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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.