Weekly Outlook: MNQ near last week's low before Meta and TeslaMicro E-mini Nasdaq-100 Index FuturesCME_MINI:MNQ1!mlc82MNQ fell 5.52% last week and closed at 29,391.50, about 123 points above the weekly low of 29,268.75. The 21 EMA (30,476.85) and 50 EMA (30,113.47) now sit above price. The 200 EMA is far below at 28,185.07. Levels on the chart (daily, through 10-16): - Previous week high: 31,290.00 - Previous week low: 29,268.75 - 21 / 50 / 200 EMA: 30,476.85 / 30,113.47 / 28,185.07 What's on the calendar (Pacific time): - Tue 10-20 after the close: Netflix - Wed 10-21 after the close: Meta, Tesla, IBM, Texas Instruments, Lam Research - Fri 10-23 6:45-7:00 a.m.: S&P Global flash PMIs, Michigan sentiment - The Fed is in its blackout; the next FOMC decision is Wed 10-28. Two scenarios to plan around: A) The weekly low holds and price works back toward the 50 EMA. What would you need to see first? B) An overnight earnings reaction breaks the low. Will you be flat before Wednesday's close, or hold through the report? Other markets: MES closed 28 points above its weekly low (7,676) and 19 below its 50 EMA (7,723). MCL closed 33 cents under its weekly high (99.35), and Micro WTI November stops trading Monday, 10-19. MGC sits inside last week's 4,094.80-4,242.30 range. One tick: MNQ $0.50, MES $1.25, MCL $1.00, MGC $1.00. The distance from Friday's MNQ close to the weekly low is 491 ticks, or $245.50 per contract. Educational only, not a trade signal or recommendation. Futures involve substantial risk of loss.