NQ 7/8/2020
NQ tried to poke above the top of my channel and got hammered back down. It's playing around in my sell zone right now.
Today needs to close below 10560 in order to continue the 2000-2002 recession pattern. If that plays out, then the next big move should be a pullback down to my buy zone near the bottom of the channel. That said, I am waiting to see how today pans out. I'll put a short order in if it tries to poke the top of my channel again.
Today needs to close below 10560 in order to continue the 2000-2002 recession pattern. If that plays out, then the next big move should be a pullback down to my buy zone near the bottom of the channel. That said, I am waiting to see how today pans out. I'll put a short order in if it tries to poke the top of my channel again.
Note
NQ ended about 100 points above the key target today. It looks like that recession pattern is canceled... for now. Admittedly, I am glad that I get to keep my channel going. I really don't feel like redrawing my channel all over again.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.