Ahhh here we are again… NasDaq is looking like a diamond in the rough for bears right now. I love to see it There has been multiple rejections of 18,000 and a pattern of lower highs on the lower time frames. This leads me to believe nasty Nas is eyeing 17,500 However there is a pool of liquidity sitting above 18,000 so there could be an another strong push...
I always pay attention to psychological numbers in the markets, and $38,500 has been tested multiple times by Us30 in the past few weeks. Even though there is a beautiful head and shoulders forming on the 4h to the buy side,I can see dirty 30 selling through $38,5000 grabbing liquidity then continuing its bullish trend, possibly up to $39,000. But hey, what do I know…
Paying attention to this pattern on the hourly. I’ll be looking at EurUsd buys and NasDaq sells if the DXY continues to drop. :)