NQ Power Range Report with FIB Ext - 8/8/2024 Session
Trend Analysys
Chart patern
2024-08-08T02:55:49+00:00
CME_MINI:NQU2024
- Previous Range (PR) High: 17,928.00
- Previous Range (PR) Low: 17,862.25
Neutral Zone (NZ) Spread: 147.0
Key Scheduled Economic Events:
- 08:30 | Initial Jobless Claims
- 13:01 | 30-Year Bond Auction
Market Observation:
- Filled weekend gap, then reverted within the range.
- Maintaining weekly range, depleting supply at both high and low ends.
Evening Statistics (As of 10:45 PM 8/7):
- Weekend Gap: -0.66% (filled)
- Session Gap 7/24: -0.32% (open > 19,946)
- Gap 10/30/23: +0.47% (open < 14,272)
- Session Open ATR: 493.18
- Volume: 44K
- Open Interest: 244K
- Trend Grade: Bullish
- From BA All-Time High (ATH): -14.1% (Rounded)
Key Levels (Rounded):
- Long: 20,954
- Mid: 19,814
- Short: 17,533
Note: This is not speculation or a prediction. It’s a report of the Power Range with Fib extensions for target identification. Conduct your own due diligence (DD). Determine your own risk tolerance. You are fully capable of making your own decisions.
Definitions:
- BA: Back Adjusted
- BuZ/BeZ: Bull Zone / Bear Zone
- NZ: Neutral Zone
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