NQ Bounced off support

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)

Updated

CME_MINI:NQ1! NASDAQ 100 E-mini Futures

Good news for bulls.... it bounced off my support line

Bad news for bulls, it's not oversold yet so it may retest. Going to bed now, we'll see where it is when I wake up, lol.

Comment:

The entire bounce occurred during the one hour break for the Chinese market then the drop resumed. Now we know who's selling US futures.

So the morning gap is gonna depends on the Euros as usual, Chinese don't have any impact after the Euro markets open.

WIsh I had shorted Asia though, thought about EWJ puts. Oh well.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.