Two Technicals on $NQ

Two observations here regarding the Nasdaq 100 futures. We’re at an important prior high, and there is also excellent wave balance here right at today’s high as well. I remain committed to the view that this rally will fail soon. Of course it would have been nice to have expected a short squeeze of this size, but at any rate, I think that’s all it is and I’m not yet interested in actually trying to play for the long side because I don’t like to play into what I think are finishing moves.

NQ


Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.


Leave a Reply

Your email address will not be published. Required fields are marked *