The NQ daily time frame is in sideways movement.
Resistance at price point 12169.00 and support
at price point 10926.25.
The market is at the top of resistance and is
showing signs of a indecision candlestick. If
resistance holds the market should push bearish
towards support limit 11030.25 about +4,527
ticks away. As long as the market stays below
resistance price point 12169.00 I am going
to turn to the one hour time frame and will
look for the market to enter into the sell zone.
If the market breaks above 12169.00 the daily
resistance. I will expect a bullish trend to
form.
Resistance at price point 12169.00 and support
at price point 10926.25.
The market is at the top of resistance and is
showing signs of a indecision candlestick. If
resistance holds the market should push bearish
towards support limit 11030.25 about +4,527
ticks away. As long as the market stays below
resistance price point 12169.00 I am going
to turn to the one hour time frame and will
look for the market to enter into the sell zone.
If the market breaks above 12169.00 the daily
resistance. I will expect a bullish trend to
form.
