My personal analysis NQ for this upcoming week.NQ, along with other indices have been in a recent bullish run because of recent economic data and earning reports from the FOMC and the most impactful companies in the United States right now.
In the beginning of this past week, NQ has had a strong dump with price levels falling nearly 500 points (17900 to 17400) after a brief moment of consolidation. After further release of the interest rate decision, and a .1% increase in the unemployment rate, NQ exhibited a nice pump breaking through the previous high, justified by the many influential factors in the economy.
Now that in this upcoming week there isn't much major economic data to continue fueling the pump, I believe there will be another strong reversal after possible consolidation targeting levels around 17500, and I will be shorting soon after I see key levels broken.
I haven't looked into any anticipated earning reports that give more confirmation for either bias, but I will check those factors soon.
I am open to any critique in my analysis, any disagreements, and even confirmations. I am here to learn and grow along with everyone else.