NQ Power Range Report with FIB Ext - 12/16/2022 SessionCME_MINI:NQH2023
- PR High: 11463.50
- PR Low: 11446.00
- NZ Spread: 39.0
Evening Stats (As of 1:25 AM)
- Weekend Gap: N/A
- 8/19 Session Gap: -0.04% (open > 13237)
- Session Open ATR: 307.47
- Volume: 24K
- Open Int: 234K
- Trend Grade: Bear
- From ATH: -31.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12391
- Mid: 11820
- Short: 10678
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Inflationfear
SPX: Watching Strong Support from the 2020 HighsWeekly charts are ideal for evaluating the retest of the lows of the stock market’s bottom attempt which reached a higher high in August. Volume on the weekly scale shows lower activity than in the prior weeks. The lows of June are still not yet reached; that is the level that is being retested currently. Support is strong at the 2020 yearly highs, which is also the neck of the bear market of 2020.