The NQ has had a clean break out of the two week long range on the back of some supportive comments from the Fed.
Bears don't cry. Just accept what's really happening.
This range is pivoted around 6700 ranging from 6600 to 6800. A 100% projection of the current range would bring the index very close to the 7000 mark.
I believe that the 200% expansion is also likely on cards which brings us towards the major resistance level at 7200.
Bears don't cry. Just accept what's really happening.
This range is pivoted around 6700 ranging from 6600 to 6800. A 100% projection of the current range would bring the index very close to the 7000 mark.
I believe that the 200% expansion is also likely on cards which brings us towards the major resistance level at 7200.