NQ1! Chart for 5/10-5/11 S/D Levels
WOW CPI made the charts move! We hit our bull target... by a landslide! I was not expecting this many points to surpass our EOW targets.
I have switched to NQ1! charts as it is easier to backtrace for finding zones. Therefore, we have new pivot targets as of tomorrow. We are forecasting a 2.4% PPI report, and our targets based on a 100pt move would be:
Bull: 13597 and Bears: 13353 or 13259. We are approaching a Daily Supply zone, so be aware of orders sitting in this area. We retraced the entire CPI move and then headed for new highs. The same possibility is happening for tomorrow. I follow Book Map for intraday targets and will be keen to see what will play out for tomorrow!
Link for the NQ1! chart: tradingview.com/chart/5XGqlTVf/?symbol=CME_MINI:NQM2023
I have switched to NQ1! charts as it is easier to backtrace for finding zones. Therefore, we have new pivot targets as of tomorrow. We are forecasting a 2.4% PPI report, and our targets based on a 100pt move would be:
Bull: 13597 and Bears: 13353 or 13259. We are approaching a Daily Supply zone, so be aware of orders sitting in this area. We retraced the entire CPI move and then headed for new highs. The same possibility is happening for tomorrow. I follow Book Map for intraday targets and will be keen to see what will play out for tomorrow!
Link for the NQ1! chart: tradingview.com/chart/5XGqlTVf/?symbol=CME_MINI:NQM2023
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