Both the indices showing the Ascending Wedge Pattern. I would like to see the break of support around 11266.75 for NQ and 3700.00 for S&P to short but ideal entry would be on the break of the pattern + re-test of the support trendline.
Targets for NQ1! -
11228.50
11165.50
111068.75
Targets for ES1! -
3700.00
3661.50
3642.00
NOTE: This pattern is forming...
VIX looking to moon right before FOMC. Careful if you are long!
Publishing idea to log my thoughts and that I will be taking UVXY Calls / SPY Puts based on this. This should hold me accountable!
