$NQ outlook headed into OCT. 21 WEEK

10月20日

Market structure still shows us that it is bullish based on Technicals.

No catalyst yet for a big bearish move/correction/pullback.

Friday ended as an inside bar /1 / harami.

Means an explosive move is coming.

Got a 2-1-2 going into Monday.

The overall market structure is still bullish with higher lows and higher highs.

Rejection off the order blocks from April time frame and the SEPT bounce off the imbalance created in AUG.

There's no real catalyst 'yet' for a big bearish move.

I'd watch how Sunday night's global opens and see what transpires during the London session of ES NNQ

Similar to my QQQ post a week ago, price is still respecting the upward trendline which is now annotated with the green triangle.

Watch for price for the rest of OCT attempt to take out ATH (Liquidity) at 20983.75 and potentially reverse/stall at 21,000. Why that number? Psychological level along with where many algos most likely set their orders along with those who went short at ATH set their stops ABOVE entry.

THIS IS NOT FINANCIAL ADVICE but an OPINION.

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