gmaster29

NQ1! - Gap fill 14521 and bounce back to 15000 and 15475

Long
gmaster29 Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Nasdaq has been coming under selling pressure since the start of August.. I believe it's an oversold condition and there's a technical bounce around the corner.. I see NQ1! might go down a little to fill the gap at 14521 and also bounce off the lower trend line of the parallel channel. Immediate resistance level will be 15000 , once that is broken , next resistance level at 15475.. I think there will be a pull back and consolidation US 10Y treasury yield and Dollar index which could boost the sentiments on the risk assets like QQQ , Crypto and also technical bounce on Gold and Silver
Trade active:
Target 1 - 15000 reached.. Next target 15475
Trade active:
NIFTY hit 15418 levels and pulled back with high volume. Its signaling a trend reversal. can test 14521 gap fill level soon.
Trade closed: target reached:
Nasdaq target 15475 reached

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