Long if breakout on NQ strong resistance
Updated
Top chart = 1 hr
- resistance line from G20 highs (black line)
- resistance line from Oct 1 (see below, red line)
Bottom chart = 8 hr
- resistance line from Oct 1 that has had price pause on it 100% of every tap (red line)
If bulls are able to pop over this pink line, we should see a powerful rally, otherwise bulls will need to give up ground to rebuild "energy".
Of course, this amazing setup is lining up perfectly with the expected release of the Muelller report today.
I might not be taking a position on it, just watching.
- resistance line from G20 highs (black line)
- resistance line from Oct 1 (see below, red line)
Bottom chart = 8 hr
- resistance line from Oct 1 that has had price pause on it 100% of every tap (red line)
If bulls are able to pop over this pink line, we should see a powerful rally, otherwise bulls will need to give up ground to rebuild "energy".
Of course, this amazing setup is lining up perfectly with the expected release of the Muelller report today.
I might not be taking a position on it, just watching.
Comment
Noticed there is actually a desc. broadening wedge forming (bullish) but we might have to tap support again.Comment
Right on important support for NQ - not taking a position yet, too much risk for me.Comment
Well, this is bad - bulls last stand on NQ.Comment
S&P500 Update as well for posterity.Disclaimer
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