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AWR low @ 4019.50 and AMN low @ 4032.75 are solid resistance above, I am looking for a bounce up into that resistance that is shorted to a new low. Price appears to be opening no gap (maybe a few points). We have hit the AWR Low in the Globex session, so we may not come back up after the open. My first order of business will be seeing how that affects the open.
NQ has gone parabolic finally breaking the AWR low and AMN low. The yellow box is the initial breakout, you can see that each bull bar opens and closes outside of the previous bar. This signals strong buying pressure. Also each bar is increasing in size.
I wasn't here so I did not catch it. Open we bounced between ADN boxes and then finally turned up.
Globex open saw a large sell off creating a +40 PT gap down on the open. We have been Always in Long since the open to fill the gap. First stop was Y-VPOC at 4017 then Y-VWAP at 4026. As @srgtroy would say we have been twerking around the D-PP.
We also appear to be in a bear channel since the 19th and are nearing the top of that channel.
I believe we may have found the bottom for now with the test of the trendline on daily. I am looking long, I believe this is a flag on the daily that will BO to the long side.
But I am cautious of the Weekly PP and AMN Low that we struggled to close above today.
