Are you ready to follow the NQ’s rally?!

Good morning, Traders!

The Nasdaq futures market (NQ) is doing what we want it to do. The market bounced off support and is rallying back toward resistance! We could now see a +4000 tick opportunity develop with this rally.

Our timeframe charts reveal that the NQ has broken our counter trendline and surged back into a bullish run. Need a quick refresher on how counter trendline breaks work? Check out this short video I made that explains the whole process.

Now that the market is back in a rally, we’ll turn to our timeframe charts and watch for opportunities to buy the market at low prices as it continues to head toward resistance. Remember that resistance is the point where buyers stopping buying the market, temporarily driving the price back down.

Let’s take a look at our daily and one-hour timeframe charts to get the full details of the NQ market…Daily Timeframe Analysis

The current direction for the NQ daily timeframe is still up. Support for the market held (lower grey line), and the NQ is rebounding back toward resistance (upper blue line).DAILY TIMEFRAME

The direction within the daily timeframe is up

1-HR TIMEFRAME

The current direction for the one-hour timeframe is up

THE BOTTOM LINE

The U-turn direction remains up

The NQ daily timeframe chart

The direction for the NQ daily timeframe remains up. We could see a +4000 tick opportunity as the market continues to rise (long green arrow) toward resistance (upper blue line)

If the trend holds, we could see a +4000 tick opportunity develop as the market continues to rally. Don’t forget that the market trades in waves, so we shouldn’t worry when we see price dips within the rally. That’s when we have the opportunity to buy the market at a low price within the buy zone as the overall direction trends upward.


Take a moment to watch my video on how tick movements work to understand why this is so important!

One-Hour Timeframe Analysis

A quick look at the NQ one-hour timeframe charts confirms that the overall direction for the market is up. The price is clearly rebounding and headed back up toward the top of the channel (upper grey line).

Chart the channel

The one-hour timeframe for the NQ confirms the market’s upward direction toward the top of the channel (upper grey line). The market has broken the counter trend line (diagonal line in the middle of the channel) and is rallying again!

As the price gets closer to resistance, we can expect the possibility of another dip, followed by another rally as the market continues its overall upward movement.

When a market hits resistance, buyers are less likely to continue buying the market, causing the price to dip. But it’s just a temporary sell-off. So long as support continues to hold, the price will U-turn and begin to rally back into the buy zone again!

To learn more about how I predict future market price direction, head over to my website and check out my free trading resources!The Bottom Line

The overall direction for the NQ futures market is up! The price has clearly broken the counter trend line and is rallying toward the top of the channel. 

We’ll turn to our timeframe charts as the market continues to move. Our charts will help us find opportunities to execute our entry strategy for the NQ. That’s why our timeframe charts are such important tools for our trading strategy!

The Bottom Line

The short-term and long-term directions for the NQ are clearly up. We’ll keep an eye on our timeframe charts as we look for opportunities to buy the NQ

You’ve seen the setup for the NQ futures market. Now it’s time for you to take the next steps toward being a successful trader! Don’t miss out on this opportunity. There’s so much more to learn, but you have to make the decision now to get started!

Keep On Trading,

Mindset Advantage: Learn When To Stop

If it gives you pause… then pause.

How many times have you plowed into a trade… with second thoughts? Once you enter, your stomach immediately drops – the regret is almost unbearable.

Welcome to trading for millions of retail traders. The very thing that’s supposed to bring the freedom, happiness and financial independence they’ve been hoping for… is making them sick to their stomachs.

Why do something that makes you feel less than awesome? Take a minute. Save your money and your account. Collect yourself… practice, watch the videos, talk to one of our traders and get your mojo.

Simply put… Just stop and only trade when you’re ready. There’s plenty of money to be made out there.Traders Training Session

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Josh Martinez

Josh Martinez

Josh Martinez is an elite Analyst who’s been actively trading the financial markets since 2011. He’s known as one the leading innovative traders in this industry due to his his cutting-edge strategies.

Josh first burst into the scene when he took an initial deposit investment of $500 and turned into over $39,000 in just under 2 years.
Josh’s trading articles have been featured in Your Trading Edge, The FX Street, Trader Planet, Forex Crunch, Trading Pub, and Equities.com.

In addition to trading, Joshua has also trained thousands of traders worldwide. His strategies and systems have helped others find success in the market

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