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NQ1! NAS100USD NASDAQ 2023 JULY 04

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
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CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Support and Resistance Supply and Demand Volume NASDAQ 100 E-MINI FUTURES nasdaq100 NASDAQ 100 CFD us100 NASDAQ 100 CFD ustech100
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supportandresistance supplyanddemand volumestudies nq1! nasdaq100 nas100 us100 ndx100 ustech100
NQ1! NQ1! NAS100USD NASDAQ 2023 JULY 04

On the daily chart, we see potential trend changing weakness lining up.
Market tested previous high, and stalling around the 14520 level.

Possible Scenarios:
1) Market continues to be marked up on low volume narrow spread up bars = long on retracement
2) Short on test and rejection of recent high / lower high
3) if market forms lower highs, prepare for short

Price Reaction Levels
Short on Test and reject | Long on Test and Accept

16646 15440 14850
14089 13350

*Longer term: 13350 needs to be supported for long trend to be intact.

Price/Volume/Trend Analysis:
Weekly: NTC ave vol up bar close toward high | Up trend
Daily: UT + Lower vol ND up bar = PTC weaknesses lining up.

*NTC = Non-Trend Changing | PTC: Potential Trend Changing

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Have a profitable trading week.
*For education purpose only.
snapshot

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