Perfect example of reading PA accurately with intuition vs. just TA/ Tech Analysis..... PA acted funny all day as if it wanted to rip... sell offs were not convincing at all... apparently accumulation was in effect... as PA was correct!
Still HODLING. As our beloved @Buy1Sell2 would say: "I see no obvious reason to be short here." I'll hold this for 4600.
Well markets could never really get above EMA on NQ/ES Daily, even after that push EOD NQ still couldn't candle close above it. Even without the news bulls weren't really showing any signs of strength like been commenting past few days. Both you and spooz mentioned it too.
I may be stating the obvious, but it seems like the market is stuck here after Tuesday's breakout pending development with the situation in Ukraine. Joking aside on my prior post the obvious reason to be short is that we're trading into a clearly established resistance zone and that if the situation escalates in Ukraine we could easily see a good drop from here. Still holding long, but I do recognize the risk and potential of a move lower from here.