NQ Power Range Report with FIB Ext - 5/18/2023 Session

NQM2023

- PR High: 13646.00
- PR Low: 13636.25

- NZ Spread: 21.75

5/15 session closed with strong supply run.
Approaching key long-term supply zone ~13730s from Aug 2022.
- IMO, crossing this supply zone could signal clearance of bear trend.

08:30 EST Economic Events
- Jobless Claims
- Philly Fed Manufacturing Index
10:00 EST Home Sales

Evening Stats (As of 12:05 AM)

- Weekend Gap: N/A
- Session Open ATR: 176.54
- Volume: 16K
- Open Int: 275K
- Trend Grade: Neutral
- From ATH: -18.7% (Rounded)

Key Levels (Rounded - Think of these as ranges)

- Long: 13531
- Mid: 12959
- Short: 12392


Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.