NQ/QQQ Weekly Levels (Oct16-20)

17 Eki 2023

Here the levels I'm working with this week.

The NQ recovered all of Friday's losses today with a hard reversal back up through the 55 ema which is now support. A break above the recent pivot high would confirm 382 fib support and put the 618 in play at 15600. A break below Friday's low would put the Aug 18th low in play.

A ton of Fed heads speaking this week
Earnings heats up with reports from TSLA & NFLX.
Potential escalation of the Israel conflict could cause extreme market volatility.

20 Eki 2023

Not

Lower target has been hit. The Aug 18th low is support until its not. If the leve fails look for a move to the Aug 16th high and potentially a deeper move to the 200 SMA.
If support hold a move back up into the 9/21 emas is also possible. Expect high vol.
Today is OPEX.