Interesting chart. It flew above 9,21 & 50 SMA's on some very strong bullish candles, 1 big red day on Friday, but don't hold that against it just yet, the NQ1! was down c1450 points.
If the market decides to play nicely next week, one to watch in my view. It was trying to break above the 515 resistance level, before the market stack. If it can break 515, if sentiment allows and price action confirms, i like this heading to c560, then potentially c578.
If it fails, you know what to do. Always look to play both sides and not against the trend.
After such a brutal move over the markets end of last week, market sentiment is everything.. don't catch a falling knife or taser in this instance.
If the market decides to play nicely next week, one to watch in my view. It was trying to break above the 515 resistance level, before the market stack. If it can break 515, if sentiment allows and price action confirms, i like this heading to c560, then potentially c578.
If it fails, you know what to do. Always look to play both sides and not against the trend.
After such a brutal move over the markets end of last week, market sentiment is everything.. don't catch a falling knife or taser in this instance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.