I had marked that line last night as a place to close my shorts. I think its a historical support/pivot line going back a medium amount of time But still that was a crazy jump, it was like that yesterday too
hunting conservative buy entry for 14 retest... tricky PA here...... Well above quota... unless we get a cherry , I`m on the shelf... last buy bar was wicked!
the setup of my 4 hour chart (my 4 hour closes at 130 est) usually produces inside or down action. I’m on sidelines as well. Daily and weekly charts say we should close on our weekly highs so no shorting for me
On the NQ daily at least, it looks like we have had a bounce down from the daily downward trend line and downwards from the moving averages. I am expecting a medium move down from here. Hourly looks like a fib downward bounce too. ES not seeing the same downward chart pressure for some reason though.
Big rip down after reports of Europe's biggest nuclear power station on fire after being attacked. In Ukraine