Check the broken to the downside trend channel re-test NQ is having now.
So far its riding it from the bottom.
I wont count out a fakeout move up to 12150-60 or even 12240-50 and then going back below the bottom of the trend channel.
Support is at 11900 for tomorrow long try. If we see that level during the open time, I will be taking long for a 100+ points ride up.
The most bullish case is - re visit 12700 level.
But the time is really running out and unless we get a huge squeeze tomorrow, I think the upside will be very limited and the price will eventually get to my main target - 11175-200 and maybe much lower.
Oct should mark the low and Im wondering if we even see 9-10k zone tested.
So far Im planning on adding to my swing short tomorrow and just seat on it till after the FOMC decision move.
Im running some ES longs against my main NQ short, ready to cut at 3919ES level.
This is my working chart and I have hided as many indicators as possible, so you all can see the chart more clear then it is:)
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
So far its riding it from the bottom.
I wont count out a fakeout move up to 12150-60 or even 12240-50 and then going back below the bottom of the trend channel.
Support is at 11900 for tomorrow long try. If we see that level during the open time, I will be taking long for a 100+ points ride up.
The most bullish case is - re visit 12700 level.
But the time is really running out and unless we get a huge squeeze tomorrow, I think the upside will be very limited and the price will eventually get to my main target - 11175-200 and maybe much lower.
Oct should mark the low and Im wondering if we even see 9-10k zone tested.
So far Im planning on adding to my swing short tomorrow and just seat on it till after the FOMC decision move.
Im running some ES longs against my main NQ short, ready to cut at 3919ES level.
This is my working chart and I have hided as many indicators as possible, so you all can see the chart more clear then it is:)
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!