NQ Power Range Report with FIB Ext - 5/16/2024 Session
NQM2024- PR High: 18715.75
- PR Low: 18687.50
- NZ Spread: 63.25
Key economic calendar events
08:30 | Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
Inching into new ATHs
- Prev session momentum with returning participation
- Holding above prev session high
- Mechanical 18740 supply, inventory off PR high
- No major correction since CPI numbers
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 251.45
- Volume: 22K
- Open Int: 250K
- Trend Grade: Bull
- From BA ATH: -0.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
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