NQ hit a low of 11590 yesterday, a level which has a confluence of a horizontal "resistence turned support" as well as the 62% fib retracement level of the recent AB swing up. Add to this a bullish divergence is forming in the RSI.
It could remain choppy around here a while more but the odds that a bounce will materialise soon has increased.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
It could remain choppy around here a while more but the odds that a bounce will materialise soon has increased.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.