Good morning everybody:
Hope you have listened to my advice and made an easy 5% for longing NQ. However, today I am recommending you to close your longs and wait on the sidelines. Why? Of course the breakout from the resistance is obvious, but I think a possible pullback is about to happen because of weak European market. DAX is proving a whole different perspective: It's a lot more weaker, but NQ is displaying a strong market that is ready to rebound. So now, wait for Europe's movements, and let's see if DAX is capable of rebounding from their lows. If they still lag on the resistance, I would recommend getting shorts on NQ, due to the corresponding movements from EU and NA. No position at this moment.
Hope you have listened to my advice and made an easy 5% for longing NQ. However, today I am recommending you to close your longs and wait on the sidelines. Why? Of course the breakout from the resistance is obvious, but I think a possible pullback is about to happen because of weak European market. DAX is proving a whole different perspective: It's a lot more weaker, but NQ is displaying a strong market that is ready to rebound. So now, wait for Europe's movements, and let's see if DAX is capable of rebounding from their lows. If they still lag on the resistance, I would recommend getting shorts on NQ, due to the corresponding movements from EU and NA. No position at this moment.