As we sit right now it looks like the NDX might gap on the open.
I'll be live trading streaming this week so tune into that, also update idea as week unfolds.
If we start on the upside the zone what we're watching is the August 2022 4D key level at 13,639.
A reach for the market would be the 4D extreme zone between 13,900 and 14,100 or so.
On the downside we see the obvious day momentum checks and bias checks as well as key levels and gaps.
One key area is the significant high anchored vwap at 12,918, if that gets tested and holds anticipate the highs will be breached.
Below that around 12,500 to 12,000 is the four day reaction zone which aligns with key reaction zones on the daily.
Should be obvious how to trade this week with these key reaction zones identified. wait for confirmation and trade for the RD 4-chart patterns.
I'll be live trading streaming this week so tune into that, also update idea as week unfolds.
If we start on the upside the zone what we're watching is the August 2022 4D key level at 13,639.
A reach for the market would be the 4D extreme zone between 13,900 and 14,100 or so.
On the downside we see the obvious day momentum checks and bias checks as well as key levels and gaps.
One key area is the significant high anchored vwap at 12,918, if that gets tested and holds anticipate the highs will be breached.
Below that around 12,500 to 12,000 is the four day reaction zone which aligns with key reaction zones on the daily.
Should be obvious how to trade this week with these key reaction zones identified. wait for confirmation and trade for the RD 4-chart patterns.
Trade active:
Overnight PnL: 16,719
Yesterday was an inside day so nothing has changed. The overnight market did hold momentum and bias on 60m, might be a gap up open day on NDX around 183 or so.
If that transpires, I'd expect test up and be watching for the market to test the alpha candle close or even the previous day close area.
Zones outlined are pretty much the same but will correlate the NQ 60m with the NDX when the market opens.
Yesterday was an inside day so nothing has changed. The overnight market did hold momentum and bias on 60m, might be a gap up open day on NDX around 183 or so.
If that transpires, I'd expect test up and be watching for the market to test the alpha candle close or even the previous day close area.
Zones outlined are pretty much the same but will correlate the NQ 60m with the NDX when the market opens.
Trade active:
NO trading Friday, so today really last day of the week.
Downside reaction zones:
798 - prev week level
660 - slow momentum
below that you have the RDA: 486
Upside:
058 - pday open
188 - SL
Downside reaction zones:
798 - prev week level
660 - slow momentum
below that you have the RDA: 486
Upside:
058 - pday open
188 - SL
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