NQ--Bullish, but watch for short term rallies from singleprints
We should test last weeks Volume value area. Watch for rejection from Fridays lower distribution.
initial thoughts on PA and weekly alone. Bulls maintained the previous excess high, and we spent most of the week building value in the prior weeks upper distribution.
There will have been alot of stops above this excess high
Does it mean sell? not necessarily. we're building value at higher prices week by week. The market is bullish on all TFs
The market established value above the prior balance area----this is acceptance of the breakout.
Watch DXY, and we also have true gaps to fill on both ES and NQ
initial thoughts on PA and weekly alone. Bulls maintained the previous excess high, and we spent most of the week building value in the prior weeks upper distribution.
There will have been alot of stops above this excess high
Does it mean sell? not necessarily. we're building value at higher prices week by week. The market is bullish on all TFs
The market established value above the prior balance area----this is acceptance of the breakout.
Watch DXY, and we also have true gaps to fill on both ES and NQ