ES looking like it could potentially top out at 6100 and turn back to the downside this afternoon
NQ is approaching the key 1.618 Fibonacci extension level, a critical point that could signal potential resistance. Watch closely for how price reacts at this level! 📊
Going to sit out of the release and see how Price Action plays out. I am expecting lower before the move higher (even if it is just a wick from the release)
Intraday levels for NQ - 21,480-21,500 as a current level of support - 21,517-21,525 as overhead support - 21,560-21,575 as an ATH range containing a Fib target
In my previous post, I showed an NQ target price of 21,712.25 based on the Fib Extensions from the overall move in the market on higher time frames. However, using Fib Extensions from the more recent move (lower time frames), I have come up with two alternate reversal points for NQ. These alternate levels are 21,540.25 which price came into EOD, and 21,650.50...
Similar to NQ, ES has surged past its previous all-time highs, with a new target of 6,183.75. Since ES has already pulled back to retest the previous highs, it has the potential to continue its rally straight toward the target, but may run into some resistance at the 6,100 level. Stay alert for that ATH price action! 📈 #ES #S&P500 #AllTimeHighs #StockMarket
The Nasdaq (NQ) has surged past its previous all-time highs, setting a new milestone with a target of 21,712.25 based on Fib Extensions. While the index could pull back for a retest of these previous highs, it also has the potential to continue its rally straight toward the target. Stay tuned as we watch for potential price action! 📈 #NQ #Nasdaq #AllTimeHighs #StockMarket