This is the point of Control (most traded price) since the COVID crash.
Looks the same for the /YM Dow Jones continuous front month contract.
Why does this matter?
Because that is where the market stopped for COVID Crash - the point of control going back to 2008 GFC. (which I realized 6 months later) But NOT this time!
With that said - the /ES Futures are not quite to there - but interestingly and check yourself on a daily time frame the /ES Futures is at .618% Fib retracement.
That folks is confluence.
I'll it there for all to consider.
Looks the same for the /YM Dow Jones continuous front month contract.
Why does this matter?
Because that is where the market stopped for COVID Crash - the point of control going back to 2008 GFC. (which I realized 6 months later) But NOT this time!
With that said - the /ES Futures are not quite to there - but interestingly and check yourself on a daily time frame the /ES Futures is at .618% Fib retracement.
That folks is confluence.
I'll it there for all to consider.
Trade attivo
Nailed it - although not sure anyone noticed. We're almost at 20000 on NQ now. Next target is 20400 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.