NQ1!, Market Keeps on Teasing

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
In the most recent action the price has managed to get back into the upside channel. Whether there is a real demand or just lack of supply remains to be seen. As of now the price has retested the 61.8% retracement of the bearish swing and failed to accept that level on first test. My focus is on the next level below the 50%: if it holds we may see the upside continuation to the channel mid, if not than the 23.6% is the next downside target. In the environment with high level of uncertainty focusing on small areas is a mechanism to protect yourself from a headache.



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