Bulls in the morning with bear sellers in the afternoon. The NQ from yesterday is almost identical.
We see an early buy signal at/near the US Open and a buy TL develop. This TL is roughly 45 degrees and regarded as a stable extended run for the dominant position. As we approach Break Out Target levels the markets put in a reversal with targets in a range equivalent to B23-24.
[12:46] <CM> nq a maxt (regarded as a potential for a reversal)
[12:49] <CM> need an ema touch..
[12:51] <x> u s already?
[12:53] <CM> like 1403 2721 13159 804.5
[12:51] <x> u s already?
[12:53] <CM> like 1403 2721 13159 804.5
[12:56] <CM> (x) we had a prior pb no ema this one should hit after pa ran into upper resistance and y shorts are in
[13:02] <CM> nq should hit around that left shoulder 2719-18 tf 803.5-803
Targets were set to the B23-24 area, with a little play on a non-news day.
[13:10] <CM> for us to go to b22-23 lows would require some (deleted) news hitting the fan so a runner will always be held open should fan be turned on...
No major financial news today, but a nice TRACY pattern. That is "news" that should not be taken lightly. It plays nicely.
Charts for today:
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