
TradeTheBreak
3.6K posts

TradeTheBreak
@BVZY19
NQ_F Model is simple: liquidity run, SMT, key time, and breaker entry. #ICTconcepts #Breaker 1- on -1 coaching. https://t.co/2c39GCC4hM








Here is $SPY today. We are gapping up and inching closer to that 20/50EMA cloud resistance. Do we create something similar to 2022, where we create another small consolidation/wedge into it? and if so, does this trigger the red scenario or green? Red would produce that potential HL above weekly 2nd LL (maybe that 3rd LL like in $QQQ 2022). Green would be acceptance of that 550/560 zone resistance aka 20/50ema cloud and then a break higher towards the 100DMA/20WMA. Whether that takes place now or into May, I am focusing on #ES_F/#NQ_F futures for swing and then $CRWD, $PLTR, $HOOD, $NVDA as they have shown strong RS. I think for now, this can just be a short-lived rally into resistance, as we need to build a base (starting to now) in order to create stage 1 bases for many names for sustainable uptrends.





#ES_F needs above 5390 and #NQ_F needs above 715 to attempt higher. We are seeing the rejection from daily 20EMA and looking to see how much lower we can go. The HL sequence since last Sunday's gap down may be ending here and we may now want to challenge that Sunday low with a possible shake out/HL. We are short NQ going into the open































