This is the expected pullback, was looking for yesterday. Was just delayed. 14396 clears the overbought. Doesn't look like we're holding too well after clearing it. But if we bounce would expect some bounce here. Ultimately have 14329 below us too.
Back-filling some of the huge gap from yesterday. I have 4418-20 as a support zone I'd like to hold for the bull scenario here. Could go all the way down to Monday's Close, too, but preferrably not.
Some decent bounces off of 14396.00 almost 50 points. But think we eventually work down to the 14329. Just trading light down here though took few longs, now looking for short setup if we price comes up and I get a signal.
Key time. Breaking below this level is pretty much game over for bulls. Although big pics aren't that bearish, our jobs as a trader is not to get directional biased. Trade accordingly.
14473-14517 huge zone up here.... Not sure bulls can make it that high, but if they can would be good place to take any profits and look for potential reversal.
14471 is bullish divergence target too.... but waiting for a buy signal on NQ 5 Min, almost have one, but hasn't confirmed yet. Not sure Ill go long though, not loving the long side here. We need to trade above 14436 to get better run.
Bullish divergence satisfied here at 14471 or at least close enough for me. Back to flat now. Seeing if we move into the 14473-14517 zone, which I suspect will provide some resistance.