ChartPros Market Insights

Learn the top strategies for trading all time highs and managing risk.

Many equities and indexes are at or near their tops. Trading all time highs (ATH) can be a risky proposition because there is less historical data available at these levels.

Join ChartPros for this informative and potentially money making/saving FREE webinar replay to help boost your trading confidence, consistency, and trading results.

We frequently get asked about various funded trading programs and we've reviewed plenty of them but historically never participated in or recommended any of them.

Until recently.

Ansys (ANSS), a NASDAQ 100 company, develops and markets CAE/multiphysics engineering simulation software for product design, testing and operation and offers its products and services to customers worldwide.

The company made headlines this week by announcing they recently strengthened their collaboration with NVIDIA (NVDA) to boost the advancement of simulation solutions backed by pioneering technologies like computing and generative AI.

With this in mind we set out to review their chart from a price action technical analysis perspective.

As you and many other traders with ambitious income goals may have recently noticed several equities and indexes are at or near their all time highs (ATH). 

Today we'll take another look at the Nasdaq 100 futures index (/NQ) in an attempt to answer the question "where could price be heading."

To help us, we recently dusted off and pulled from our vault a previous FREE Market Insights Briefing titled "All Time Highs - to trade or not trade."

Today we turn our focus on the NASDAQ futures (ticker /NQ) and one of the important questions we continuously try to answer is: Where could price go?

This is totally different than predicting or calling tops or bottoms.  Once we've determined the answers based on price action technical analysis tools then we develop our "battle plan" chart. 

One that includes the price levels in both directions from which we create pre-determined trade plans.

See the answers we've come up with so far!

We frequently get asked "How High Can the Markets Go?"

The true answer is no one really knows for sure but technical analysis can help determine potential targets.

Once a market reaches its target there's no telling what can happen then.  The prudent thing as a trader is to allow it time to develop new structure.

ChartPros launched its latest market education leading course "Advanced Futures".

This course takes traders through advanced strategies and preparations for trading indice futures.  

The course is broken into three sections and will walk traders through step by step some of the most advanced strategies and techniques for day and swing trading.

Traders are going to learn how to identify Fibonacci sequences used by institutional algorithms and how to leverage that knowledge in your trading.

We're also going to provide insights into risk management and how to create "risk free" trade scenarios.

Lastly, we take traders through some trade planning and trade recaps that apply the techniques taught in the course.

We wanted to do this higher time frame daily futures grid and video for you on ES, NQ, and YM. 

You’ll notice that nothing goes below the daily so not likely to be useful on intraday trades.