Possible short opportunity for NQ at break below 5426.5.
failed break out trading range. Lower high and break back into the trading range. Possible short opportunity.
Crude have been rally from the low since yesterday. As of now, it put out the biggest rally bar.
That tells me that everyone was on board and bullish, also climax buying. Short term reversal scalp can be expected. Risk is 0.50, Reward will be 0.3 to 0.5. :)
NQ have been stuck in a trading range for week. Last week 's attempt to break out from to failed. Last night 's sell off failed to break the low and rally back into the trading range high around 5377.75. Possible short attempt. higher chance if a 3rd push up into that level.
