Steve, the demand zone you showed in the newsletter for the Qs
is much much lower than their current price which means that if
they were to get down there, NQ would probably have to get far
below the current demand zone you list above15375-15340. How do we
reconcile that?
Answer: The QQQ shows Daily Demand zone - I'm simply
trading intraday zones but more credence on the Daily for
sure
What I post here is updated based upon recent price action -
focus on such levels for intraday. I replied directly to your
post - added below your question that Daily is more important but
simply playing intraday for trade. Note the 30 minute QQQ
chart as well from weekend.
NQ popped off demand zone
5/1 ES Levels June Contract (ESM24)
Posted by steve on 18th of Sep 2023 at 10:35 am
NQ popped off demand zone early and broke small time frame structure so now new demand zone 15,375=15,340
Above 15,445 may lead to further squeeze direct with resistance at 15,435/15,443
NQ nearly 60 points now
Posted by steve on 18th of Sep 2023 at 11:25 am
NQ nearly 60 points now on the bounce
NQ 80 points from Demand
Posted by steve on 18th of Sep 2023 at 11:55 am
NQ 80 points from Demand Zone - not bad in this chop
Also note the VIX intraday
Posted by steve on 18th of Sep 2023 at 11:58 am
Also note the VIX intraday after today's gap higher open - smash down from opening 15 minute candle
Quick pop on NQ (QQQ
Posted by steve on 18th of Sep 2023 at 10:57 am
Quick pop on NQ (QQQ calls) - choppy action so lock down some gains and trail if partaking (nothing easy in chop)
Steve, the demand zone you
Posted by DK on 18th of Sep 2023 at 10:54 am
Steve, the demand zone you showed in the newsletter for the Qs is much much lower than their current price which means that if they were to get down there, NQ would probably have to get far below the current demand zone you list above15375-15340. How do we reconcile that?
Answer: The QQQ shows Daily Demand zone - I'm simply trading intraday zones but more credence on the Daily for sure
What I post here is
Posted by steve on 18th of Sep 2023 at 10:57 am
What I post here is updated based upon recent price action - focus on such levels for intraday. I replied directly to your post - added below your question that Daily is more important but simply playing intraday for trade. Note the 30 minute QQQ chart as well from weekend.
NQ quick fade off resistance
Posted by steve on 18th of Sep 2023 at 10:50 am
NQ quick fade off resistance now into support but extremely choppy today so position small and remain nimble IF attempting to play