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i'm positioned to the downside, but have no convincing evidence one way or the other. just my read of price action and i like to be in the game. rumor has it tomorrow's numbers are going to be soft which would be bullish??
Market again respected 100 SMA today. I have not traded with the MA in NQ live yet but it works great and I have tested it more that 8 months on Papermoney on CBOE. 21 DEMA is currently a resistance.
Hope you don't mind my posting the Daily chart in NQ that shows previous year VWAP upper 2 just got hit and NQ still in the middle of a 20 EMA high/low/close channel. I'm thinking this could be a turning point and am watching price to see if it gets out of value again today or continues flushing down. Right now sitting on the edge of value at 4361.