[nqrack] 2025-05-01 rocketship! I know what she wants, tried to tell you Sunday!

How I use these Numbers

A quick note/tip on how to use these numbers. The $MNQ_F ( 0.0% ) , the E-mini micro Nasdaq futures, as the little sibling of the $NQ_F ( 0.0% ) (E-mini Nasdaq futures) are, of course tightly correlated…as they are with the stock ticker symbol $QQQ ( ▼ 0.32% ) . It happens to be inversely correlated with a ticker symbol named $SQQQ ( ▲ 0.99% ) . So how do i use the numbers?

As a futures trader of micros, I trade directly on the chart for $MNQ_F ( 0.0% ) , but also, if i’m feeling spicy (in my Paper Trading account) I can certainly place trades on $NQ_F ( 0.0% ) , because they’re the same directionally. Every now and then, i’ll buy calls on the long/upside and puts on the downside on $QQQ ( ▼ 0.32% ) . I have another account in which I’m restricted from doing calls/puts, but can play the upside with yet another correlated entity, $VOO ( ▲ 0.25% ) (more for long term entries), but I’ve often hedged on a daily or short term swing basis on the downside, with $SQQQ ( ▲ 0.99% ) , which goes down, whenever the Nasdaq goes up. So you see, this is a versatile little ticker, not to mention the other correlated (but not as directly) entities such as the $SPY ( ▲ 0.23% ) , and several other small indices. Figured I’d break that down at some point before we move forward, and maybe i’ll stick it on the site. Yes I have a site, https://www.nqrack.com if you please! Now back to the regularly scheduled.

The Numbers

Above

She’s aiming for 20041.25, and if she can make it here, and especially breach 2080.75, then she’s certainly going to finish the job at 20127.75, and work her way through what was previously a trouble area at 20177.75…so exercise caution with any longs there…if she’s spicy, then look out 20674!

Below

Well, they have goosed this tape so high that they’re certainly testing the 20041.25-20127.75 range. if they fail, then we are paying our prior numbers a visit, all potential bounce places, depending on how she gets there: 19859.50, 19676.75, 19597.8, and below.

The Big Picture (and shout out to myself for letting you know a little something here…)

in short, in case you couldn’t tell, the trend is UP.

yesterday, the market hit a critical place, around 19162.25:

and showed us in no uncertain terms that she wasn’t interested. I told you about that before the week began:

And that’s exactly what they did in that area. And boy did they do it.

So now we find ourselves recovering the more significant dump of March…and party people, if she can close candles daily above these ranges, the bulls are most certainly back and all time highs are back on the table.

News

Aside from some major earnings, that could be a catalyst for a bullish victory, or keep us in our bearish balance (Meta, Google I believe), we have PMI at 10:00am today that could swing things one way or another. Should be an interesting next two days, with payrolls on the docket tomorrow.

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