The week is almost over and NQ1! is still under control of the bears. There were some big attempts to break out of the range for bulls, but all failed. As I previously stated in my last post, the target for bears is still around 15100 and we just reached it.
Bears have momentum to keep selling, but large retracements are the normality. Also as a bull, if you want to be in this market, you have to carefully think of your stops. We are also approaching the critical and psychologically strong 15k mark.
If we break below 15040, we might go below 15k and further down for another week.
Still no trade position, let's keep watching and see if there's a nice entry.
Nota
Bears seem overly timid in this open.
Trade attivo
Going long 15075, stop at 15045. Selling does not seem too strong today.
Nota
Stop at entry. Let's see if we run.
Nota
I'm being pretty cautious, even too much for my liking, but the reasons are that this market is probably moving soon or not at all.
Trade chiuso manualmente
Close 15115. Happy with 45 points for now.
Nota
40*
Nota
Alright, we have a big break and we must see follow-through. Let's keep observing.
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