The NQH12 Nasdaq Emini Futures broke downward through the pivot point (2320.25) overnight and steadily trended down into pre-market trading where the NQ found the S1 level (2311) listed last night in our daily levels report. Pre-market traders pushed the NQ up into the cash market open to the mid-point level (2329) briefly regaining the NQ pivot point before selling pressure took over in the first hour. Sellers pushed the NQ down to the S1 level briefly before quickly changing direction to the upside once again as buyers pushed the NQ up through the lunch hour. The high for the day was reached at our R2 number (2347) just after lunch with the NQ trading sideways into the cash close, 2342.50, the mid-point level between R1 and R2. If you're not using S/R levels and the NQ emini pivot point in your trading, you are missing out on important indicators which can enhance your emini trading.
S/R levels and Pivot Point for NQ emini trading tomorrow:
R3 2409.50
MP 2390.50
R2 2371.25
MP 2364
R1 2357
MP 2345
PP 2333
MP 2326
S1 2318.75
MP 2306.75
S2 2395
MP 2275.75
S3 2256.50
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