NQ daily trading plan for 6/30
NQ bulls were not able to hold our key level and da bears took control
Important note: This will be the last NQ daily trading plan for the foreseeable future. We do not think any of our subscribers day trade futures and truthful posting daily has been slightly draining. We will go back to posting around 3 times a week with a bigger focus on quality and creating alpha.
Charts and Analysis:
We saw our key level for 6/29 get touched and rejected several times during the ON session before finally getting a hard rejection around open. The ever important level of 15,109 acted as both a support and resistance.
Before markets open we have the FEDs favorite inflation gage, the PCE data print. Not to mention tomorrow is the end of the quarter and the end of the month so we believe tomorrow is likely going to have crazy price action.
Daily Key Levels:
15,142 is our key level going into tomorrow’s trading session.
With a clean break and a hold above 15,142 we would target 15,164 | 15,184 | 15,197 to the upside.
With a clean break and a hold below 15,142 we would target 15,129 | 15,116 | 15,109 to the downside.
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.