The level to retest is 31,548, drawn above price. Strong support sits at 31,341: price consolidated there, then made an explosive move to the upside around 1 AM. Once it cleared the 31,400 area it really took off.
This is trading education, not a signal or a promise.
Levels drawn before the open
Every level below was drawn on the chart before 9:30 ET and checked against the price axis. They are graded after the close by fixed rules, whichever way they go.
| Level | Role at the open | Result | What price did |
|---|---|---|---|
| 31,548.06 | drawn | after the close | |
| 31,341.69 | drawn | after the close |
The plan
Price is in a nice bullish trend, way above the VWAP. On the one hour, a pullback in the next hour or two to the trend line would be a possible bounce before the next leg up.
Two paths: 1. Continuation straight up toward 31,548. 2. A pullback toward 31,460, then continuation to 31,548.
On the six minute there were a few small gaps, and price filled them.
A level is a reference drawn in advance, not a forecast.
In the video
- 0:00Tuesday: NQ up about 195, extremely bullish
- 0:14Levels on: 31,548 above, the retest
- 0:34The one hour
- 0:51Strong support at 31,341
- 1:06Why a tight stop can hurt
- 1:16Through the 31,400 area
- 1:45A pullback to the trend line?
- 1:58The six minute: gaps filled
- 2:30Above the VWAP: 31,460, then 31,548
- 2:49Questions, and ciycapital.com
The prep is free every trading morning, with the levels drawn before the open. Get it here.
Trading education only. Not financial advice, not a signal, and no promise of any result. Full disclaimer.