Nasdaq Trade Idea (Tue, Nov 12)

In partnership with

🌟 Rise and Shine, Traders! 🌟

Welcome to today’s edition of The Daily Trader! In this issue, we’re focusing on a high-probability Nasdaq trade idea to help you confidently navigate the market. Along with this setup, we’ll share key levels to watch and insights to keep you sharp in today’s session. Whether you’re an experienced trader or just getting started, our analysis is here to help you stay informed and ready to capitalize on every opportunity. Let’s dive in!

Nasdaq Futures - $NQ

So far today, the Nasdaq (NQ) has been consolidating within a tight range, showing indecision in the market. We saw a rejection at the 0.618 Fibonacci retracement level at $21,248, which remains a key resistance. If this level is broken with momentum, it could signal a potential buying opportunity. On the downside, the previous day’s low at $21,098 serves as a crucial support. A strong push below this level would suggest bearish continuation, presenting a selling opportunity. Keep an eye on these levels for decisive moves.

When Beyoncé Gets Paid, So Could You

• JKBX (pronounced “Jukebox”) lets you invest in royalties from global streaming platforms.

• Earn potential quarterly payouts tied to music revenue.

• Diversify with an uncorrelated, market-independent asset.

Add a New Note to Your Portfolio

Visit www.jkbx.com/legal/offering-circulars for important Reg A disclosures. This content is not investment advice, nor is it an offer of securities. All investments involve risk and may result in loss.

Right now, I’m feeling neutral about the market. We’ve been on a big rally, but things are starting to look a little stretched out—like a rubber band about to snap. A pullback wouldn’t be surprising, but I’m keeping my guard up because this market has been strong and could keep climbing if the momentum holds.

Feel free to use this analysis and levels provided as confluence with your own trading strategy and apply it to your setups. Utilize the levels I’ve provided to identify potential entry points and remember to manage risk appropriately in case of any unexpected reversals. Let’s stay patient and allow the market to present the right opportunities!

Fear and Greed Index

We hope you enjoyed today’s analysis, packed with all the juicy insights you need to conquer the trading world! Stay tuned for more updates, analysis, and watchlists from The Daily Trader. Remember, the secret sauce to trading success is staying in the loop and making those savvy decisions. Thank you for being an awesome part of our community, and get ready for even more epic content coming your way soon. Until next time, trade on and stay awesome!