Get started
hungry_hippo

NQ Update

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
hungry_hippo Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Chart Patterns Technical Indicators NASDAQ 100 E-MINI FUTURES QQQ
19
0
chartpattern indicator nq1! qqq
Indicators show futures want to sell off and hit oversold, but we could get a bounce on pre-CPI pump in the afternoon. I think this whipsaw is being caused by algo selling off while people are buying stocks hoping for a CPI pump.

I'm expecting a CPI pump but staying out because market action and indicators aren't doing what I had expected this week.
Comment:
I've opted to wait until my indicators tells me something. Not playing the CPI release.

PPI and unemployment Thu, retail sales Friday. Retail numbers are gonna suck, but that impacts small caps much more than NDX
Comment:
Sometimes the best I can do is tell you I dunno. Certainly couldn't have predicted the EOD weakness. Not sure if they do a premarket pump or not tomorrow.
Comment:
FOMC minutes released tomorrow as well.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.