ES and NQ - broke out overnight driven by 4 hr Up Cycle
Ob Feb 3 we got a new cyclical support on 240 min charts of ES and NQ.
On Feb 4 bears tested it two times and failed to break under it.
Then price turned back up strongly and has been pushing price higher.
Overnight both indices broke over 60 min resistance, jumped over resistance but then came back down and retested the broken-resistance-turned-support from above.
Then price turned back up again and accelerated its move up.
Today we should expect a pullback making a higher low printing a new cyclical support (over the broken resistance on 60 min charts ) together with the Strong Buy signal.
That would be the next attractive trading setup.
On Feb 4 bears tested it two times and failed to break under it.
Then price turned back up strongly and has been pushing price higher.
Overnight both indices broke over 60 min resistance, jumped over resistance but then came back down and retested the broken-resistance-turned-support from above.
Then price turned back up again and accelerated its move up.
Today we should expect a pullback making a higher low printing a new cyclical support (over the broken resistance on 60 min charts ) together with the Strong Buy signal.
That would be the next attractive trading setup.
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