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SviCapital
Aug 16, 2019 8:30 PM

NQ1!, The Grind is Back 

E-mini Nasdaq-100 FuturesCME

Description

The buyers regained the short term control and trended up back to resistance. The session ended up at the inflection point. A few warning signs though:

- RSI flashing overbought condition.
- Steep trend line. Usually, such compression may not sustain.

Need to see a decisive break to either direction. Or Fake out which would be ideal for shorting.

The zero sum game is on. Stay nimble. Trust the price action and short term bias.

8/16/19
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