We are at a daily -BPR at the moment. All daily candles have been bullish so far since April 22. The whole sentiment behind this has been the 90 day tariff pause.
There definitely is a mix of fundamental and technical reasons for both bullish and bearish bias once we achieve this target.
For this week, I would look for a long entry only if NQ retraces lower first. Otherwise would have to just watch it do its thing. Once we hit the March 26 High, I am very open for NQ to go to All time high again because that is what it historically does but I am also completely open for it to start dumping to monthly lows because it seems that the sell-side was not hit and the higher lows made on the 4H chart seem to be very low resistance targets.
Not a good time to marry a bias.
https://tradingview.sweetlogin.com/x/65BmZlaK/
There definitely is a mix of fundamental and technical reasons for both bullish and bearish bias once we achieve this target.
For this week, I would look for a long entry only if NQ retraces lower first. Otherwise would have to just watch it do its thing. Once we hit the March 26 High, I am very open for NQ to go to All time high again because that is what it historically does but I am also completely open for it to start dumping to monthly lows because it seems that the sell-side was not hit and the higher lows made on the 4H chart seem to be very low resistance targets.
Not a good time to marry a bias.
https://tradingview.sweetlogin.com/x/65BmZlaK/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.