NQ Weekly even nastier than ES. Way passed "correction" territory, closing in on bear market territory. However, we have a confluence of a Volume Shelf and AVWAP, Nov 2020 lows and third EMA Cloud. Lets see if we bounce around 14000.
Nasty weekly candle. Almost in "correction" territory. We also have a AVWAP from Feb 2021 lows and bottom of the volume shelf. All sitting around 4320 +/- a few points. A typical market correction is generally believed to be -10%. NQ has already made it there. Lets see if we can get a turn around on them both
