I am looking at NQ. We have some buyings in premarket, however, I am not really positive for the moment. Daily charts, we had a small range candle last Friday, and closed at moving average. 60-min chart, we are at support level 1800.75, and it is kinda negative from the view of Adjusted TRIN and Buyer/Seller indicator.

I am waiting for the break of the support level before start looking at short opportunities.

• Previous high 1815.50
• Previous low 1800.75

[photopress:NQdaily.jpg,thumb,alignleft][photopress:NQ60min_opening.jpg,thumb,alignleft]

I did not have an entry setup during the explosive move in the opening. Feeling tired. I will call it a day since this is options expirations week, and NQ is staying flat since 1030am (NY time). I am out today.

btw, please cast your vote at the side bar. I am alway curious how many of us, traders, care about Options expiration Friday. Vote!
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Options! expiration Thursday. Options! I don’t know Options!

I am looking at Nasdaq daily chart, It looks like we are heading to 20 SMA. Coincidentally, Downtown trader is kinda sharing the same view. From 60-minute chart of NQ, trend started turning down and sellers kicked in. So far, I am interested in looking for short opportunity today. But who knows? There might be some surprise.

I will be trading today. But, I will try to be very cautious, since it is Options! expiration Thursday, I don’t know what’s gonna happen today.

Another note, my site has been down every day around 4am (NY time) since last week. And the technical supports just can’t fix the technical problem. Oh well, Time to look for a better trade, since I can get back refund of my remaining subscription. So if this site is down again, you know why. Now, on the quest of better hosting firm.

We are getting some sell off of NQ in premarket session. We are having a gap down in the opening of cash market. From the data of past 3 days, we have a UP, a FLAT, and today..DOWN? Let’s see if we are breaking out from the small range formed yesterday.

• Previous High: 1862.75
• Previous Low:? 1851.5

Patience is always required

There seems to be some weakness in premarket action. At least, I am looking at some selling of NQ in premarket.

Overall, I am still positive on NQ. Opening weakness might provide some opportunity to go long. Patience is required now.

Summary:

• Previous high: 1863
• Previous low:1845.5

btw, I have finally changed the look of this site. I hope it does look good 😉

I am trying to write a post every morning to prepare myself before start a trading day. Well, I am trying. Let’s see how it goes. Today I am a little bit late though.
I am looking at NQ (E-mini Nasdaq-100 futures). From daily chart, 60-min chart to 5-min chart, I am still rather positive. I won’t be surprised if we have a choppy day. I am interested in watching if NQ is able to go beyond yesterday’s high.

• Yesterday’s High: 1856.5
• Yesterday’s Low: 1832.5
• Support area: 1844.81

Let’s have a good trading day.