For those who are struggling becoming consistent in trading, feeling the pressure from family, or lost their jobs this spring and finally have the time to pursue trading… I just want to say I 100% know where you are.
Great sesh on the @NTLiveMedia stream this morning. Thanks for tuning in. Got all the Rs
Remain focused and use the weekend to get ready to attack next week.
$NQ Daily - Price consolidated overnight and pushed out into the close. The PDL/180s zone (now where the 9MA is), continues to be main support. As long as it holds, we can continue higher. We do have first support here at 540s, that if it holds, we can see higher directly from here. Lose PDL/9MA and we see 800-850s zone, with PWL right under.
4hr - Price reclaimed the 9MA this morning and is now pullign back to seek a 9MA HL from above (also the 540s zone). If we hold, we can see a push higher into 900/31k area. If we lose the 9MA/540s zone, we move back down to PDL/megaphone support for a bounce. Below that we have 130s base break, that can be tested. Possible character change if we lose the 9MA.
For tomorrow, I will once again continue to focus on longs into support.
$NQ Daily - Price consolidated overnight and pushed out into the close. The PDL/180s zone (now where the 9MA is), continues to be main support. As long as it holds, we can continue higher. We do have first support here at 540s, that if it holds, we can see higher directly from here. Lose PDL/9MA and we see 800-850s zone, with PWL right under.
4hr - Price reclaimed the 9MA this morning and is now pullign back to seek a 9MA HL from above (also the 540s zone). If we hold, we can see a push higher into 900/31k area. If we lose the 9MA/540s zone, we move back down to PDL/megaphone support for a bounce. Below that we have 130s base break, that can be tested. Possible character change if we lose the 9MA.
For tomorrow, I will once again continue to focus on longs into support.
Hope start of the week has treated you guys well. I continue to guide the group to focus on longs into support, as we REMAIN in an uptrend. This morning that was 440s, perfect bounce that allowed us to hold longs into the close. What now? Here is the #ES_F & #NQ_F trend update for tomorrow!
$ES
Daily - Price pulled back into the 7570s zone overnight, and after putting in a FBD at the 793 hourly zone, we pushed out higher into EOD. Since action getting slow up here, the same zone at 7570s/PDL, continues to be main daily support and where the 9MA is now at. As long as that holds, we can push out to 7680s. If we fail PDL/7570s, we can see a move down to PWL, the small flag support, with 7540s the b/b zone as a possible bounce spot.
4hr - Price continues to consolidate in this 4hr wedge. After reclaiming the 9MA this morning, it pushed ou tto PDH and is now rejecting. We want the 9MA to hold a pull back to now create a HL and attempt higher. If it fails, back down to support at PDL/7560-70s. Lower that and we can travere back down to the bottom of the prior consolidation.
For tomorrow, I will once again continue to focus on longs into support.
Let's start June STRONG. Here is the #ES_F & #NQ_F Weekend Video to help you stay aligned with the market structure this week.
#ES_F
Daily covered in video, but here is commentary on the 4hr - Broke out of the wedge/box and into the 9MA HL now. As long as it holds here or a FBD into 7560/70s, we can continue higher. IF we lose box/zone breakout at 7560/70s, then we move down to the b/b zone at 7540s, where we can bounce. Fail there and we can fully traverse at the bottom of 7510s. I will continue to focus on longs this week until there is a change in character.
I stopped posting swings, but best believe I am in those leaders! This market has been incredible.
$ARM $BE $SNDK $MU $TWLO $DOCN $AVGO $TSM $AMD $INTC $RKLB $NVDA $FTNT $CRWD $NET $PLTR and many more
$TWLO recent big winner.
$NQ -
Daily is covered in the video, but here is the 4hr - Broke out of the wedge/box and into the 9MA HL now. As long as it holds here at 280s, or a FBD into 180s zone, we can continue higher. IF we lose zone support, we move down to box breakout at 130ss, where we can bounce. If breakout fails, we see the b/b zone at 980/30k and the base supporet at 800s if that fails.
Will continue to focus on longs unless there is a change in character.
Let's start June STRONG. Here is the #ES_F & #NQ_F Weekend Video to help you stay aligned with the market structure this week.
#ES_F
Daily covered in video, but here is commentary on the 4hr - Broke out of the wedge/box and into the 9MA HL now. As long as it holds here or a FBD into 7560/70s, we can continue higher. IF we lose box/zone breakout at 7560/70s, then we move down to the b/b zone at 7540s, where we can bounce. Fail there and we can fully traverse at the bottom of 7510s. I will continue to focus on longs this week until there is a change in character.