Update: Nasdaq Reacts Perfectly to Fib Cluster Setup

in #money • 7 years ago

Rebound.png

A few days ago I posted in length about a major cluster of support that was being approached in the Nasdaq futures. On Monday we sold right into the level and closed just above. With the market being closed Tuesday for the 4th of July we saw the exact reaction that was anticipated this morning. The NQ sold into the level very briefly and then quickly started to retrace to the upside. How long this level holds is anyone's guess, but the level proved significant enough to gain a short term edge over the market.

Updated Chart:
NQ_7_5_17_cluster.png

TN Trader

#trading #stocks #charts
7 years ago in #money by
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