Nasdaq (NQ) Daily Trade Plan: Navigating a Thin Market at All-Time Highs
With a Packed Speaker Schedule, Here's How to Trade the Key Pivots and the 'High Quality' Daily Leg at 24,507.50.
SCHEDULED NEWS
Good morning, everyone. Today is Tuesday, September 23rd.
Yesterday, we had an unreal rally that happened with no catalyst, moving over 200 points in one direction with no pullback. It was quite an incredible move. After sitting at the highs all night in a balance, we now have to figure out which direction we're going to move.
After yesterday's unbelievable rally, price has balanced all night in a tight 53-point range, hovering at the highs near yesterday's point of control. This market is clearly still wanting to move higher, but we don't know if they're going to drop before they pop. We have a full day of news with Flash Manufacturing PMI, President Trump, and Fed Chair Powell all speaking. We need to expect some volatility. With the air getting pretty thin up here near 25,000, let's get into the levels.