NQ1!, Fat Trimming Action, Neutral Bias

Break of the channel in pre-market set the morning session bias. Feels like a dejavu. If you look left you see a similar pattern in play. The market is not conducive to a big move. This week is full of events and that what makes that action.

The bias remains neutral. The price is in the middle of Bollinger Bands. If we see some selling pressure the lower band could be a reasonable target. From risk/reward perspective the downside is more rewarding, however, the market may decide differently. Follow the price action and no need to predict.

07/29/2019