Gmst, at this point I'll be the first to admit to you that I have no idea. I do know that if we break below 43.25 and 39, then yes 2820 is in play. But if buyers step up now, or at least around this mornings low, and grab those stops above the multi year high of 2862, then perhaps we can head alot higher than 2870. It's a wait and see condition currently, but one thing is for sure, NQ is one stubborn market.
Determing what day we reach those levels you mentioned has no value for me. The market will do it when it is ready and as traders all we can do is prepare and wait for the set ups.
Apple broke support and is back in the red, dragging down NQ with it. Some days I just wish apple didn't exist, or at least it isn't such a huge company and have so much influence on the market I trade.
Time to get short today! 2843.25 (prev LOD), 2844.75 (S1), ~2846.25 (vwap), sellers need to hold these levels for the market to head lower. Downside targets: 2831, 2823, 2813.75, 2810
Finally got our sell off and I got a nice chunk of it on a scaled out 3 lot. Recap later today, we still got a lot of trading left. Lets see if dip buyers can break above the next level of resistance which is that clustered 2843 area. Ideally, if market is to make another leg lower, shorts need take it down right here right now 36-37.
2852 which is also daily pivot is the first upside target. Dip buyers never dissapoint do they.... If we can break above prev HOD then I'll be looking to join the bulls. For now just watching these price levels carefully, and definitely not looking to short anymore today.