An inside day with a bullish skew. Yesterday's selloff did not scary the buyers. They defended the Globex low and remain in control the entire RTH session.
Levels to watch:
- aggressive support - 7160-65. Holding above it opens a door to retest the recent high
- today's low - 7124.5. An important level to hold for the buyers. Loosing it may open a door for 7070-75 level
- 7070-75 is important level to hold, bear gate, otherwise it would open a door to retest 7000 level.
- 7211 bull gate. Breaching it would open a door to retest November 2018 high and higher. Depending on the momentum.
A note for NQ traders: watch NYFANG index. It was trending almost the entire RTH session.
03/05/2019
Levels to watch:
- aggressive support - 7160-65. Holding above it opens a door to retest the recent high
- today's low - 7124.5. An important level to hold for the buyers. Loosing it may open a door for 7070-75 level
- 7070-75 is important level to hold, bear gate, otherwise it would open a door to retest 7000 level.
- 7211 bull gate. Breaching it would open a door to retest November 2018 high and higher. Depending on the momentum.
A note for NQ traders: watch NYFANG index. It was trending almost the entire RTH session.
03/05/2019
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