Trading levels for 01/08/2019

E-mini Nasdaq-100 Futures (Mar 2019) (CME_MINI:NQH2019)

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CME_MINI:NQH2019 E-mini Nasdaq-100 Futures (Mar 2019)

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So yesterday i was expecting a rejection from the 50% level area, too bad it happened in the overnight market. Moving forward I can see that the market is pushing higher, i will expect a correction, but if the market keeps pushing higher i will be looking to take some shorts at the 61% fib level, which in this case is really close to R3. In the other hand, 6400 would be a nice place to start some longs, there is some previous structure support plus YL.

Please keep in mind that these are not trading signals, use your own analysis before taking any trades.

PLAN YOUR TRADE AND TRADE YOUR PLAN

K.R.S.

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