📝$NQ - Trading Plan 7/3
🗺 What's happening? (the context) 🗺 Monthly/Weekly one time framing higher - /Daily Balance
Non-Farm Payrolls tomorrow 8:30am - Also a short session.
Yesterday in the premarket we got the little poke below Tuesday’s low right into our weekly zone and sellers vanished. From there it was a slingshot right back up to Monday’s range and a rejection of Wednesday’s lower distribution. If you missed the early long there wasn’t much for pullbacks along the way aside from very shallow rotations lower that were steadily bid. Profile left us with a high and tight P-shaped profile. We have a ton of data this morning and a short session so we may see a decent move as players jockey for position early.
Overnight we have seen buyers continue to step in and trade above yesterday’s high but we have yet to take out Monday’s excess high. We have a very clear pivot to play with on pullbacks around the top of yesterday’s lower single prints and a weekly zone above with some strong zones we can use as targets
Currently above yesterday’s value
Currently trading at 22857