Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Likely overdone here a bit at 47 and of course 49.50 is looming
I would think a pullback here would ensue that would then give a better spring to get through 49.50.
There it was--the pullback and thrust to 2350.50. Now---is it enough to stay above it this time??
NQ broke through 2 days of resistance and only met modest supply.
A move to 57 would now suggest that 49.50 might be a new floor. A move back below 49.50 and ---well you know the rest.
There will most likely be profit taking between 2370-2380. This will create a long opportunity with a target near 2440.
lets hope this rally fails in the coming days or else another volatility collapse is on our way in about a weeks time.
Not understanding your meaning here
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