Each morning I provide a pre-market report for our Premium Members, which outlines the swing and intraday key levels to watch and trade for the E-Mini S&P 500, Crude Oil, and E-Mini NASDAQ 100 markets. And I’ve got to say, Thursday’s pre-market report was pure money!
In the video, I outline the key range that developed during the overnight session in the NQ, which formed from 4286 to 4315.50. I then go on to further explain our primary trade idea for the session, which was for bulls to defend the top of the key range at 4315.50 for a shot at the 100% expansion target at 4345, and I also offer additional scaling targets along the way.
Additionally, Our Premium Members received the following RT Playbook that detailed the primary and secondary trade ideas for the NQ, both of which revolved around the 4315.50 key level. In the playbook, I mark the primary trade idea with a reversal arrow off the pivot at 4315.50, with the end of the arrow pointing to our final target at 4345 (shown below).
As you can see, NQ bulls defended the first test of 4315.50 after the Open with precision, and then squeezed shorts the rest of the day, which eventually culminated with price reaching the 100% expansion target at 4345. This was a picture-perfect 30-point move from key level to key level that was worth $600 per contract traded!
It doesn’t get any better than this, and it absolutely makes my day when I’m able to provide our Premium Members with trade ideas like these.
If you’re not already a Premium Member, please take our 2-Week Trial…you’ll be glad you did.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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