NDX/NQ/MNQ - Inside A Range... - Week 16 - 2023
So as we look at the NDX not much has changed from last week.
We'll start with the immediate today key zone. as I write this the futures market is just slightly above it. the most important thing is does this key zone hold up today?
If that gets broke the key areas to watch is the previous week open right around 12,930.
From there our next downside reaction areas is the slow momentum check at 12,798, then the daily RA at 12,565.
On the upside it's pretty obvious that the August 2022 high level at 13,666 is a key reaction zone and level to watch. from their RDA projection area is right around 14,000 to 14,100.
We have an interesting four day gap zone right around 14331, so if price gets up there we'd be watching that zone as well.
That's all for right now. I will update this idea as the week goes on.
Trade the system, trade well.
We'll start with the immediate today key zone. as I write this the futures market is just slightly above it. the most important thing is does this key zone hold up today?
If that gets broke the key areas to watch is the previous week open right around 12,930.
From there our next downside reaction areas is the slow momentum check at 12,798, then the daily RA at 12,565.
On the upside it's pretty obvious that the August 2022 high level at 13,666 is a key reaction zone and level to watch. from their RDA projection area is right around 14,000 to 14,100.
We have an interesting four day gap zone right around 14331, so if price gets up there we'd be watching that zone as well.
That's all for right now. I will update this idea as the week goes on.
Trade the system, trade well.
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