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ContraryTrader
Mar 2, 2023 5:05 AM

Nq - Getting tight 

E-mini Nasdaq-100 FuturesCME

Description

Wedge getting tighter and tighter... flush tonight and bounced off 11,850 fib support....

Job report P.M tomorrow , even if we pop , unless we can break that stubborn 12,200 NQ is still in quicksand..

This trendline has maintained a control sell foe the most part and with this range getting tighter a big move IMO is coming...

New support 11,850 + 50sma 11,810
Short below 11,800
Target 11,600

2 hour Money flow oversold and 3 hour is right behind it. I'm expecting a bounce tomorrow ..

Targets are

12,000 trendline resistance

12,150
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