NQ Power Range Report with FIB Ext - 11/7/2024 Session
NQZ2024 - PR High: 20923.50
- PR Low: 20889.00
- NZ Spread: 77.0
Key scheduled economic events
08:30 | Initial Jobless Claims
13:00 | Fed Interest Rate Decision
14:00 | FOMC Statement
14:30 | FOMC Press Conference
AMP Futures increased margin requirements overnight
- Broke above 20800 daily pivot
- Continuing to auction above previous session high
Session Open Stats (As of 12:25 AM 11/7)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 310.36
- Volume: 24K
- Open Int: 262K
- Trend Grade: Bull
- From BA ATH: -1.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Note
### 🧭 PREMARKET AWARENESS
- Overnight Range
- High: 20999.25
- Low: 20861.50
- Change: 🔼 0.48%
- Primary Zone: Neutral
- Sentiment: Long
- 30 min ATR: 20.01 🔽
- NQ premarket volume check: 77K 🔽
- Vol alert: Fed/FOMC afternoon.
- AMP margin increase for expected news-based volatility.
- NQ highlight: Auction gradually rising above previous session close to 21000 supply.
- Value spread across overnight range.
- ES RTY YM highlight: Shared sentiment and structure.
- YOUR (RETAIL) PARTICIPATION IS JUST AS IMPORTANT AS INSTITUTIONS AND WHALES
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.