In my previous #NDX levels given on 22 Oct, my heading was #NDX trying to find a bottom. I hope you heed the advice. All my levels played out perfectly.
We had a massive sell yesterday. It will continue but I sense a pullback first. How deep it might be, I don't know but path of least resistance is still down imo. So play both sides.
Price has moved up slowly since open, around 70pts. If you aren't long yet, do note 11287-305 is my reaction zone. Possible reaction (rejection) for further down, targeting 11027, 10985, 10863. In the event of massive sell and 10587 trade, it will be a low risk buy level. If we do reach the lower levels, I sense there will be buying pressure to try to bring it up.
I will only trade the long if 11305 breaks, targeting 11387, 11465. 11465-11515 is a zone of lots of resistance. I expect rejection from there.
We had a massive sell yesterday. It will continue but I sense a pullback first. How deep it might be, I don't know but path of least resistance is still down imo. So play both sides.
Price has moved up slowly since open, around 70pts. If you aren't long yet, do note 11287-305 is my reaction zone. Possible reaction (rejection) for further down, targeting 11027, 10985, 10863. In the event of massive sell and 10587 trade, it will be a low risk buy level. If we do reach the lower levels, I sense there will be buying pressure to try to bring it up.
I will only trade the long if 11305 breaks, targeting 11387, 11465. 11465-11515 is a zone of lots of resistance. I expect rejection from there.
Note
Where did price pullback? At my blue zone
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.