NQ daily trading plan for 6/26
Welcome to the first edition of Celeritas Capital new daily trading plan for NQ. (NASDAQ futures) Here you will find technical analysis for NQ, along with our key levels for the day.
First a couple of things to keep in mind before we dive into it. As this is the first edition of this trading plan things like layout and contents are subject to change. Second none of this is investment advice and should NEVER be used as investment advice, our goal with this plan is to educate. Finally, we would like to acknowledge that is series is heavily inspired by
who publishes a daily plan for the S&P 500 futures index (ES). If you trade futures and are not already subscribed to him we highly recommend you do. Now onto the charts!Chart & Analysis:
With last week being a short trading week that lacked any major catalysts. It is not much of a surprise that NQ similar to ES started the short week fairly decent but slowly dropped towards past supports. One key resistance that NQ respected last week that we expect to be relevant again, which is 15,267. We started this week with NQ making some small gains in the overnight session (ON) with a 40 point at the time of writing (7:30pm PST). We would also like to draw attention to the fact that a candle close above the 50d EMA in the past has been a bullish signal in the past. Which can be seen in the chart above. A quick side note in our chart above the POC is the salmon colored line and the white dashed line is the VAL and we will be using the 2h candles for our charts.
Also apologies for the upload today, we will try and have our daily plan published around 6:30pm PST.
Daily Key Levels:
15,109 is our key level going into tomorrow’s session.
With a clean break and hold above 15,109 we would target 15,120 | 15,163 | 15,194 to the upside.
With a clean break and hold below 15,109 we would target 15,093 | 15,068 | 15,057 | 14,994 to the downside.
If you have not yet checked out our weekly plan please do. You will find more analysis and levels there! And if you have any thoughts on how we can improve our new NQ daily trading plan please let us know in the comments.
DISCLAIMER: We are not Financial Advisors, and all information presented is for educational purposes ONLY. Financial markets can be extremely volatile, as such using good risk management is a must.