Built by Traders, for Traders

Ross Givens

Stock Trader & Educator

Will you be ready for this market shift?

Good morning, Traders!

The Nasdaq futures market continues to perform well (NQ). Both the short- and long-term trends are positive. However, we should prepare for a pullback in the near future.

Such a pullback/sell-off can be brief, with a swift return to a bullish run. However, there’s the potential that a sell-off may evolve into a negative trend. How can you pick up on all of these potential market directions? To understand more, check out this training video on market patterns that I created!

Now let’s take a look at the NQ’s timeframe analysis to see what’s happening:Daily Timeframe Analysis

When we look at the daily timeframe chart for the NG, we can see that the general trend is up, although the price needs to move higher if it’s to stay about from support within the channel.DAILY TIMEFRAME

The direction within the daily timeframe is up


The current direction for the one-hour timeframe is up


The U-turn direction remains up

The NQ daily timeframe chart

The daily NG is still up, but needs to progress a bit higher or it risks slipping into a sell-off toward support (bottom grey line).

If the rally is to be sustained, additional upward movement is required. If no more gain is realized, the market may enter a reversal and fall back to support.

Take a look at this piece I wrote to learn more about how price movement works in the market.

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

In the one-hour timeframe analysis, the NQ has found support. Remember that support is the point at which buyers re-enter the market, causing the price to rise again.

We want to use counter trendlines to confirm that the price has started to drive bullish and moved into the buy zone when we notice a shift from a bearish decline to a strong rally.

Check out my training material on how counter trendlines work for a better perspective on entering the market in situations like this one.

Chart the channel

The NQ is holding near support (upper grey line). If the price drops below support, we could see a significant sell-off. If the price stays above support, we could see the short-term direction continue to move up.

The market should continue to rise within the one-hour timeframe if support holds. However, if the price falls below support, a big sell-off might develop until the price bottoms out.The Bottom Line

The NQ is trending upwards in both the short and long term. When looking at the one-hour timeframe, though, the market remains near to support.

If the price breaks through support, it might result in a sell-off and a short-term negative trend. We’ll wait for the price to bottom out and rebound on a new support level if that happens.

The Bottom Line

Both the long-term and short-term directions for the NQ are up. We’ll want to keep an eye on the short-term, though, as the price could drop below support and trigger a bearish drop

Right now, we’ll keep watching the price movement and look for opportunities to enter the market at low prices within the buy zone!

Want to learn more about trading futures like the NQ? Check out my free trading materials to get started. You don’t want to miss out!

Keep On Trading,

Mindset Advantage: Own It

It’s not the market. It’s not your indicator. It’s you. Own it.

‘Oh that one was a mistake’…. and then there’s ‘I had the settings on my indicator wrong’… or our personal favorite: ‘I was trying an experiment’…

Like a 7th grade English teacher, after a while you hear them all. The number one thing we look for when working with a new trader? Accountability.

Own where you’re at with your trading. Embrace the failures and the setbacks. Stare them in the face with an unflinching honesty.

Only then will you conquer and advance to consistent profitability.Traders Training Session

So you want to be a futures trader

So You Want To Be A Futures Trader…

Leave a Reply

Your email address will not be published. Required fields are marked *


High profit potential… strong insider activity… cutting-edge AI technology…

These are the stocks every intelligent trader and investor NEEDS to know about.

Subscribe below to get your FREE report on these stocks – plus a free subscription to Stock Surge Daily, a newsletter that will supercharge your trading potential by handing you market insights you can’t find anywhere else