CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
1 week ++ to end NOV month.
SLOW Turtle Buy with above average volume and ATOM Buy.
FIFT still +ve indicating BULL still strong.
another 400 points to hit 17000 (up 4000 points from Jan 2021. Coinsidently, 2020 also up by 4000 points)
Weekly ATR (Average true range) is around 400. High chances that Nasdaq will with 17K target by end of next week.
MCDX Red Banker bar still strong BUT WITH LOWER HIGH TREND (Sign of Divergence - Many traders stay sideline feeling market already over extended ? )

.... currently Nasdaq at trendline resistance 16600 (1.618 Fibo projection target from September pullback. 17K is 1 to 1 Fibo target from Sept retracement).
Will Nasdaq continue to rally ? Anything is possible, Will Biden wait until Nasdaq hit 17K mark before announcing new Fed Chair to replace Powell ?

Anything possible - But i will stay sideline and put tighter trail stop.




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