Discover more from Advised Trader
Big buyers coming in on #Equities $SPY $QQQ $IWM $DIA Be prepared for big breakouts this week
$NQ must remain bouncy for it to be a legitimate trading environment for longs. If buyers leave here, for days, then it will get back to its lower 11000’s area before resuming into the late 80 day cycle.
$NQ #NASDAQ look for 11750 to 12050 to produce buyers. IF they fail, then its extremely bearish, ESPECIALLY if $NQ cannot go above the high of the previous 20 day cycle!! approximately: 12275
Therefore it is likely that buyers will comeback
And it will be a lot of buyers
This is a great time to watch for reversals from lows of premarket in US indexes
Advised Trader is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.