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E-mini Nasdaq-100 Futures (Sep 2020)
Short
Updated

NQ to retrace to lower support, for huge buying opportunity!

78
NQU2020MNQU2020NQ touched the top of the channel 6 times since May, and has dropped back to lower support relatively quickly. Expect to drop to 11460, then rocket back up to the next fib level of 12789, a $26,000 opportunity.
Trade closed: target reached
Target reached, and then some. Will have to see if NQ continues this down-trend, or rebounds back into the 2020 channel as we lead up to the election.
FreemarketMike
FibonacciSupport and ResistanceTrend Lines

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FibonacciSupport and ResistanceTrend Lines
FreemarketMike

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.