NQ1! 9/10/23 Supply and Demand Levels
Link to chart: tradingview.com/chart/5XGqlTVf/?symbol=CME_MINI:NQ1!
Heavy news this upcoming week and the rollover for Futures contracts on 9/13.
CPI falls on 9/13 as well, so prepare your charts accordingly!
Given the rate we are at for inflation and the housing market supply/demand, I am preparing for either a push to break this wall of resistance we have been facing the past few weeks (pink line) or a break of the blue trend line below.
EOW Targets:
BULLS 15730-830 or 16000
BEARS 14800 or 14990-15100
If you zoom out and look at the HTF (4HR), we have a possible head and shoulder from June to today. We also see constant support off the blue trendline for that continuation to the upside to reach the head. It's a waiting game, let's be patient to find out what happens this week!
Heavy news this upcoming week and the rollover for Futures contracts on 9/13.
CPI falls on 9/13 as well, so prepare your charts accordingly!
Given the rate we are at for inflation and the housing market supply/demand, I am preparing for either a push to break this wall of resistance we have been facing the past few weeks (pink line) or a break of the blue trend line below.
EOW Targets:
BULLS 15730-830 or 16000
BEARS 14800 or 14990-15100
If you zoom out and look at the HTF (4HR), we have a possible head and shoulder from June to today. We also see constant support off the blue trendline for that continuation to the upside to reach the head. It's a waiting game, let's be patient to find out what happens this week!
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