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OffTheFloorTrader

Memory fade...by Mr. Nasdaq

E-mini Nasdaq-100 Futures (Sep 2015) (CME_MINI:NQU2015)  
OffTheFloorTrader  
CME_MINI:NQU2015   E-mini Nasdaq-100 Futures (Sep 2015)
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The $NQ kissed major resistance today and sold off hard. This paints a few pictures. 1st, if we get a close above the resistance area we could see the bulls come alive. 2nd, we should test the lower flag area. 3rd, as we approach the FOMC announcement next Thursday (17th) the market could lose it's memory from day to day and get choppy. For now we are selling bounces until we get a close above the resistance area. REMEMBER...NON TRIGGER, NO TRADE!

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