CME_MINI:NQ1! NASDAQ 100 E-mini Futures
NAS100 NQ1! NASDAQ 2022 NOV 28 Nov
Apart from the rotation long from week of 7 Nov, nothing eventful
happened the last 2 weeks as NQ traded in narrow range.
Holiday season has kicked in, expected to remain thin.
Price may just slowly float upward due to lack of selling.
1) Rotation zone 11730 - 10710: Trades can be executed at
boundary of range.
2) Short on rejection of 12140 / 11730, target 50% of range // extended target
to rotational support.
2) Breakdown scenario if redistribution schematic is fulfilled
= Short on test of breakdown of 10890 / 10485
3) Breakout of rotation = possible long if price continues to trade
at upper boundary of rotation zone.
Weekly = Unconfirmed UT + ND up bar, possible weakness
Daily = UT observed, possible short opportunity.
H4 = Indecision. need to resolve,
probably after thanksgiving weekend there'll be an outcome
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12987 12140 11730
10710 10485 10000
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Have a profitable trading week ahead.