Weird price action to start the day on the MNQ. what the hell is that opening 5 minute bar about? is that like someone selling huge on the open?
There is absolutely nothing abnormal about the MNQ and NQ drop. It dropped just a small amount during today's Asian session. It dropped in tandem with Hang seng index futures (most likely this was the lead) Hang seng Tech index futures and perhaps Nikkei. exaggeration - sorry I shorted Hangseng just now. That's why NQ MNQ went down. Most of the time, MNQ NQ likes to sleep during the Asian session.
The MNQ chart has an opening bar with a tail low about where price trades to at the HRE of the chart, the NQ does not. It is easy to miss, unless you were long on the open.
ok. now I can see the almost invisible MNQ Long tail (against the black background). A very Long tail at the opening is very common. it happens to many futures and it happens almost every day. it got to do with the matching process. If there are many people entering the order during the premarket, the tail wouldn't be that long. some traders enjoy entering a very low bid price or a very high offer price during the premarket.
All you have posted is an increasing time series range of charts on the MNQ. You have not shown an equal thing with NQ in comparison, which is what this thread was questioning. You need cellos to focus your mind man, because your charts are great! But get with the program, and show the comparisons the OP is looking for!