NQ has a small H&S formation on smaller time frame.

E-mini Nasdaq-100 FuturesCME

Description

⋅ Jul 10, 2022 7:44 PM

Markets didnt close bullish to my eyes, looking for some weakness on Monday, ideally good gap down

NQ has a small H&S formation on smaller time frame, ideal target is 11825.

Ideal target to hold next week is 11700.

Im short few contracts as of Fri close.

Comments

RealTima

⋅ Jul 11, 2022 2:15 PM

H&S pattern was fulfilled!

KT1925

⋅ Jul 11, 2022 1:11 AM

I shorted SPY on Friday. I am looking for 380.

enlclemence23

⋅ Jul 10, 2022 8:00 PM

Thanks Tima! I'm seeing similar weakness...thinking about selling ES calls depending on Monday's price action.

RealTima

⋅ Jul 10, 2022 8:12 PM

@enlclemence23, NQ main support is 12030. Working on my SPX research now

bwellnatural

⋅ Jul 10, 2022 7:59 PM

Thanks Tima, Have a good trading week!

RealTima

⋅ Jul 10, 2022 8:13 PM

@bwellnatural, Thanks, you as well.