Here are the levels I'm using this week. Sorry... too busy to post my usual write up on time.
Contracts rolled over to Dec so the levels on the continuous contract I use has been updated.
So far this week we have seen a 150 point up day followed by 160 point down day.
Not surprising to have 2 way price action going in the CPI data tomorrow. Price has pulled back to the 21 ema again. Downside targets are the 55 ema and the upward trendline. First targets to the upside are the top of the green box then the recent pivot high. PPI data due out Thursday.
Contracts rolled over to Dec so the levels on the continuous contract I use has been updated.
So far this week we have seen a 150 point up day followed by 160 point down day.
Not surprising to have 2 way price action going in the CPI data tomorrow. Price has pulled back to the 21 ema again. Downside targets are the 55 ema and the upward trendline. First targets to the upside are the top of the green box then the recent pivot high. PPI data due out Thursday.
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$NQ_F The red and green arrows show the targets in either direction. So far market undecided after CPI data that came in mixed.
