ViceTrader00

Make or break for the Nasdaq

Long
CME_MINI_DL:NQ1!   NASDAQ 100 E-mini Futures
Price hit the lows around $14560 and bounced back to $15040. Since the market is currently in an up trend (weekly and monthly) I would expect this intraday down trend to not hold and for price to bounce up higher. With congress averting a government shutdown, I don't think there are any news catalyst to make price tank as of this week. However, the plan stands that if price breaks resistance at $14800 and continues heavy selling below $14650 right into $14560 we might see an overall down trend in the market.
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