It looks like NQ should break the weekly highs here and it should be looking backwards be a strong push ahead but because of the current market conditions this could simply be a liquidity grab before going back downwards especially if interest rates are raised next quarter.
Would I swing here for the long run? Absolutely not! Wait for some kind of a confirmation...
Due to the war it would seem that the market should have a reversal right about now. Price is currently in the middle of a daily support/resistance zone.
After seeing the liquidity wick going all the way to $1928 and even till $1919 on some brokers. it seems on one hand that the price may still continue downward to fill more orders.
On the other side, the price...
Looking at the Daily candles for the past year, there a clear channel trending upward.
The performance of most companies and job provisions has been better than expected also.
I believe that the channel was only temporarily broken due to news so it might not last long.
Therefore, the momentum should head back into the channel fairly strongly as soon as fear...
