NQ has been relatively rangebound for the past 4 days, with Friday sweeping buystops before closing as a shooting star inside of all the other candles.
It’s challenging to agree with one side of the market place but as we have witnessed a rejection from the 50% PD array @ Fridays 10am US session capitulation, a lot of pain from bullish participants who are long with their stops below short term and intermediate term lows.
Therefore, $18,245.25 is my first point of call
$18,207.50 is my second point of call
$18,188.50 is my third point of call
It’s challenging to agree with one side of the market place but as we have witnessed a rejection from the 50% PD array @ Fridays 10am US session capitulation, a lot of pain from bullish participants who are long with their stops below short term and intermediate term lows.
Therefore, $18,245.25 is my first point of call
$18,207.50 is my second point of call
$18,188.50 is my third point of call
