[nqrack] 2025-04-05 Hold on to your butts...i made a video

link to live charting?

Preamble

I made a video…with some talking! It ain’t much, but I figured I’d start talking through my charting for the week. Go easy on me, I’m new to this YouTube thing! Maybe it’ll be helpful, however. I’d love to see any questions you have however, always happy to explain myself!

The Numbers

Above

If they keep trucking upwards, they’re aiming to break 20505. if they can push past it, it’s an easy road to 20714.75 then 20836, and then they become a stones throw from the all time highs again! on the way, we have the magnets of

21553.25, 21990.75. then strongest resistance on the way to ATH of 22067.75 and 22313.75. How many of us think they’ll make it?

Below

losing 19924.5 lets them sell it back down to 19837.5, and 19690.75, heading to 19506.25. losing 19286.5, gets the bears back into play to try to sink 19102, then down to 18643.25 and below!

The Big Picture

Welp, she rallied, and she’s Just About Bullish. 🙂 

Nasdaq was able to fully recover where she lost it in April, and now is working on March. I took a consolidation value area and created a range, and look at the bottom of that range. the first standard deviation below is just where she rejected for a major dump late March. We are just about at that critical level again. If they, in the next 20 minutes, could manage to open above it, then she’s certainly trying to target All Time Highs soon. Whether or not she can make it remains to be seen, but she certainly has had Very bullish momentum, so we’re taking that at face value.

Above the orange level is flat out bullish as far as nqracky is concerned. This is an interesing week, because we have a load of news just as she reaches these critical levels. So the skeptic in me is seeing this as plenty of opportunity to dump it. But given the market’s job is to fool as many folk as possible…I would not be surprised if they get it goosed to high heaven on the news either. Anything can happen!

News

So much on the docket this week, could prove to be rip-roaring, so hold on to your butts!

Date

Time

Description

5/2/2025

10:00:00 AM

US ISM Services PMI

5/7/2025

2:00:00 PM

US Fed Interest Rate Decision

5/7/2025

2:30:00 PM

US Fed Press Conference

5/13/2025

8:30:00 AM

US Inflation Rate MoM

5/13/2025

8:30:00 AM

US Core Inflation Rate YoY

5/13/2025

8:30:00 AM

US Inflation Rate YoY

5/13/2025

8:30:00 AM

US Core Inflation Rate MoM

Here’s to patience, confidence, learning, and profits! 🫡