📈 Trade Idea#indices#nasdaq#trade-idea#tech
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Price Action Pro
Trader ·
Nasdaq Long Setup: Tech Sector Momentum Play
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**Symbol:** NQ (Nasdaq-100 Futures) / QQQ
Tech earnings season has delivered strong beats across the board — Microsoft, Alphabet, Meta all beat on both revenue and EPS. This has reignited momentum in the Nasdaq which has broken above its 3-week consolidation range.
The 4H chart shows a textbook cup-and-handle breakout from 18,200, with a measured move target of 18,900.
**Entry:** 18,350 (pullback to breakout zone)
**Stop Loss:** 18,100 (below the handle low)
**Take Profit 1:** 18,600 (previous swing high)
**Take Profit 2:** 18,900 (measured move)
**Risk/Reward:** 1:1 to TP1, 1:2.2 to TP2
Key risk: A macro surprise (inflation data, geopolitical escalation) could derail the tech rally regardless of earnings strength. Monitor VIX for any spike above 18.
Are you riding the tech rally in the Nasdaq, or looking for a better entry?