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Trading the Nasdaq 100 in the Sell Zone

Each and every week, I share what I see as one of my top trade ideas for the futures contracts markets. 

And to invite global comments, I provide the core chart and discussion on my TradingView page right here.

The Nasdaq 100 (NQ) continues to provide trading opportunities both for shorter-term trades as well as for longer-term position trades.

And today, I see the Nasdaq via futures contract trading (NQ) as providing one of my best trade ideas for this week.

 The Nasdaq 100 (NQ) Trade Setup

Here’s how the chart is setting up my trade idea for this week for the Nasdaq 100 futures contract (NQ)…

 Nasdaq 100 Futures Contract (NQ) Price and Technical Analysis – Source: TradingView

And here’s how I see the trade setting up for this week’s idea…

The NQ daily time frame is in a down trend, with the market making lower lows and lower highs in the sell zone. 

The market broke a counter trend line bearish, and it has a down Fibonacci price point 9,156.75, about -9,554 ticks below the market. 

It will be a good idea to turn to the one hour time frame and to look for selling ideas in the sell zone.

The Bottom Line

For more on the markets as well as trading education and trading ideas like this one, look for the next edition of Josh’s Daily Direction in your email inbox each and every trading day.

Also, be sure to check out my TradingView page and follow my work right here.

I’ll be bringing you more of my stock and futures contract trading tutorials as well as some additional trading ideas.

And if you know someone who’d love to make this a part of their daily trading routine, send them over to joshsdailydirection.com to get signed up!

Keep on trading,

P.S. In addition to my trades in the futures contract markets, my pal Ross Givens here at Traders Agency continues to come up with some great under-the-radar stocks for stealth profit opportunities. And he showcases these opportunities in his premium Stealth Trades service… To learn more about how to become a stealth stock trader following Ross’s lead, click here now.

The post Trading the Nasdaq 100 in the Sell Zone appeared first on Josh Daily Direction.

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