NQ 1 HOUR SET UP
NQ has been in a trading range for almost 2 weeks, today NQ may go search for 16025-16040 ( achored VWAP superior band). As always two ways the market can play ( may be a third one haha ), either we try to break ( be careful with fakeout, NQ specialty ) and fail which will lead to the market to retrace back down because of lack of liquidity and great presence of sellers; other way is we break above, wich is less likely looking to the positioning of the POC.
retracement to the POC will give us the conclusion that the market lacks liquidity to go up.
retracement to the POC will give us the conclusion that the market lacks liquidity to go up.
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