TheStrategyLab.com key charts and their stories for active traders of CME Nasdaq 100 NQ Futures

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Disclaimer

Posted: February 13th Tuesday @ 10:37pm est 2007

Key Market Day

Key Market Day does not imply that the particular trading instrument discussed below will continue in the direction of the pattern signal.

It implies that the pattern signal occurred on a trading day that had impact into the direction of the pattern signal via either a key economic report, key regular schedule market event, key geopolitical event, market seasonal tendency (cycle) or the price action of another key market.

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The pattern signal in the CME Nasdaq 100 Emini NQ futures was a reaction in the price action that had occurred in the prior two trading days.

Take a look at your charts for NQ on Feb 9th Fri and you'll see a trend day (expansion day) downwards. Next, on Feb 12th Fri, you'll see a small range trading day.

Simply, rising volatility that's followed by declining volatility to setup a pattern signal (Feb 13th Tues) on a low volatile trading day...volatility analysis.

In fact, if it wasn't for the 10am est FED speech on Feb 14th Weds, the pattern signal on Tuesday may have been retraced.

Trading Instrument: CME Nasdaq 100 Emini NQ Futures

Price Action Pattern source: Swing Trading Report (STR)

Click on chart to view actual size

If you have any questions about either the price action involving the pattern signal or the pattern signal itself...

You can send an email to questions@thestrategylab.com

Also, to view the archives of what we consider to be key market days along with the clues associated with the key price action...click here.

Disclaimer: The above chart in the key chart stories is for illustration only and they represent trades (real money or simulator) of those traders that have access to either our profitable free strategy, trading reports or trading manual.