NQ1 is encountering resistance near the 0.618 fib at 11,800.
Bullish move continuation needs to break above this channel.
However, selling pressure may pick up here after a daily pivot candle appears.
Bullish move continuation needs to break above this channel.
However, selling pressure may pick up here after a daily pivot candle appears.
Note
Notice a potential pattern that was seen on October 13,14 & 15th, 2008
One of the only times NQ1 had a massive +7% day (like yesterday) which preceded far more market downturn.
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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.