NQ1! NAS100 NASDAQ 2023 APR 24 WEEK

2023年4月22日

NQ1!
NQ1! NAS100 NASDAQ 2023 APR 24 WEEK

NQ continued to rotate. No trades from last week per scenario1.
Weaknesses have manifested, so if you are holding long, may be
a good time to take profit during this toppish structure.

Possible scenarios:
1) Market stuck in a 250pt range, wait till supply/demand is
resolved
Then:
2) Breakout of upper boundary to test 13740
= long at support of upper boundary of range
3) Breakdown of lower boundary of range
= Short on rejection of 12950
4) If you can't live without trading, you may look for long on
support between 12950-13040 | Short on rejection
between 13350-13212

Volume Analysis:
Daily: With the increase in supply volume and toppish market
structure, this may usher in another round of distribution
(i.e. selling)

Price reaction levels:
Short on Test and Reject | Long on Test and Accept

14361 13740 13550
13316 12950 10710 - 11068

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Have a profitable trading week ahead.