Good morning, Daily Direction readers!
We’re still actively looking for opportunities to buy the Nasdaq 100 E-Mini futures market (NQ)!
I still expect the market to keep pushing toward the 15300 price point in our daily timeframe, just as we discussed earlier this week.
And I know that these sort of setups within a volatile market can make traders nervous, but we’re setting up for good buying opportunities right now.
We’ll look for low prices for the NQ as it pushes toward that 15300 price point. Our timeframe charts are critical to finding buying opportunities right now:
Daily Timeframe Analysis
The NQ is making its way toward our daily resistance of 15300. We expect this +4000 tick push before the next sell-off occurs. That’s why the long-term and short-term directions for the NQ are currently up.
This gives us the chance to look for buying opportunities within the NQ before it hits resistance. That’s how we can make money with the current setup!
We’ll continue to watch the NQ and the current push until it hits that 15300 price point. After that, we’ll expect a sell off back down toward the bottom of the channel.
Learn more about the Daily Direction Indicators here…
While volatility can make us second-guess our trading strategy, we shouldn’t let fear dictate how we approach the market. Now is an excellent time to use our strategy to make money before a coming sell-off.
I strongly encourage you to look at how my technique might help you make better futures trading decisions.
The Bottom Line
We still have opportunities to buy the NQ despite the current volatility and worries over the recovery of the global economy.
Headlines and news cycles shouldn’t bother us too much. Our focus is on the markets. And right now, we have a plan for the NQ.
So long as we stick to that plan and use our strategy wisely, we’ll find opportunities to make money in Nasdaq futures!
If you’re ready to start trading the NQ, have a look at my other trading recommendations for some ideas.
Use my knowledge and experience to develop your own strategy that focuses on managing your risk and growing your account!
Keep On Trading,
Mindset Advantage: Clutch Under Pressure
Whether you believe it or not – you have what it takes to trade under pressure.
It’s not about the size of your account.
It has nothing to do with your indicators.
Your broker is not a factor.
You’re good enough. You’re smart enough. And gosh darn it — people like you.
Stay within your stops. Follow your plan and honor your risk / reward ratio.
It’s time to trade.
Traders Training Session
Stay tuned for my next edition of Josh’s Daily Direction.
And if you know someone who’d love to make this a part of their morning routine, send them over to https://joshsdailydirection.
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