NQ Power Range Report with FIB Ext - 9/25/2023 SessionCME_MINI:NQZ2023
- PR High: 14915.00
- PR Low: 14878.00
- NZ Spread: 82.5
NO SIGNIFICANT CALENDAR EVENTS
Relatively wide NZ spread
Evening Stats (As of 1:15 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 231.28
- Volume: 25K
- Open Int: 228K
- Trend Grade: Neutral
- From ATH: -11.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Volatility
NQ Power Range Report with FIB Ext - 9/22/2023 SessionCME_MINI:NQZ2023
- PR High: 14871.25
- PR Low: 14850.00
- NZ Spread: 47.75
Significant Economic event:
09:45 – S&P Global Services PMI
Continuing inventory decline
- Near 14800 pivot from 8/25
Evening Stats (As of 1:15 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 235.77
- Volume: 32K
- Open Int: 236K
- Trend Grade: Neutral
- From ATH: -11.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Crude Oil Shows Potential Signs of ToppingCrude oil has been running since early summer, but there may be signs of a top.
The first pattern on today’s chart is the “shooting star” candlestick on Tuesday. Prices climbed to their highest level of the year before reversing lower. They dropped further on Wednesday, confirming the potentially bearish reversal pattern.
Second, CL1! has been at the top of its Keltner Channel. A potential reversion down the range could imply a drop of about 10 percent.
Third, Wilder’s Relative Strength Index (RSI) is dipping from its most overbought condition since March 2022.
Fourth, Rate of Change made a lower high this week as price made a higher high. That kind of bearish divergence often precedes reversals lower.
Finally, these patterns have occurred below the 93.50 area where crude oil had a double top in October and November 2022. That may suggest its longer-term trend has failed to become truly bullish.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NQ Power Range Report with FIB Ext - 9/21/2023 SessionCME_MINI:NQZ2023
- PR High: 15148.00
- PR Low: 15114.00
- NZ Spread: 75.75
Volume increase following FOMC afternoon
Up Next...
08:30 – Initial Jobless Claims
- Philadelphia Fed Manufacturing
10:00 – Existing Home Sales
Broke daily inventory floor of prev weeks
- Continuing to sell into London hours
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 231.45
- Volume: 35K
- Open Int: 238K
- Trend Grade: Neutral
- From ATH: -10.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/20/2023 SessionCME_MINI:NQZ2023
- PR High: 15386.50
- PR Low: 15377.25
- NZ Spread: 20.75
Tight NZ spread ahead of FOMC day
14:00 – FOMC Economic Projections
- FOMC Statement
- Fed Interest Rate Decision
14:30 – FOMC Press Conference
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 224.75
- Volume: 17K
- Open Int: 235K
- Trend Grade: Neutral
- From ATH: -8.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Will Vertex Get More Vertical?Vertex Pharmaceuticals has been quietly sitting near record highs, and now some traders may look for movement to the upside.
The first pattern on today’s chart is the tight consolidation pattern since early August. VRTX barely fell despite a steeper pullback in the broader market -- a potential sign of relative strength.
The narrow range also pushed Bollinger Bandwidth to its narrowest since early 2020. Are prices due to start moving again?
Next, the stock ended Monday at $352, its highest closing price in six weeks. That might draw fence sitters from the sidelines.
Also consider the series of higher weekly lows since the spring. It could be a sign of buyers lurking near current prices.
Finally, prices have remained near the 50- and 100-day simple moving averages (SMAs) without breaking under them. That could suggest the longer-term uptrend remains in effect.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NQ Power Range Report with FIB Ext - 9/19/2023 SessionCME_MINI:NQZ2023
- PR High: 15430.75
- PR Low: 15421.25
- NZ Spread: 21.0
Significant Economic Event:
08:30 – Building Permits
Prev session closed virtually flat
- Small NZ spread returns
Evening Stats (As of 12:15 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 227.41
- Volume: 16K
- Open Int: 240K
- Trend Grade: Neutral
- From ATH: -8.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Double bottom forming on TOTAL3, start of uptrend for ALTS?TOTAL3 vs Nasdaq 100 key takeaways:
- HTF falling wedge
- Double bottom forming on 1W
- RSI strength on current second bottom (provided this is going to be a double bottom indeed)
- Volatility at historic lows
Unconfirmed yet, wait for weekly close.
NQ Power Range Report with FIB Ext - 9/18/2023 SessionCME_MINI:NQZ2023
- PR High: 15684.75
- PR Low: 15671.25
- NZ Spread: 63.5
Evening Stats (As of 12:15 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 235.95
- Volume: 21K
- Open Int: 236K
- Trend Grade: Neutral
- From ATH: -8.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/15/2023 SessionCME_MINI:NQZ2023
- PR High: 15684.75
- PR Low: 15671.25
- NZ Spread: 30.0
NO SIGNIFICANT ECON EVENTS
Broke and holding above Sep 1 pivot
Evening Stats (As of 2:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 228.51
- Volume: 31K
- Open Int: 239K
- Trend Grade: Neutral
- From ATH: -6.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/14/2023 SessionCME_MINI:NQZ2023
- PR High: 15574.00
- PR Low: 15562.50
- NZ Spread: 25.5
Significant Economic Events
08:30 – Initial Jobless Claims
- Core Retail Sales
- PPI
- Retail Sales
Maintaining tight PR spread, low vol session open
- Maintaining daily range
- Heading back towards daily pivot high
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 233.73
- Volume: 22K
- Open Int: 219K
- Trend Grade: Neutral
- From ATH: -6.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/13/2023 SessionCME_MINI:NQZ2023
- PR High: 15510.00
- PR Low: 15498.75
- NZ Spread: 25.25
Margins increased 25% ahead of pre-RTH news
- 08:30 – CPI (2x)
Daily rollover, breaking prev session low
- Strong inventory interest off PR-2, 15480 (MNQ)
- Slight volume increase
- Holding low volatility, expecting boost from news
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.05% (closed)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 234.65
- Volume: 23K
- Open Int: 187K
- Trend Grade: Neutral
- From ATH: -7.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/12/2023 SessionCME_MINI:NQZ2023
- PR High: 15667.00
- PR Low: 15653.75
- NZ Spread: 29.75
NO SIGNIFICANT ECONOMIC EVENTS
Low NZ spread
- Holding prev session highs
- Break above early Sep 1 pivot high
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.05% (open > 15670)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 237.86
- Volume: 18K
- Open Int: 141K
- Trend Grade: Neutral
- From ATH: -6.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/11/2023 SessionCME_MINI:NQZ2023
- PR High: 15517.50
- PR Low: 15494.25
- NZ Spread: 51.75
No Significant Economic Events
- Lite week, events Wed & Thu
Rolled over to contract month Z
- Small weekend gap down, filled
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 241.84
- Volume: 18K
- Open Int: 53K
- Trend Grade: Neutral
- From ATH: -7.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Plan B for septemberI expect volatility on 13.09.23 on inflation data (3.1-3.4%), target block (24000-24800) is shown on the chart, then I expect market to recover on 20.09.23 on rate data (5,5%?).
I dont expect market below 24000 for long time. I bet we will hold Wyckoff accumulation zone which border is somewhere around 25200 - up to my analysys.
NQ Power Range Report with FIB Ext - 9/8/2023 SessionCME_MINI:NQU2023
- PR High: 15290.00
- PR Low: 15282.50
- NZ Spread: 17.0
No Significant Economic Events
Long-term inventory dropped to 15200 zone
- Buy response pushing supply >50% of prev session range
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 235.36
- Volume: 22K
- Open Int: 243K
- Trend Grade: Neutral
- From ATH: -7.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Meta’s Tight ConsolidationMeta Platforms pulled back along with other growth stocks in August. But now some traders may look for its uptrend to continue.
The first pattern on today’s chart is the 50-day simple moving average (SMA). The recent dip was META’s first pullback to this line all year.
Next is the series of higher lows since August 25. Prices have simultaneously pushed against the $299 area where they got rejected on August 24. That combination of higher lows and upside resistance could be viewed as an ascending triangle -- a potentially bullish continuation pattern.
Third, Bollinger Bandwidth has contracted to its tightest range since late May. Does that open the door to potential price expansion?
Finally, MACD recently turned upward.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NQ Power Range Report with FIB Ext - 9/7/2023 SessionCME_MINI:NQU2023
- PR High: 15392.00
- PR Low: 15379.00
- NZ Spread: 29.0
Economic Events:
08:30 – Initial Jobless Claims
11:00 – Crude Oil Inventories
Follow-through with daily rollover
- Inventory response at daily KA-20
- Retraced 1/3 of prev session range
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 234.30
- Volume: 17K
- Open Int: 250K
- Trend Grade: Neutral
- From ATH: -8.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/6/2023 SessionCME_MINI:NQU2023
- PR High: 15525.50
- PR Low: 15509.75
- NZ Spread: 32.25
Economic Events:
09:45 – S&P Global Services PMI
10:00 – ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
Prev session closed relatively flat
- Still inside Friday's range
- Fair to expect a breakout trend in the near future
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 237.20
- Volume: 17K
- Open Int: 259K
- Trend Grade: Neutral
- From ATH: -7.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/5/2023 SessionCME_MINI:NQU2023
- PR High: 15534.25
- PR Low: 15514.00
- NZ Spread: 45.25
Expected high volume following long weekend
Evening Stats (As of 1:15 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 246.89
- Volume: 99K
- Open Int: 259K
- Trend Grade: Neutral
- From ATH: -7.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.