NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week
Last week NQ Scenario1+3 played out well for shorts and longs.
- Minor strength displayed on all 3 TFs
- Descending narrowing wedge
??Is the bottom near??
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
4) <10000 = Devious scenario of hopelessness before market bottoms
Weekly = Ave vol Down off low (and > vol than previous bar) = some minor strength
Daily = Ave vol up bar close at high = minor strength.
H4: Indecisive - Effort no Result for shorts = minor strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442 11348 11068 10359
<10,000 break of psychology support
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Have a profitable trading week ahead.
