Contract - CME_MINI:NQZ2020
- High - 11896.50
- Low - 11867.00
Current Stats
- Gap: = N/A
- Session Open ATR: 267.62
- Volume: 22k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 12440
- Short: 10665
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting....
All levels remain same, wave 3 target still at 11,000. If we are in a bullish count, then we would have an ABC retracement, with a target of 11,400. If we do begin to slip to the downside, these are the 2 levels to watch. Copyright Rohan Karunaratne 2020.
Contract - CME_MINI:NQZ2020
- High - 11986.50
- Low - 11962.00
Current Stats
- Gap: = N/A
- Session Open ATR: 275.11
- Volume: 21k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 12440
- Short: 10665
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting....
Contract - CME_MINI:NQZ2020
- High - 12093.00
- Low - 12047.00
Current Stats
- Gap: = +0.16%
- Session Open ATR: 288.87
- Volume: 22k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 12440
- Short: 10950
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
indicators are in the middle, but it looks like a slow drift up and the Asians really like to pump on Monday nights, so be careful about shorting anything overnight...
Small caps (RTY) still overbought, so we could see another sector rotation into NQ to make it go overbought....
The NQ daily time frame is in sideways movement.
Resistance at price point 12169.00 and support
at price point 10926.25.
The market is at the top of resistance and is
showing signs of a indecision candlestick. If
resistance holds the market should push bearish
towards support limit 11030.25 about +4,527
ticks away. As long as the market stays below
resistance...
Fundamentals, technicals and sentiment aligned for a massive top in the ratio of US Tech Stocks vs the Broad Market here. Positioning and expectations of traders, hedge funds and everyone were shocked recently, with a massive rotation towards value stocks and commodities that caught everyone off guard. All the alpha collected during the year for Jim Simmons funds...
