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Mini NQ - Market Analysis and Discussion - Order Flow, Technical

Tuesday 6/8/21 10:06 PM Central

I’ve been watching the NQ lately and trying to get a grasp on how to trade it. It’s fast, and very thin. Here’s the snapshot from today.

This is a short post but the first of many to come after a good break from posting.

I watch the ES Mini along with NQ to get an idea of how they correspond. I’ll post more trendlines tomorrow morning.

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. The figures here represent an opinion. The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. Please conduct your own due diligence if Futures are an appropriate instrument for you.

Tuesday 6/15/21 6:20 PM Central

Today the Mini NQ Futures sold off and is now near the bottom of an uptrend channel on the hourly charts.

On the TPO it shows that there is a good value area gap between 13860 and 13960. If price continues to test the low end of this channel, stops may potentially be triggered fueling any sell-off.

Here is the 5 minute chart.

We will look at where the market ends up from overnight trading and update then!

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. The figures here represent an opinion. The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. Please conduct your own due diligence if Futures are an appropriate instrument for you.

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Market Update NQ Futures, 6/18/2021, 11:45 AM Central

The Nasdaq’s range today is about 120 points from the high to the low, while the last two days have had over 200 point ranges. This was due to the FOMC and also rollover for futures expirations.

With it being Friday, we will see how the market reacts to levels near the close.

Here’s a setup that I traded this morning, but didn’t let it develop long enough to reach my target at 14027.50.

On this trade, the 5 minute made a valid breakout to the downside below the trendline at 14090.00. Price never broke this trendline and drifted down to 14027.50.

Here is the Footprint chart of that breakdown.

This was a great setup and respected the technicals

Now we are back in the range with prices still respecting those key levels and trends.

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. The figures here represent an opinion. The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. Please conduct your own due diligence if Futures are an appropriate instrument for you.

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Market Update 8:30 AM Central

NQ Mini Futures are in an uptrend with clearly defined trendlines. The market has been respecting these levels and trends.

The 5-minute chart overnight shows a range that is approaching up trending support areas.

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. The figures here represent an opinion. The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. Please conduct your own due diligence if Futures are an appropriate instrument for you.

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