NQ1! Supply and Demand Levels 7/12
Link to chart: tradingview.com/chart/5XGqlTVf/?symbol=CME_MINI:NQ1!
Insane move after CPI! We are hitting a strong Daily supply zone. I am looking forward to a break through it as we continue to the 1HR R2 Pivot Target at 15562. For bears, maybe in the next week or 2 we can have a full retracement of the CPI move down to 15310.
Zooming out on the 4HR chart, we had the break out the downtrend, a retracement of the breakout, and now the continuation to break the highs of the downtrend and now moving into new territory since 2022 (Covid Era).
Insane move after CPI! We are hitting a strong Daily supply zone. I am looking forward to a break through it as we continue to the 1HR R2 Pivot Target at 15562. For bears, maybe in the next week or 2 we can have a full retracement of the CPI move down to 15310.
Zooming out on the 4HR chart, we had the break out the downtrend, a retracement of the breakout, and now the continuation to break the highs of the downtrend and now moving into new territory since 2022 (Covid Era).
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