NQ1!, There is no Better Buyers as Trapped Sellers

A potential rally was suggested in the previous post. A fake breakdown of the support followed by a strong reversal. Notice positive divergences on the indicators. The trapped sellers had to cover and flip positions. A breakout of the smaller balance to upside added more fuel to the move. Now, the price is at inflection point while being overbought short term. We may see a potential profit taking in the overnight session or tomorrow. The bearish case is not dismissed. This is a retest of the broken balance.

Enjoy the rides of this wild market. Stay nimble and rely on technicals and market structure.

9/25/2019