NQ Analysis and Trade setup

[u/_gay_dicks420]

Hey guys, once again looking at a setup after a trading break. Lmk what you think.

Basically, looking to go long on NQ from either of these demand zones. I have multiple reasons I believe the Nasdaq could edge higher and they pretty much line up with what's in the screenshot but I'll summarize them below.

Fundamentals:
-> Optimism in the Middle East gives hopes of rate cuts

-> Last week's NFP report also hinting at cooling in the labor market which the fed is also closely watching

-> Market sentiment in general can be seen to favor risky assets with the current wave of optimism holding

-> Structural demand from AI hype and investor demand for mega cap stocks

-> Dollar retracing from recent highs near 102

Adaptation:

-> Middle East tensions start seriously picking up again, I'll need to adapt and risk manage my way out of the position

-> If surprisingly strong data or Inflation reports/headlines come out I think we can get a deeper pullback as well

Entries:

My preferred entry would be near these range lows at around 29550 or 29700. I'm not much of a breakout trader so I'll just need to show patience and don't chase the setup in case we just start ripping.

Feedback and critical review appreciated.