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TACO on E-mini Nasdaq-100 Futures

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NQQ1! trade ideas

Weekly Levels (May6-10)Here are my levels for the week. I have been really busy outside trading so I have not been able to post many updates. I continue to trade these levels a few hours every morning. Treat the levels as as support, resistance or targets. The market is currently trading in a large consolidation pattern with large daily ranges. The levels noted are the one are I feel are the most important for the week. If a level breaks. Look for a move to the next level. SUMMARY NQ posted a 1.06% gain last week after trading in a 664 pt range. NQ held the previous week's high and pushed back above the 2021 high. R2 = LTF 786 Fib RT (18355) R1= LTF 618 Fib RT (18082) S1 = 2021 High/55 ema (19957) S2= 21 ema (17851) Bias has flipped bullish to sideways now that price has reclaimed the 2021 high. Compound corrective move down to 200 sma/lower trendline support is still possible if price fails to hold 2021 high. Limited week of econ data but many Fed heads speaking. Earnings continues with reports from growth stock including UBER, LYFT, SHOP, TTD, ABNB, MARA, RIVN, PLTR & CELH. Sell in May effect in play. RSI 52.840| VIX at 13.48 | 10 year 4.66%
CME_MINI:NQ1!
by WadeYendall
NQ Power Range Report with FIB Ext - 5/8/2024 SessionCME_MINI:NQM2024 - PR High: 18204.25 - PR Low: 18180.75 - NZ Spread: 52.5 Key economic calendar events 10:30 | Crude Oil Inventories 13:00 | 10-Year Note Auction Prev session closed virtually flat - Holding inside prev session range - Near Monday's high - Potential daily pivot off 18300 zone - Another low vol session open Evening Stats (As of 12:25 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 285.39 - Volume: 15K - Open Int: 232K - Trend Grade: Bull - From BA ATH: -2.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024
by mv3trader5
NQ1! Supply and Demand Zones w/Volume Profile Levels 5/7/2024Link to chart:https://www.tradingview.com/chart/vYaceW5a/?symbol=CME_MINI%3ANQ1%21 As noted from yesterday's post, 4HR supply above near 4/5POC held strong as resistance.. Looking for a push lower coming into 5/8. Bears target is the 5/7 VAH where the 1HR demand level sits and pivot However, with strong enough momentum a squeeze to 18144-130 looks good where pivot S1 is on the 15M TF today. If we can maintain bullish and retrace back into the 4HR supply zone, still want to see that pop of 4/5 POC. Keeping an eye on VIX, as usually when that is going down, NQ may go up and vice versa.
CME_MINI:NQ1!
by tradeswithjess
NQ_F Short AnticipationCME_MINI:NQM2024 With an EOD rally the bulls made some major progress in the NQ today. The late day push brought us back inside this massive 52 day balance we formed, starting in late February and spanning all the way to the second half of April. We not only pushed back into value, but we were also able to work our way above the first critical LVN, as we look to traverse this balance... Bull’s aren’t in the clear yet though, Just before the bell, bears defended the POC and brought us back just below the LVN with a close at . Could this just be a look into the mega balance and a rejection out, or will we find support above our LVN and continue to traverse upward? Due to the fact we showed some rejection at the end of the day, i'm slightly bearish from an intraday perspective. Iv'e included a break down of what i might anticipate happening if we reject out of this mega balance. THIS IS NOT A PREDICTION, but merely a way to prepare myself for the move ahead, so that i am ready to strike when the opportunity presents itself. As far as the long side goes, i would like to see us hold above the LVN, and reclaim the POC. If i'm seeing sellers absorbing on the 18282 re-bid, id be happy to get long and try to work back up into the LVN. ~ 52day balance ~ 18448 LVN 18386 LVN 18201 LVN 18126 VAL 18470 VAH 18282 POC Manage your risk, and be patient... Seek the Mundane
CME_MINI:NQM2024Short
by Beaturn
Potential Ascending Triangle (NQ Futures)NQ Futures could be trying to setup an ascending triangle to catch bears short at the bottom with major upside potential with a breakout and confirm. Will almost certainly coincide with data/news that will either play out a bear trap or a bull trap on the same timeframe for the next let the market takes. Often these patterns forming at the bottom of a range end up being bull traps but anything can happen and it's best to be prepared for whatever happens.
CME_MINI:NQ1!
by Eclipse_Trading
Can the HOUSE CAPITALIZE LONG this week on NQ...?CME_MINI:NQ1! "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal Price has been respecting Demand day after day and now has officially broken the 4Hr Last Swing HIGH and caused a 4Hr CHoCh to the upside... Lets see if the HOUSE can capitalize a LONG this week... We will drop down to the LTF for entry once we have a HTF confirmation... Ill keep update as the market opens back up and price develops... Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
CME_MINI:NQ1!Long
by TreyHighPwr
NQ Power Range Report with FIB Ext - 5/7/2024 SessionCME_MINI:NQM2024 - PR High: 18193.25 - PR Low: 18175.25 - NZ Spread: 40.0 No significant economic calendar events Continuing daily value climb - Opening in relative tight range inside NZ - Holding prev session highs below the close Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 326.30 - Volume: 14K - Open Int: 235K - Trend Grade: Bull - From BA ATH: -2.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024
by mv3trader5
NQ1! Supply and Demand w/Volume Levels 5/6/24 Link to chart: www.tradingview.com Incorporating volume profiles from multiple TF (session vol. profile) to find previous day's VAH/VAL/POC and how we can potentially react off of them. With S/D zones, it can show as support/resistance for certain levels and aligning pivot points as 3rd confluence for potential influence of strong priced levels. Still working in how vol profiles fit into my strategy or may sit as a strategy alone. For the week, Bears look primed, would love to see a target area of 5/6 VAH where pivot P is sitting (18120-18130). If we can continue to sell off, then 5/6 POC is 18100. Eventually pushing into demand levels around 18000s as marked on chart. Bullish squeeze throughout this 1HR supply tops at18211 but would be interested to see us hit the Daily TF 4/5 POC 18276.50 as its close to pivot R1 on the 15min TF of 18270 as of time of posting. If we can push through then next level up 18303 lines up with multiple VAH/VAL/POC of 2 weeks of April's consolidation (look left).
CME_MINI:NQ1!
by tradeswithjess
NQ - Where Will The Short-Term Retracement Stop?Similar to ES, NQ has been relatively choppy throughout the last trading week with liquidity voids popping up in the daily timeframe from Tuesday going into Wednesday, Wednesday going into Thursday and Thursday going into Friday with even a bit of a void in Mondays opening compared to Fridays Close. In relation to running buystops, NQ has not dealt that much damage if we was to compare with ES as the major sellside pool located @ $17,988 is still yet to reprice up into whilst with ES, price action is currently trading within a SIBI, above prior weeks buyside imbalance. Due to the implied volatility high impact news will create, especially on the busy days like Tuesday, Wednesday & Friday, I can expect a form of manipulation, in form of a retracement back down to the bullish $17,700 daily order block, possibly even lower to $17,450 for a continuation to the upside, targeting $18,100 lower displacement daily order block. First price point of interest is $17,988
CME_MINI:NQM2024Long
by LegendSince