Futures Weekly Update:
- audry90
- Aug 22
- 2 min read
Was this a fake out? Are we heading lower again?
Today was a big day in the markets, and once again, Vanessa and Keith had it all mapped out before Powell even spoke at the Monetary Policy Symposium.
✅ Recap of Today’s Action
S&P 500 (ES):
The key decision point was 6424. Once price held strength above that level, we targeted:
→ 6466
→ 6484
Price ran cleanly through those zones, with our rubber band and “has to hold” area forming at 6503.
Nasdaq (NQ):
The breakout began with a hold above the key level of 23363.
That launched the move to our first target:
→ 23598
A picture-perfect setup for traders following the plan.
What We’re Watching
S&P 500 (ES):
Daily closes below 6503 would bring potential retracements to:
→ 6485
→ 6466
→ 6424
A push toward the all-time high at 6508 is possible.
Daily closes above 6513 would open upside continuation to:
→ 6538
→ 6555
Nasdaq (NQ):
Key support level: 23635 (on daily close)
→ Closes below 23635 could drop us to: 23035
→ If 23035 breaks and holds, we may head to 22300
Holding above 23635 keeps bullish momentum alive
→ Targets: 23755–23800, with potential for a pullback from that area
[EMERGENCY] Options Open House on Monday to trade this wild market
Next week, we’re hosting a weeklong Open House of Options Navigator.
The market is nuts right now after the Fed meeting and in a range bound state.
If you’re a newer trader, I wouldn’t be surprised if you lost money in the last week trying to trade this mess.
That’s not a dig at anyone… it’s truly a tough market to trade.
I did an Open House months ago and we had hundreds in there and got rave reviews.
I had hoped the market would firm up a bit, but it hasn’t so trading options can be tough at the moment.
We recommend you having at least $5,000 in trading capital to use my options strategies.
You don’t need prior options experience
You don’t even need any money to learn… you can paper trade
You don’t need hours in front of a computer --- just small windows to learn
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