NQ Clearing the market overbought at 13880 (from spike up today). Generally if any bullish intentions right around here would be the place they bounce the NQ, after overbought has been cleared. Doesn't look super promising though, just may see a little kick back up here.
Super late in identifying this, was a great short setup, but didn't see the overbought clearly as it was on the 2 minute chart(which I don't use tons) and we had already moved down like 100 points from highs. So far 40 point bounce off of overbought though.
Below 13880 too much and personally I'll be back to waiting for a setup. Right now has held like 4-5x and given some decent bounces. But as per yesterday done forcing longs on this market if they aren't going to produce.
This 53.50 sell was designed to be an overnight hold at minimum .... 30 Min OVB, approaching 50% Fib with a TL kiss zone... triple confirm but mucked it with an +9 as I couldn`t wait to hit the sack as i didn`t want to babysit the position overnight ... proper move would have been to bump stop to even... set it & forget it & allow it to play out, regardless! That said, No one is perfect in this racket & we`re all culpable of making mistakes... which i did here!
Still maintain my view of a sizable dcb coming very soon, either today or Monday which will last for few days. Weekly chart looks horrible though. See the circles. BTW, I don't trade using TA stuff. I only use TA to 'view' market. So, always take my views with a grain of salt.