SviCapital

NQ1!, From Support to Resistance

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
The chart says it all. The support and resistance area continue to function as expected. Whatever a headline happened in the Globex session it helped the support to remain intact and the buyers were grinding up back to the resistance. The market closed at the resistance. This is an inflection point. Buyers need a momentum to break through. Could be a headline to help or to do the opposite and push it back. The market is in a limbo state and suitable for active traders.

9/4/2019
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