Stock, Option and Futures Trading
NQ bar 60
In the last post we were saying the NQ had 60 bars high to high and that it could be resistance. Of course there is a Monday morning gap inside of this sideways channel making the morning session hard to trade.
The next support on the NQ is the 2260 but the most important is the 2243. There is also one level lower but for now those are the two I would be watching.
From the 12/5 high to where we are now is more corrective than impulsive so that means the supports are supports until we are proven wrong.
As the market pulls back I want to make a list of stocks to potentially get long as the market falls into support and see which stocks out of my list act the strongest.
For now there are no new trades.