NQ: Signs of decreasing strength
I wouldn't touch NQ and ES till it shows a clear direction to either was. NQ is clearly losing strength. ES is clearly stronger, but how long can it go without taking out some sell-side?
Pretty suspicious if you ask me. I feel like something is cooking. Yes, ofc price can go further higher. But we are stacking up lows after lows. And we all know when Price is stacking up sell-side liquidity, it isn't doing it just the sake of it. It builds them up for future liquidity.
I'm honestly not confident trading these conditions. There are signs of sweeping all time highs, we can build a narrative around that. But we pretty much can go higher from here too. Thankfully DXY cleared up, so we shouldn't be bored.
Ok that's it for now be safe byyyyy
Pretty suspicious if you ask me. I feel like something is cooking. Yes, ofc price can go further higher. But we are stacking up lows after lows. And we all know when Price is stacking up sell-side liquidity, it isn't doing it just the sake of it. It builds them up for future liquidity.
I'm honestly not confident trading these conditions. There are signs of sweeping all time highs, we can build a narrative around that. But we pretty much can go higher from here too. Thankfully DXY cleared up, so we shouldn't be bored.
Ok that's it for now be safe byyyyy
Commentaire:
Forget about the equal lows, we are going higher.