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Micro E-mini Nasdaq-100 Index Futures

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MNQ1! trade ideas

NQ Power Range Report with FIB Ext - 8/23/2024 SessionCME_MINI:NQU2024 - PR High: 19637.25 - PR Low: 19612.50 - NZ Spread: 55.25 Key scheduled economic events 10:00 | Fed Chair Powell Speaks - New Home Sales 20000 pivot short back towards daily Keltner cloud - Maintaining previous session lows ahead of what could be a high vol Friday morning Session Open Stats (As of 1:55 AM 8/23) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 401.27 - Volume: 21K - Open Int: 234K - Trend Grade: Bull - From BA ATH: -6.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 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
CME_MINI:NQU2024Long
by mv3trader5
NQ Power Range Report with FIB Ext - 8/22/2024 SessionCME_MINI:NQU2024 - PR High: 19944.00 - PR Low: 19912.25 - NZ Spread: 70.75 Key schedule economic events 08:30 | Initial Jobless Claims 09:45 | S&P Global US Manufacturing PMI - S&P Global Services PMI 10:00 | Existing Home Sales Nondirectional volatility spike follow FOMC release - Maintaining range of previous 2 sessions Session Open Stats (As of 10:35 PM 8/21) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 395.55 - Volume: 11K - Open Int: 234K - Trend Grade: Bull - From BA ATH: -5.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 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
CME_MINI:NQU2024Short
by mv3trader5
2024-08-21 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. tl;dr Indexes - All green, all good. Bulls want more climactic buying but have to settle with grinding it up. Bears are not building enough selling pressure to print consecutive bigger bear bars on higher time frames. Only look for longs until that changes. As of now, there is no reason not to expect much higher prices and new ath. nasdaq e-mini futures comment: Much two sided trading today but bulls closed it green and they are making higher highs and higher lows. We are close to 20000 and will most likely hit it tomorrow. Market is not stopping so looking for shorts is a bad strategy right now for most traders. Bears built decent selling pressure today but to no avail. Market refuses to go lower as of now. Above 20000 I don’t think bulls have any resistance until 20200 but that is weak resistance at best so it’s not totally out of the question that we will just continue in an almost straight line to 21000. For bears there is nothing but pain right now. They would need a strong 1h close below 19700 for a start and many stops would probably be below 19450-19500. current market cycle: Bull trend in bigger trading range key levels: 19500 - 20000 bull case: Bulls only see a 15% up move from the lows and absolutely no reason to exit longs anywhere. They want to dance while the music is playing. Buying is becoming climactic and this increases the odds of a pullback. 20000 is a big round number and we could see the start of some profit taking there but for now I have my doubts. Invalidation is below 19500. bear case: Bears are not doing much. They tried multiple times today to keep the market from advancing too much and at least they kept it below 20000 but as long as they are not even touching the 4h 20ema, they have to content with scalps and taking quick profits. The best bears can hope for is to keep it below 20000 but the odds of that are low. Invalidation is above 20100. short term: Can’t be anything but bullish above 19700. Below I turn more neutral medium-long term: This climactic blow off top is/was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months. —unchanged since 2024-06 current swing trade: None trade of the day: Between the orange lines was decent two sided trading but many many weird spikes and difficult trades to take. Buying 19800 was probably the best today.
CME_MINI:MNQ1!Long
by priceactiontds
NQ Power Range Report with FIB Ext - 8/21/2024 SessionCME_MINI:NQU2024 - PR High: 19819.00 - PR Low: 19787.50 - NZ Spread: 70.5 Key scheduled economic events 10:30 | Crude Oil Inventories 14:00 | FOMC Meeting Minutes Swinging inside range ahead of FOMC day - Auction continues inside previous session range Session Open Stats (As of 11:15 PM 8/20) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 409.61 - Volume: 14K - Open Int: 237K - Trend Grade: Bull - From BA ATH: -5.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 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
CME_MINI:NQU2024Long
by mv3trader5
The NASDAQ index is gearing up for new high. H4 20.08.2024The NASDAQ index is gearing up for new high NASDAQ index made a major segment overlap up and the question is if they are going to give a pullback before continuing the growth. Along the way they formed 2 important buy zones, but there is no culmination at the top. I expect a pullback down to the zones and then buying. Most likely we will push from the nearest zone 18920-19200 and then rise to test the high near 21000. Also, just in case I have specified the far zone of buyers 18400-18670, but it is unlikely that we will reach there.
ULong
by KovachTrader
NQ Power Range Report with FIB Ext - 8/20/2024 SessionCME_MINI:NQU2024 - PR High: 19883.00 - PR Low: 19857.75 - NZ Spread: 56.25 No key scheduled economic events Auctioning inventory back towards 20000 pivot from 7/23. - Reasonable to expect front run. Session Open Stats (As of 11:35 PM 8/19) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 428.66 - Volume: 17K - Open Int: 237K - Trend Grade: Bull - From BA ATH: -5.3% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 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
CME_MINI:NQU2024Long
by mv3trader5
Nasdaq - Buy MoreTarget: 23,050 Stop: 16,700 Partial: 20,800 b]Key Considerations: Fed meeting on September 18th Traders are positioning themselves ahead of the announcement regarding the drop in the interest rate a 75% probability of a 0.25% drop. USA is the last cab on the rank that has not dropped yet, they may think we are the big boys, we do what we want, when we are ready, we don't care what other countries are doing, we are the leaders, we don't follow, we lead, so we may even wait 1 more time, just to pretend we are being prudent and methodical, but really it's just because we don't want to look like we are sheep. Or they could go ahead and drop but I think it will get to all-time highs between now and 4 weeks away anyway. Any good news from the Fed will drive the Market up NASDAQ runs on Buy the Rumor and Buy the Fact. If the Fed does drop rates this will significantly impact the Nasdaq and broader markets.
CME_MINI:MNQ1!
by NZ_Shareman
Nasdaq - Buy MoreTarget: 23,050 Stop: 16,700 Partial: 20,800 b]Key Considerations: Fed meeting on September 18th Traders are positioning themselves ahead of the announcement regarding the drop in the interest rate a 75% probability of a 0.25% drop. USA is the last cab on the rank that has not dropped yet, they may think we are the big boys, we do what we want, when we are ready, we don't care what other countries are doing, we are the leaders, we don't follow, we lead, so we may even wait 1 more time, just to pretend we are being prudent and methodical, but really it's just because we don't want to look like we are sheep. Or they could go ahead and drop but I think it will get to all-time highs between now and 4 weeks away anyway. Any good news from the Fed will drive the Market up NASDAQ runs on Buy the Rumor and Buy the Fact. If the Fed does drop rates this will significantly impact the Nasdaq and broader markets.
CME_MINI:MNQ1!
by NZ_Shareman
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