NQ Intraweek Levels (Sep27-29)
Heres a quick look a the levels I'm using as I have be tied up with family stuff.
NQ broke the below the Aug 18th pivot which is bearish. So far it has found support at the 1.13 Fib extension and is currently trading in the false breakdown zone. Price needs to get back above the Aug 18th low (14804) to get some upward momentume. If price breaks below the 1.13 Fib X look of a deeper drop to the 1.27 Fib X and the Aug 16th high from 2022.
NQ broke the below the Aug 18th pivot which is bearish. So far it has found support at the 1.13 Fib extension and is currently trading in the false breakdown zone. Price needs to get back above the Aug 18th low (14804) to get some upward momentume. If price breaks below the 1.13 Fib X look of a deeper drop to the 1.27 Fib X and the Aug 16th high from 2022.
Comment:
$NQ_F found some support at the 1.13 fib X yesterday but its worth noting that the a full compound correction as not happened yet. The measured move woud take price down to the Aug 16th high. Many traders are expecting this so we may not see a lot of buyers until that level is hit.
