Indices Futures Weekly Forecast - Nasdaq | S&P500

this video is going to be the weekly forecast for next week August 26 to August 30th starting off I am on the weekly chart right so for upside targets obviously for ES that would be this new week opening Gap and this weekly fair value gap for NQ for the downside targets we have this weekly favly Gap this rather large favly gap on the weekly and for NQ as well do I think that we are going to take out the alltime highs by the end of next week personally I I don't think so okay if you look at the monthly candle we are right here at this candle formation so I don't think we are going to take out the highs by the end of next week but that is just my opinion what I'm thinking is going to happen is that es is probably going to trade into this new new week opening Gap and then we're going to drop it lower NQ probably one more Spike higher into maybe the consequent encroachment of the week here and then lower so I would be looking for the weekly fav Gap as my targets as my objectives in the week for the week all right so Tuesday is probably going to be the manipulation day we have 10m news driver on Tuesday let me just double check yep that is true so we have 10: a.m. news on Tuesday and 8:30 on Thursday and Friday so I am watching to see if we are going to make a high of the week on Tuesday or low of the week on Tuesday depending on how we trade on Wednesday Monday Tuesday and Wednesday it should determine the price action for Thursday and Friday all right so best case scenario we get this classic Tuesday Monday accumulation Tuesday low and then Wednesday higher Thursday manipulation into a breaker or something and then continue higher Friday higher and then you close out the week with the retracement this is this could be inverse as well okay I'm looking at yes right now I don't think we are going to drop here on Tuesday we should want to continue to press up higher on Tuesday and then probably from there we should anticipate some form of retracements right so yeah that's just my opinion here and I'll have to watch how the market trades the other thing is that it's the last week of August so I am not holding to much expectations in terms of external liquidity on the weekly time frame right so external liquidities will be here this high and this High here for NQ with that said um let's drop glob into the daily time frame to see if there is any supporting ideas all right so over here maybe we could get some form of smt on the highs with regards to es and NQ and then we continue to drop lower notice how we have completely overlapped this fav Gap here for NQ so this itself is indicating um some sort of weakness for NQ but overall if you look at the inversion fa gap on the left I mean it's not that clean as well okay if you look at the breaker do we have the breaker right here is is somewhat responsive here right but I'll need more details to C to confirm to verify right because of this down Clos candle here we have not closed above it yet right on ES let me see if it is more accurate and responsive and yes it is so for for ES it traded way all the way down into the 75% of that old inversion fa Gap that was utilized to send the price lower right so this is the type of reaction that you would prefer to see on NQ and not like this whereby it's not reacting to any levels like for example the 50% and the 75% it basically just overlaps it right so I am looking forward to NQ trading down into the 25% and maybe even this fa Gap right here if it wants to okay it is trading within the inversion fa capap so far I mean if you take a look at the bodies and for yes it's already trading above the inversion fav Gap based on the bot le as well right so that is just something to keep note of to take note of and yeah that's basically it for the forecast right everything depends everything will depend on Tuesday and sorry basically the first top of the week Monday Tuesday and Wednesday okay and yeah I hope you enjoyed it and if you find this insightful do leave a like and if you have any questions do leave them in the comments section down below I will talk to you again