torquio

NQ: Catching everyone off guard and ready to rocket

Long
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
I have rarely seen so many analysts on Tradingview turn bearish on NQ. Guess what... It is most likely a trap. The trendline is holding and so far the structure appears corrective - respecting the appropriate fibonacci retracements. This means there is a potential setup for a sharp move higher into 15,700 - 16,000 as long as the lows hold.

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