Good morning, Traders!
So far, so good for Nasdaq futures (NQ). Both the long-term and short-term directions are up as the market continues to move toward the 14895.5 price point in the current rally!
That means there’s plenty of opportunities to trade the NQ and make money! As you’ll see in our timeframe analysis, the market rebounded from support and has steadily continued its climb to a new high price.
Before you jump into this trade, you’ll need to review how to make an entry at the proper time. I have a free article that gives you all the details about having a proper entry strategy right here!
Now it’s time to examine our timeframe charts and dig into the details for the NQ:Daily Timeframe Analysis
The NQ has bounced off support (bottom grey line) and U-turned into a bullish rally as the market makes its way to the 14895.5 price point. That’s our next Fibonacci extension.
Fibonacci extensions can sound confusing, but they’re an essential part of a successful trading strategy. Use my free resources here to understand how they work!DAILY TIMEFRAME
The direction within the daily timeframe is up for the NQ
The one-hour timeframe shows an overall positive direction as the market rallies
The NQ has reached a known level of U-turn toward the buy zone
The NQ daily timeframe remains in an uptrend as the market U-turned off support (short green arrow to the left) and is making a bullish rally to 14895.5 (top blue line)
We’ll watch the NQ daily timeframe in the coming days as the overall direction for the market remains up. We have plenty of ticks left until the price hits the next level of resistance.
|Recommended Link:We can’t believe why almost no one is talking about this. It’s potentially the BIGGEST investment news of the decade.
Today, we’ll show you how accessing a little-known portal in your brokerage account…
Is the key to potentially amassing a quick fortune.
You can start with a minimum average investment of just $500…
And turn it into a mind-blowing $50,000 payout!
All because the Chicago Mercantile Exchange (known as the “Merc”), the giant 171-year old trading marketplace, effectively turned the investing world on its head.
Overnight, they created a lucrative loophole so big it lets thousands of ordinary, hard-working Americans earn huge sums of extra cash.
One-Hour Timeframe Analysis
The one-hour timeframe for the NQ is what we use to determine a good entry point for our trades. Remember that we look for low prices within the buy zone that allows us to get in and then ride the rally to an even higher price point. That’s the key to making money in these trades!
For more information about price movement, see what I have to say about how it all works. You don’t want to miss out on this free information!
The one-hour NQ remains above the top of the channel, making positive moves to even higher prices. We’ll see a few dips along the way, but the short-term direction for the NQ is still up
Don’t forget that we might see a price dip along the way to a new high price. That’s just how the market works, so don’t get scared out of a profitable trade! So long as the market stays above its support, we can follow along and watch for opportunities to buy.The Bottom Line
The NQ is making all of the right moves as it inches closer to a new high price. This is a good time to make a profitable trade by following the timeframe charts.
The overall direction for the NQ remains up. We’ll see higher highs and higher lows. The tick movement potential for the market is strong, so it’s a good idea to keep an eye on the one-hour time frame and look for your chance to buy into the NQ!
The outlook for the NQ is great right now! This is a perfect opportunity to jump in and make some money as the market continues its latest bullish rally
But why risk doing this alone? I’m here to help you realize your money-making potential in futures trading. Just follow along as I reveal the crucial aspects of my trading strategy that will allow you to become a profitable futures trader!
Keep On Trading,
Mindset Advantage: Balance
When it comes to your mindset for trading, you’ll find that your ability to cope with the markets, bad trades, good trades – whatever – has more to do with how you spend your time outside of trading. More specifically, how much balance you have.
In fact, of your total state of readiness 10% may have to do with charts and price levels. The other 90% has to do with how rested you are. How focused you are. How happy you are.
Find a balance that works for you and begin the path towards happy trading.Traders Training Session