NQ Power Range Report with FIB Ext - 11/7/2024 Session

Nov 7

NQZ2024

- PR High: 20923.50
- PR Low: 20889.00

- NZ Spread: 77.0

Key scheduled economic events
08:30 | Initial Jobless Claims
13:00 | Fed Interest Rate Decision
14:00 | FOMC Statement
14:30 | FOMC Press Conference

AMP Futures increased margin requirements overnight
- Broke above 20800 daily pivot
- Continuing to auction above previous session high

Session Open Stats (As of 12:25 AM 11/7)

- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 310.36
- Volume: 24K
- Open Int: 262K
- Trend Grade: Bull
- From BA ATH: -1.3% (Rounded)

Key Levels (Rounded - Think of these as ranges)

- Long: 20954
- Mid: 19814
- Short: 17533


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.

BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone

Nov 7

Note

### 🧭 PREMARKET AWARENESS

- Overnight Range
- High: 20999.25
- Low: 20861.50
- Change: 🔼 0.48%
- Primary Zone: Neutral
- Sentiment: Long
- 30 min ATR: 20.01 🔽
- NQ premarket volume check: 77K 🔽
- Vol alert: Fed/FOMC afternoon.
- AMP margin increase for expected news-based volatility.
- NQ highlight: Auction gradually rising above previous session close to 21000 supply.
- Value spread across overnight range.
- ES RTY YM highlight: Shared sentiment and structure.
- YOUR (RETAIL) PARTICIPATION IS JUST AS IMPORTANT AS INSTITUTIONS AND WHALES