Frontmonth
4000 has become an important levelspx futures 4000 has gone from a psychological level to a very important technical level. auto fib extend and auto vwap are telling me we have retraced enough for 4000 or just above to be stiff resistance in different paths or areas marked out with brush or horizontal lines.
a few different scenarios for emini nasdaq front monthif we enter this sss suply zone and bounce we may have one of the green scenarios play out. if we fall beneath it and start confirming a lower high on some resistance beneath it we could be headed for one ofthe red scenarios. below pivot im looking at lower horizontals and above it im looking for higher lines.
a couple paths starting the week off in nasdaqnq1! has started off showing signs of support only just holding the uptrend daily off of reversal on a potential neckline. im guessing if we resist around left shoulder area and break the neckline its bearish looking for around 12345, and if we break resistance around 12689 and come to some higher low we could challenge 13000. 12444 and 12666 are hourly levels to watch directionally for now.