Nasdaq next week
My plan for next week on Nasdaq:
The market has been extremely bullish lately, making ATH after ATH, so I do not want to short into strength. My rule is: never short at all-time highs.
I expect the psychological 30k level to act like a liquidity magnet. Instead of trying to catch the exact top or hold through all the volatility, I only want to trade the move INTO that area.
My ideal scenario:
Nasdaq continues pushing higher with momentum
Price gets closer to the 30k zone
I look for a clean long setup around the continuation move
Take profit before the actual 30k chaos / ATH breakout area
Example idea: If momentum and structure still look strong, I may look for something like a move from around 29,750 toward 29,850+ and then I’m done for the day.
I do NOT want to:
short the ATH
hold during possible fakeouts/liquidity sweeps around 30k
try to predict the exact top
I’ve seen this happen many times: market rejects, traps shorts, makes a new high, traps longs, and only later the real downside move starts.
So for me the higher probability trade is simply trading the momentum INTO the level, then exiting early and staying disciplined.