NQ is trying to break above a previous high, the last swing high before ATH. Nice pump early in the session after breaking above and it's holding on a retest so far. We also have an ascending wedge here that it rejected off of earlier this morning.
20,560 is the level I'm watching with ATH/supply above and demand below. If the demand below doesn't hold and NQ falls below 20k, next downside target would be the trendline below and demand near 19,700.
As long as it holds above 20,560 I will have long bias, it wouldn't be until 20k gets broken where I'd start to be more bearish in the bigger picture.
20,560 is the level I'm watching with ATH/supply above and demand below. If the demand below doesn't hold and NQ falls below 20k, next downside target would be the trendline below and demand near 19,700.
As long as it holds above 20,560 I will have long bias, it wouldn't be until 20k gets broken where I'd start to be more bearish in the bigger picture.
Not
Nice wedge break today, first target hit. VX didn't quite tap 19.40, but was within 10 cents. Will be interesting to see if bulls can hold it here or not. There's plenty of news stories this week that could cause volatility and it looks like Israel will launch their retaliation soon. I think this could be a good long but I'd be wary of swinging overnight right now.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.