Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
AWR low @ 4019.50 and AMN low @ 4032.75 are solid resistance above, I am looking for a bounce up into that resistance that is shorted to a new low. Price appears to be opening no gap (maybe a few points). We have hit the AWR Low in the Globex session, so we may not come back up after the open. My first order of business will be seeing how that affects the open.
NQ has gone parabolic finally breaking the AWR low and AMN low. The yellow box is the initial breakout, you can see that each bull bar opens and closes outside of the previous bar. This signals strong buying pressure. Also each bar is increasing in size.
I wasn't here so I did not catch it. Open we bounced between ADN boxes and then finally turned up.
Globex open saw a large sell off creating a +40 PT gap down on the open. We have been Always in Long since the open to fill the gap. First stop was Y-VPOC at 4017 then Y-VWAP at 4026. As @srgtroy would say we have been twerking around the D-PP.
We also appear to be in a bear channel since the 19th and are nearing the top of that channel.
I believe we may have found the bottom for now with the test of the trendline on daily. I am looking long, I believe this is a flag on the daily that will BO to the long side.
But I am cautious of the Weekly PP and AMN Low that we struggled to close above today.