NQ Morning Prep Feb 07, 2025
Can the bullish tone continue as we approach last weeks highs in NQ?
NQ pretty flat in overnight trading, hanging around yesterday’s RTH close at 21,871.75. Will be interesting to see if we can get a push above last weeks highs around 21,950. If we get rejected, this could represent another lower high after a volatile week that went essentially nowhere after four days of trading.
Also pay attention to VWAP currently at 21,862 and ETH lows around 21,790 and 2-day-VWAP around 21,736 for potential reversals if we should approach these levels.
Going into the session I will be prepared to go with an early breakout and wrap up the week early if possible. Would avoid counter-trend swings after 11 AM on a Friday.
