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NQ-nalysis

  #621 (permalink)
 
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 srgtroy 
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trendisyourfriend View Post
I have a little script that finds S&R automatically. Here are the levels it found for the NQ. This is a CFD so the levels may differ with the Futures.


Nice. That's pretty.

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  #622 (permalink)
 
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srgtroy View Post
4288-89 is key bull-bear level. That's all the Masons are willing to acknowledge right now...

Actually, multiple points of support at this area, which held Monday RTH:

4288.75-4289.00 until further notice
4289.5 for Tuesday only
4286.5 for Monday only
4283.5 for This Week

Price approaching these levels again now...



Definitely a critical region...

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 UmBillyCord 
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Not convinced it will get up to the 85 area before it rolls over to test the late August support.

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Let's take a look at our previously designated fib levels:



Well, well, well...

Overall, a test on Monday of key support, a breakthrough on Tuesday of that support, and on Wednesday, that support became resistance on a retest.

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Weekly Fibs in this area. Daily Not Shown. Let's see how they do for the rest of this week:


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So this is how the week played out with our Fib levels:



More detail is available when daily levels are added but for now this is decent enough.

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This coming week's key levels, cooked up fresh and in advance:



Looking interesting:

4446-4437

4289-4296-4300

4083

3900-3878.25.

Let's see how well they work...

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srgtroy View Post
This coming week's key levels, cooked up fresh and in advance:



Looking interesting:

4446-4437

4289-4296-4300

4083

3900-3878.25.

Let's see how well they work...




Pretty sweet, really. Apart from the general conforming of price to the levels, I mentioned 4083 above as a particular level of interest. It may be a little hard to see both the red and the orange lines at that price level because its actually a perfect confluence of two different fibs, so its pretty significant.

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Interestingly, there has been a confluence at 4083 on the daily fibs {not shown} beginning with the Monday-Tuesday session. I would not be suprised to see a bounce here or at least some sideways ranging.


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srgtroy View Post
Interestingly, there has been a confluence at 4083 on the daily fibs {not shown} beginning with the Monday-Tuesday session. I would not be suprised to see a bounce here or at least some sideways ranging.


Some ranging followed by a bounce, with price conforming to fibs, as expected. 4083 has proven key so far:


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