NQ uptrend continues to the Weekly R1 level and the 8000 resistance level. Uptrend still intact. We are sloping up on the Tenkan-Sen and above the Weekly Pivot level with two successful tests of that level. We are also holding the latest demand line which is also bullish.
Entry:7929.75
Stop:7813.25
Profit Target: 8010 (or higher with multiple contracts)
NQ: $20 per point on one full contract, and $2 per point on the micro contract. You choose.
Entry:7929.75
Stop:7813.25
Profit Target: 8010 (or higher with multiple contracts)
NQ: $20 per point on one full contract, and $2 per point on the micro contract. You choose.
Comment:
Well as the penguins said in the movie "Madasgcar": "Well this sucks!" Sorry folks, sometimes you win, sometimes you lose. Remember long term success in trading is about a series of trades not just one. Oh well, on to the next setup.