This flat to bearish day was expected, yesterday's move got extended meaning bulls are getting exited (I wont lie, I did go long too and find out about the over extension when i was already in haha). One thing I can really see happening, a retrace to test the lower base. Still, we can just lag here and break out from here.
In short, retrace back to previous base, or lag here for a new base and break out.
Im staying with intraday trades for now. I just took a short trade today on NQ in the morning, but by now cannot spot another entry to any side.
Singal is Flat to long, unless we retrace back to lows and break those lows.
In short, retrace back to previous base, or lag here for a new base and break out.
Im staying with intraday trades for now. I just took a short trade today on NQ in the morning, but by now cannot spot another entry to any side.
Singal is Flat to long, unless we retrace back to lows and break those lows.