The Chart illustrates both the potential Target for the QQQs high from a positive Draw
as well as the convergence from the Negative draw.
Where would this leave the NQ?
15,755 ~
Something to consider as the prior Squeeze ahead of the Algo's level for Sell Scale to
Open began a 500 point vertical move @ 4:02PM EST.
It created the largest Gap and Trap in Globex History.
And it promptly sold off off that evening and into the following session and continued
down significantly.
History will repeat, this is my sell level for NQ/MNQ - We will be scaling in from 15,500
to the target.
as well as the convergence from the Negative draw.
Where would this leave the NQ?
15,755 ~
Something to consider as the prior Squeeze ahead of the Algo's level for Sell Scale to
Open began a 500 point vertical move @ 4:02PM EST.
It created the largest Gap and Trap in Globex History.
And it promptly sold off off that evening and into the following session and continued
down significantly.
History will repeat, this is my sell level for NQ/MNQ - We will be scaling in from 15,500
to the target.