trad3zz

The December top was drawn in April

Short
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
In retrospective the exit zone above 12,230 was a strong spot to sell. We can see on this chart that the December top was the same parallel channel drawn down from April. I don't see this channel continuing forward, however I do see us entering under 11,000 shortly.

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