NQ Review | Week starting 7-Apr-2025
We have been in a downtrend that reminiscent of the market during COVID times.
The Orange man is ruffling some feathers.
Tariffs are not a new thing, it is just that for the first time in a long time someone in America is thinking about America first.
Whatever that means, I don't know. I just follow price and its market structure.
At the weekly, price is about to kiss the 200 MA, will that get us a big reaction? It is quite likely, I am going to be very careful with my shorts.
Key takeaways:
- Unmitigated zone below - price could come down to the 30% or 50%.
- The 200MA can also give us a good reaction.
I am not here for the big moves, I am here for the small and precise scalps.
Along with the confluence of the Weekly + the S&Dr zone price closed on Friday, this area might provide for a bounce, where to, I don't know - I only follow price, I don't predict it.
The 4hr is very bearish, remains to be seen how the market opens in less than 12 hours. Will it be a dark Black Monday or some respite through a bounce?
For me, this does not present with a trading opportunity - there is almost nothing to the left based on which I will like to place my Stop Loss.
On the lower timeframes, I would consider a Buy Stop Entry for a 10-20 pt scalp.
