Interesting Level, Patiently Waiting
Hi:
I know these few days are hard for bears, but I think it's interestingly noting that NQ price is having a hard time to cross 8200, the .5 retracement level. This level is the key. We have to see if 8200 becomes a resistance level or not for predicting future moves. But I am confident that this should be where the rebound is about to end. The unemployment rate, GDP growth rate, and payrolls are going to unveil the bloody truth in the next few weeks.
I know these few days are hard for bears, but I think it's interestingly noting that NQ price is having a hard time to cross 8200, the .5 retracement level. This level is the key. We have to see if 8200 becomes a resistance level or not for predicting future moves. But I am confident that this should be where the rebound is about to end. The unemployment rate, GDP growth rate, and payrolls are going to unveil the bloody truth in the next few weeks.
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