Earnings Bonanza

Yesterday, it looked like we could take a trip to the gulag after breaking that major level at 14610 on NQ. Bears certainly tried to make one more push lower before buyers stepped in and sent us on a rocket ride for 340 points almost straight up. There was no Black Monday crash, surprise surprise.

I like to put myself in the shoes of big money players and imagine where they'd want to move the market. It's just one of the ways I help myself avoid bias, because I like to take the social sentiment and then think about big money and evaluate both sides and where they want to go. Today, we've got MSFT and GOOGL earnings reporting after the bell. With two major players reporting earnings, that says to me that big money may want to try to push up in the morning before dialing back as they won't want to hold full on any long positions with the uncertainty of earnings looming.

Earnings could get wild, and that's perfectly fine. We play the levels and look for confirmation. Tune out all the extra noise. Prepare yourself in the morning, do your research, do your prep work, and be ready no matter what happens. Don't waste your time digging through MSFT data trying to figure out what their EPS will be and how much they did in revenue and trying to guess how many times they'll say AI in their earnings call.

Here are today's NQ levels:

Current Price: 14780

Upside Targets: 14818, 14864, 14906, 14955

Downside Targets: 14740, 14680, 14633, 14608, 14586

Stretch Targets: 14996, 14536