Thought I would keep NQ1! and ES1! separate. Here are the NQ1! weekly levels this week.
From looking at this, it makes me think its going to want to go up. We have a 99% just above the bullish condition on the week, which, if we hold, means we should move to the initial high target. If we just wick to the 99 and fall back in, then this solidifies there is weakness, but of course we need to see a break and hold of the bear threshold (orange line) before solidifying a bear thesis to the initial low target.
As of right now, we can expect an initial move to the 99 (in yellow) and I think we will see by tomorrow whether this wants to hold or not.
I will make an effort at keeping both ideas updated, this and ES1! as I actively trade both, but tech has been a bit too erratic lately and we aren't really friends right now. So we'll see haha.
Safe trades everyone!
From looking at this, it makes me think its going to want to go up. We have a 99% just above the bullish condition on the week, which, if we hold, means we should move to the initial high target. If we just wick to the 99 and fall back in, then this solidifies there is weakness, but of course we need to see a break and hold of the bear threshold (orange line) before solidifying a bear thesis to the initial low target.
As of right now, we can expect an initial move to the 99 (in yellow) and I think we will see by tomorrow whether this wants to hold or not.
I will make an effort at keeping both ideas updated, this and ES1! as I actively trade both, but tech has been a bit too erratic lately and we aren't really friends right now. So we'll see haha.
Safe trades everyone!
Comment:
So we broke through the first weekly low level, so we can expect a move to the second weekly low level at 14698:
Comment:
Nasty, nasty, nasty.
Targeting the first low target.
This is pretty catastrophic, but let's see if we bounce at the low target.
Targeting the first low target.
This is pretty catastrophic, but let's see if we bounce at the low target.
Trade closed: target reached:
This one was making me nervous but we got the target.
The bearishness is pretty bad. I didn't realize the US 10 year Yield saw a big increase today. That is going to weigh heavily on stocks. NQ1! tends to not be as affected as ES1!/S&P, but it will still have an impact.
Let's see where we open the New York session at.
Safe trades everyone and G'night!
This one was making me nervous but we got the target.
The bearishness is pretty bad. I didn't realize the US 10 year Yield saw a big increase today. That is going to weigh heavily on stocks. NQ1! tends to not be as affected as ES1!/S&P, but it will still have an impact.
Let's see where we open the New York session at.
Safe trades everyone and G'night!
Comment:
Late to post this, but I got long on NQ1! looking for a move back to the threshold targets and the ema 9/21 targets:
Comment:
Sorry, this is the NQ chart:
I always cross reference with Qs to make sure they agree on the TP.
I always cross reference with Qs to make sure they agree on the TP.
Trade closed: target reached:
Comment:
You can actually long this back to 14931 and if broken up to 14991:
Comment:
TP#1 hit, let's see if we get #2
Trade closed: target reached:
What a great day!
What a great day!
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