$E-mini Nasdaq 100 - main 2306(NQmain)$
NQ1! NAS100 NASDAQ 2023 APR 17 WEEK

12950 was supporting the market well despite increase
in distribution effort. Market participation was low though, and
shortening of thrust from high to high observed = waning
upward momentum.

Possible scenarios:
1) Market stuck in a 250pt range, wait till supply/demand is resolved 
Then:
2) Breakout of upper boundary to test 13740 = long at support of upper boundary of range
3) Breakdown of lower boundary of range = Short on rejection of 12950

Volume Analysis:
Weekly = Ave vol narrow spread up bar close off high = Minor weakness
Daily: Higher vol narrow spread down bar close away from low = minor demand


Price reaction levels:
Short on Test and Reject | Long on Test and Accept

14361 13740 13550 - 13740
12950 10710 - 11068

Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • BrianWashington
    ·2023-04-16
    Thanks, Your detailed post is very helpful for me to know about NQmain
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  • pjekn
    ·2023-04-16
    it still have trendency of increase from long run
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  • Gnay
    ·2023-04-16
    k
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  • MoonJin
    ·2023-04-16
    ok
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  • Runderk
    ·2023-04-16
    Good
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  • JeremyEe
    ·2023-04-16
    hgcc
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  • Ugly face
    ·2023-04-16
    ok
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  • Pandaaa
    ·2023-04-16
    thanks
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  • henghm
    ·2023-04-16
    like
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