There is a big technical area that has taken the spotlight in NQ and it is around the 50% fib level with a gap opening.
US economy has seen some strengthening recently with the FED looking neutral-dovish. A price correction may not even occur here it can keep going up continuously the moment we have a conclusive risk-on environment.
Inflation has cooled down from 3.0 to 2.8 and interest rate was held at 4.50 from 4.50.
We are expecting a rate cut of 0.25 bps by Q2 so the market is looking forward to price that in.
I see a potential "buy the rumor" then "sell the news" scenario here. So during the next fomc meeting we may get a small sell off for a price correction then NQ will continue its up momentum.
Technical setup looks good I expect a turbulent price action which will fill the opening gap at the 50% a consolidation here can be healthy for price action before we get a Wyckoff spring.
We have recently exited a bearish channel and entered a new bullish channel which is still in progress but must pay attention to it as we could start trending in that direction.
I may take a short position (for the short term) since I anticipate a correction to the gap at the 50%.
US economy has seen some strengthening recently with the FED looking neutral-dovish. A price correction may not even occur here it can keep going up continuously the moment we have a conclusive risk-on environment.
Inflation has cooled down from 3.0 to 2.8 and interest rate was held at 4.50 from 4.50.
We are expecting a rate cut of 0.25 bps by Q2 so the market is looking forward to price that in.
I see a potential "buy the rumor" then "sell the news" scenario here. So during the next fomc meeting we may get a small sell off for a price correction then NQ will continue its up momentum.
Technical setup looks good I expect a turbulent price action which will fill the opening gap at the 50% a consolidation here can be healthy for price action before we get a Wyckoff spring.
We have recently exited a bearish channel and entered a new bullish channel which is still in progress but must pay attention to it as we could start trending in that direction.
I may take a short position (for the short term) since I anticipate a correction to the gap at the 50%.
交易進行
Trade is now active. The gap is still not filled but I think we may see a gap filler very soon. 
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。