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Waiting for NQ breakout... Potential +10,000 tick push

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)

CME_MINI:NQ1! NASDAQ 100 E-mini Futures

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trendanalysis chartpattern indicator nq1!

The NQ monthly time frame is back at the top of resistance. If the market closes below resistance, I am expecting a +10,000 tick bear push. If the market closes above resistance. I am expecting a +6,000 to +10,000 tick bullish push. This is something to keep your eye on when the monthly time frame closes.

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Comments

why NQ1! not tradable with Trade Station via Trading View ?

wongwl168

@wongwl168, If I am correct..... you have to pick a current contract to tradea, NQ! is the continuous one and is more for longer-term studying, hence the monthly analysis he did here. You can't look back this far on the contracts we trade. We are on the NQU contract this moment of writing this.

drkidgell

@drkidgell, thank you

btw, question, closeout July as in " whr this candle closes on the monthly chart?

drkidgell

@drkidgell, I read your notes again and see that you already answered my question!

Thank you!