of 13146 needs to be passed and kept above.Trade active
Should the NAZ not stall or PB and bounce, next Long target #3 13225, Long with Close Stop. Not seeing Short.Trade active
If you got Stopped out, sit and watch.Trade active
PB Support at 13090, SL at 13085 let Long Run if still in. 10YN is at lowest level of week, this will get some notice or can support a run up should it reverse.Trade closed: target reached
PB support held. Trade Closed.
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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.