NQ Weekly Trading Plan for 6/25-6/30
Analysis of NQ & upcoming Economic events
Welcome to a new series by Celeritas Capital! We noticed that there are several great Substack writers who publish their daily trading plan for ES (S&P 500 Futures). However, finding the same daily trading plan for NQ (NASDAQ Futures) was fruitless so we decided to try our hand at it. You can expect a weekly NQ preview every Saturday in which we will share our NQ chart for the week, our expected key levels for the week, and the upcoming economic events for the upcoming trading week. As for the daily NQ trading plan we will of focus include smaller time frame charts along with a brief analysis of the previous trading session. Also in the daily NQ trading plan we will off course include our key levels and our long/short targets as well. We plan on having the daily plan out by 6:30pm PST every trading day. We are very excited to be starting this series and hopefully we will have the time to expand to some other future contracts. As always we would appreciate any feedback in the comments below (even if you think are levels suck) and thank you for reading.
Weekly Chart:
After a rather tame week for NQ due in part to the shortened trading week. It is our view this week we will see a bit more “fireworks” from NQ. Or it is entirely possible that NQ trades sideways this week will market participants re-evaluate their positioning. With that being said our weekly key level is 15,141, with bulls aiming to close above this level and bears aiming to close below this level. Also important to note is the area between 15,400 & 15,450 has seen some rather intense selling pressure in the past. So we would like avoid buying in that area or exercise extreme caution if we did enter a long position in the aforementioned area. Something else worth pointing out is the poor volume & structure in the area of between 14,995 & 14,890. We would also exercise caution buying in this area. We will dive into more detail tomorrow and all of our daily plans this week.
Weekly Key Levels:
Levels to the upside: 15,095 | 15,135 | 15,196 | 15,255 | 15,385
Levels to the downside: 15,035 | 15,005 | 14,970 | 14,905 | 14,850
Economic Events:
This week does not have an absurd amount of economic data but it certainly is not empty by any stretch of the imagination. We underlined (in pink) what we believe are likely to be the most impactful economic events for markets. This includes Wednesday morning with three Central Bank heads scheduled to speak. The biggest economic data release is likely to be the Core PCE index, which is the FED’s favorite measurement of inflation.
Thank you for reading! If you have any suggestions or if you think you will be able to find good value within this new series let us know in the comments. And make sure you’re on the lookout for our daily NQ trading plan tomorrow.
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.