NQ1 is encountering resistance near the 0.618 fib at 11,800.
Bullish move continuation needs to break above this channel.
However, selling pressure may pick up here after a daily pivot candle appears.
Bullish move continuation needs to break above this channel.
However, selling pressure may pick up here after a daily pivot candle appears.
Notice a potential pattern that was seen on October 13,14 & 15th, 2008
One of the only times NQ1 had a massive +7% day (like yesterday) which preceded far more market downturn.