NQ Oversold
Updated
I tend to get overly bearish when futures tank, so plotting a bull scenario for Mon/Tue, NQ is waaaay oversold now, so it's due for a bounce early this week.
Note that it's already bottomed out at the old resistance which typically provides support.
Note that it's already bottomed out at the old resistance which typically provides support.
Note
FUtures chart patterns look very bearish, probably gonna wait to see if it hits 8950 support before going long.Note
NQ down more than 220 pts now, that would be one of the biggest down gaps ever.Gonna wait until the end of the day to assess the situation. WOuld appear that the pump algos have been shut off completely.
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