Monthly MNQM23 chart:
Weekly MNQM23 chart:
Daily MNQM23 chart:
Ran into a bit of a technical problem with the video and other things got in the way this morning, but I produced this and the additional video on 15-minute charts anyway.
We are still looking for some resistance where around 13930 and 14600 as it seems that traders as a whole still believe that the combination of lack of fiscal responsibility and the want of both mainstream American parties to spend like cocaine addicts on a bender. That would ultimately lead to the Fed cutting rates again in the near term, something I personally think is reckless and totally tone-deaf to the American citizens and taxpayers on the street.
The discussion of monthly weekly and daily charts runs until 7:24 and a rather tight re-edit of the video with the discussion of the 15-minute charts comes right after that.
I will get deeper into the discussion about stops and targets as time goes on with respect to 15-minute charts soon.
I apologize for the way this turned out, but I will continue a more detailed discussion in the future. I hope you have a peaceful, productive, and profitable week post-Mother’s Day. Go make your Mama proud!
