I think the sellers might be coming back in now. When the price shoots up like that, I reckon its because the sellers are waiting for a level to return
We're bouncing off some support here on NQ 14652-14662 however pops are becoming weaker. I am flat currently, looking for deeper pull back. 14555-14575 ish. Would be an area of interest for me depending on how we get there. Not sure it goes that far down though, but am being patient for either that or another really clear buy setup.
Yup… I do recall… been here since May ‘06… slightly modified user name…. & if we Reeeaaally liked something, it was +10! … the good old days
See how well that 14652-14662 holding? it's an accumulation area on smaller time frame. Unfortunately for me holding really well. Makes sense given Daily charts are above some benchmarks (ES above 4432 and NQ above 14595). So, not currently in this long. Could of took it long on a close above the zone, with stop below but decided not to.
The beauty of trading along with big boy's algos not only enable one to make consistent profits, but also to get out immediately as soon as realizing they're leaving the party. Glad that I've figured it out over a decade of trading Here is screenshot of my trades with ZERO losing trade so far today. I'm pretty much done for the day. Going to take a walk with my dog.
Man they just won't give it up on this NQ zone, this is literally like the 9th+ bounce off it. Just going to wait to see if finally knife through it and created some more setups. EDIT: At this point a potential short trap and possibility for squeeze here.
Yup they accumulated in the 52-62 zone, plus a short squeeze setup as well. Beautiful, I got in the short squeeze.