π$NQ - Trading Plan 7/1
πΊ What's happening? (the context) πΊ Monthly/Weekly/Daily one time framing higher
NQ spent the entire day bouncing back and forth between two of our zones until the late day move higher. The lower zone held all day until we looked below prior to the close.
As stated in the morning update I was expecting some fireworks into the close as itβs the end of the quarter, and that was really the only decent move all day if you were still awake. The late day move higher gave us a nice excess on the high which is something to keep an eye on in the overnight session. That area above could act as resistance on a retest. Overall not much changed today from the open to close, we settled the session right where we opened, value moved higher, we made a new ATH, and sellers are still nowhere to be found. The only potentially βbearishβ thing out there is the excess high but Iβm not convinced just yet.
Until sellers assert themselves, we go zone to zone, trimming and trailing, stacking base hits and avoid chasing. We will see how we open Sunday night and I will post an update Monday morning.
Currently above todayβs value
Currently trading at 22874
Here are my critical zones and how I plan to use them today: