emehoke

NQ broke out of wedge. You can buy flags maybe.

Long
CME_MINI:NQM2021   E-MINI NASDAQ-100 FUTURES (JUN 2021)
Pre market strength in all of the major indices. It doesn't have to continue, but if it does then look to buy flagging areas.

There was a little bit of a sharp drop across the board around 9:15. When I see the unison nosebleed I tend to think that markets will eventually lose buyer support. I have seen buyers ignore the nosebleed in the past, as long as it's only a drip, but that type of price action can function to insert fear in an effective manner. Something to be on the lookout for.

Taking a look at some of the markets that compose the Nasdaq: Faang's have been showing a lot of daily red candles lately with the exception of google . That is something you are supposed to use to help predict price action, however, I concern myself mostly with price action. Supposedly that's where it all shows up in the end anyway. And I don't have dozens of screens so it's more effective for me to narrow my focus than to try to monitor all the different relations.

Comments