I'm trying my best to keep an open mind, but I do think we might have the LOD here. Triple bottom/IHS in place now for a swing towards 3860/70. If we break the LOD here, I assume we can print 3825 on a leg lower.
Once you're able to figure out NQ's direction everyday, making 10-50 points a day aren't as difficult as it seems. If one is able to catch 30 points on average everyday using 2 contracts to trade, he/she is making $1200.... Just wait patiently for good opportunity to come to you so you can perform 'rinse and repeat process' everyday.
There should be a sizable trend reversal on the downside today, but I'm not sure if the current drop is the one...
Please define sizeable? I'm a late short here @ 42,50. Will probably scratch it for a point or B/E if we don't see some followthrough here. My prediction for today was a good move up with a small chance we could see a strong day down. So far, fairly choppy.
NQ supposed to retest level xx450 (currently trading at xx458), but if it breaks below xx430 then intraday up trend is pretty much ruined.
Kind of odd price action here at the LOD. You get the feeling we're about to drop lower, but price just sits there. No "fear".