Nasdaq Special: NQ Edition

Week of 10/20/2024

Oct 19, 2024

Hello Traders,

I wanted to take a moment today to share a special video focusing on the NASDAQ (NQ). While the S&P 500 (ES) is surfing at all-time highs, we’re facing a lack of context and structure, making trading at these levels more challenging. To add to that, volume has been extremely light, and the market’s pace has been frustratingly slow.

Given these conditions, my primary focus over the past week has shifted to NQ/NASDAQ. Unlike the S&P 500, which is extremely bullish, the NASDAQ has yet to make new all-time highs and is currently lagging behind. This provides us with plenty of structure to work with, offering better opportunities to capitalize on as we trend upward.

With this in mind, I thought I’d share a review of the levels I’m monitoring and the potential scenarios that could unfold based on how price interacts with these key levels. Take a look at the video below as well as the cheat sheets, where I go over exactly what needs to hold and what needs to play for our continued progression.

I hope this special focus on the NASDAQ gives you valuable insights and helps you prepare for next week. Let’s keep our eyes on the prize and conquer these markets together.

Enjoy your weekend,
Ryan Bailey
Vici Trading Solutions

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CHEAT SHEETS
WK/DAY TPO