NQ - Weekly Sixxk Sister Sellside
As
ES1!
NQ1!
YM1!
tends to have tight correlation, it is logical to make the assumption that if my bias for
ES1!
is short term bearish then it is only right to be short on
NQ1!
also right?
Well, that's correct and we will have a look at
YM1!
in my next post as an example of times where one goes wondering off in the complete opposite direction to the direction I originally opposed in comparison to the other two;
ES1!
$CME_MINI:NQ1!.
A major psychological level with
NQ1!
since the market is trading in uncharted territories would be 18,300 - 18,500 if my bias is to be negated and price action is to continue it's bullish trend.
In comparison to
ES1!
,
NQ1!
looks stronger from a time-based point a view as its been bullish for longer within a 2-weeks period and indicates if it were to retrace, 18,020 - 18,007.50 which maps out the 1-hour bullish order block will be a good area to add long positions for the opportunity to attack long-term intraday highs @ 18,071.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
ES1!
NQ1!
YM1!
tends to have tight correlation, it is logical to make the assumption that if my bias for
ES1!
is short term bearish then it is only right to be short on
NQ1!
also right? Well, that's correct and we will have a look at
YM1!
in my next post as an example of times where one goes wondering off in the complete opposite direction to the direction I originally opposed in comparison to the other two;
ES1!
$CME_MINI:NQ1!. A major psychological level with
NQ1!
since the market is trading in uncharted territories would be 18,300 - 18,500 if my bias is to be negated and price action is to continue it's bullish trend. In comparison to
ES1!
,
NQ1!
looks stronger from a time-based point a view as its been bullish for longer within a 2-weeks period and indicates if it were to retrace, 18,020 - 18,007.50 which maps out the 1-hour bullish order block will be a good area to add long positions for the opportunity to attack long-term intraday highs @ 18,071. My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Comment:
The daily liquidity void @ the 17.5k region has been spiked into with the order block below it being 17,242.25 the next bearish target for the week.
With Thursday and Friday's trading looking saucy with many high impact events, there's a high chance induced volatility will lead me to victory.
With Thursday and Friday's trading looking saucy with many high impact events, there's a high chance induced volatility will lead me to victory.
$17,911.25 is the the level of make or break for today's bearish price action bias.