NQ to retrace to lower support, for huge buying opportunity!

NQU2020 MNQU2020 NQ touched the top of the channel 6 times since May, and has dropped back to lower support relatively quickly. Expect to drop to 11460, then rocket back up to the next fib level of 12789, a $26,000 opportunity.

Trade chiuso: obiettivo raggiunto:

Target reached, and then some. Will have to see if NQ continues this down-trend, or rebounds back into the 2020 channel as we lead up to the election.