The current test of the 4000 level has held for three straight sessions, and is the current pivot that major players are focusing on. If buyers can continue to hold price above 4000, we could see serious expansion in October that sees price to 4200.
The NQ dropped into our 4035.50 key level and swing bulls came in strong to defend, squeezing late shorts below the prior session’s close and sparking a move precisely into our pre-market targets at 4061 and 4087, completing a fantastic 50-point winner!
I sent out this pre-market playbook chart of the E-Mini NASDAQ 100 futures to our traders about 25 minutes before the RTH open – a call that paid 50 points today!
We nailed another one with our call to buy 4035.50 for a shot at 4061 and 4087 in the NQ this morning! Our pre-market playbooks have been on fire! Here’s our outlook, plus a review of the day’s events.
Crude Oil continues to trade within a coiling range, which has a backend measurement of nearly 6 points. Once expansion from this range occurs, we could see a 5-6 point in the direction of the break.
