Let’s get ready for the trading week!

Good evening, Traders!

I hope you’ve had a great weekend! As we wind down and prepare for the coming week, I wanted to take a moment and give you a quick heads up about what to expect for the futures markets over the next few days!

We’ve kept our eyes on the Nasdaq 100 (NQ), Russell 2000 (RTY), and Gold Futures (GC). And thanks to my trade setups, there’s been plenty of opportunities to make profitable trades in all of those markets. But what’s our plan for the coming week?

But before we begin, we need to remember to be careful when looking at the markets ahead of time. While we can make accurate assessments for the next few days, we can’t predict the future!

Weekly Market Prep

Markets To Watch This Week:

Nasdaq 100 – NQ

Russell 2000 – RTY

Gold Futures – GC


Nasdaq 100 – NQ

The NQ daily timeframe chart is showing a seriously positive price movement as the market continues to rally higher! The direction is definitely up. We’ll want to continue monitoring the NQ and keep an eye on the one-hour timeframe to look for buying opportunities.

Chart the channel

Russell 2000 – RTY

While the overall trend for the RTY is still positive, it looks like we could see a retracement (temporary drop in price) along the way.

We could see the RTY take a bit of a dip, as some investors are concerned about the strength of the economic recovery. If that happens, we’ll watch the price movement in the RTY and make sure we catch any chances to buy in if we see a dip followed by a U-turn back to a bullish run.

Chart the channel

Gold Futures – GC

Gold futures continue to impress me as we still see a bullish rally in the GC market. Many investors are turning to gold as the cryptocurrency market continues to crash. Remember that Wall Street likes to use gold as a hedge against uncertainty in the market. That means investors buy gold any time they have concerns about the stability of the market.

If we continue to see worries grow over the broader market and economy, we could see gold prices keep pushing bullish over the next few days!

The Bottom Line

The Bottom Line

As you can see, all of these futures markets have unique circumstances that dictate their price movements. That’s why using our timeframe charts to follow the trends is so important.

As we begin a new week of trading, be sure to follow me as I show you what to look out for and how to approach each of these futures markets. Let’s get ready to trade!

Keep On Trading,

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

Reader interactions

2 Replies to “Let’s get ready for the trading week!”

  1. michael george ferris May 25, 2021 at 1:59 pm

    hey thanks, josh, great stuff.

    Reply

    1. Traders Agency Analyst July 20, 2021 at 2:49 pm

      Thanks Michael, your kind words are much appreciated!

      Reply

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Josh Martinez

Josh Martinez

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