NQ Power Range Report with FIB Ext - 7/8/2024 SessionCME_MINI:NQU2024
- PR High: 20618.00
- PR Low: 20581.25
- NZ Spread: 82.25
No key economic calendar event
Hanging below Friday's high
- Daily print showing strength in ATHs
Evening Stats (As of 10:45 PM 7/7)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 252.98
- Volume: 16K
- Open Int: 265K
- Trend Grade: Bull
- From BA ATH: -0.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
Weeklyopen
2/3 Objectives Reached Already! (Date: 010323)There was a huge Gap up on the open for this week, which I have noted on the 15m Time Frame. This Week's Gap lines up with Last Week's Gap and that will be my hard line in the sand. If Price was to break this, then we will be going lower. But, I think Price will bounce off it and extend higher towards 3920 first.
Stay Tuned...
19/12/22 Weekly outlookLast weeks high: $18378.5
Last weeks low: $16535.5
Midpoint: $17457
Last weeks price action had almost double to the trading volume as the previous week mostly due to the FOMC and CPI events. A retest of $18200 key area resulted in a swing fail and saw price return to the $16700 area of the previous week. As the year comes to a close it's safer to assume that volume will not spike higher than what we saw last week.
SPX Sell 9/28/22SPX Sell 9/28/22
Didn't get a chance to post it and its already at BE and target 1
Adjusted SL on the open to 3688
Partialed at target 2
Mid-week expectation valid and from the highs we have dropped to the area we though it would push to. The question is still, do we stay inside the candle from yesterday on the daily (candle made this week's high and low)?
CPI tomorrow will probably be a good move.
SPX +FVG failure I'm usually looking for my trades between 7am-12pm. Initially was looking for a BUY but the sell setup took over and I needed to remind myself of what it looks like when a +FVG.
Bullish POI, where I would normally be looking for a BUY entry and target the last highs made.
Price traded through the Bullish POI, a +FVG, then we traded retested the lows of it and continued to fall from there.
SPX
No trades tomorrow!
SPX Sell 927/22 Good WinSmall Sell on SPX with a gain but nothing big
3708 entry
3716.50 SL
3691.90, 3680, 3673.70 targets
Since we're ranging I decided to sell the highs. we did make it to my first target which was basically the weekly opening price and I adjusted my SL into profit.
Price pushed back up to take today and yesterday's high out and ran back down to target 1 again. Added back on near my SL but already at BE with no complaints.
Second entry
SPX 9/26/22 No new entries so far So far no new entries on anything today and I'll probably leave it that way. We have had a confirmed response to the +OB and the +FVG after opening up the week to the downside. That said, we are still heavy and holding within a range (3704.10-3657.90) for now.
10:00am
USD
FOMC Member Collins Speaks
4:00pm
USD
FOMC Member Mester Speaks
These two news events are going to likely drive us for the day so I'll likely hold on for those and look for a response to whatever POI we are near at those given times.
SPX
SPX setup 9/20/22Trading inside yesterday's move up and near the weekly opening price.
Currently inside a 15m+FVG on no volume so I'll be paying attention to this area for the time being. The times and sales and level 2 aren't showing anyone big trading for now, so we wait.
I'm neutral to bullish for the short term but if we trade near the daily and the 15m-FVG and reject, I don't mind reversing the position in the opposite direction.
Hypos SPX 4-4-22Hypos on SPX:
1. Primarily looking to see if price pushes into the D-FVG to fill the imbalance and continue to push down. As it stands there hasn't been much movement and price is hanging just below the FVG(L) by about 10 points. Also we've traded in a about a 25 point range and that's about it all night with the opening sitting at about 50%.
2. Second hypo, we drop down into the daily wick and hold to buy in that wick range around 4525.05. If this happens then I could see us rejecting here to move up further into the FVG or continue to higher to take out the last high.