SviCapital

NQ1!, Buyers Remain in Control

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
A morning weakness with a complete reversal is a current pattern in play. As seen on the chart a strong daily candle closed above the trendline that was breached in the morning.

Day traders who follow the market and don’t predict are benefiting from such price actions. Money made both ways.

Tomorrow is FOMC announcement. If there is no surprise from the Feds, the buyers will continue to push higher fueled by Apple. However, the volume is expected to be light due to holiday in Europe.

04/30/2019

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