MNQ Continued Bearish Bias Outlook

Jan 14

My directional Bias for MNQ remains Bearish with the expectation on price to trade lower into the D BISI and take the SSL from the double bottom around 20640.00 I also like how price wicked the CE level of the D BISI that could indicate lower prices since price cant even make it through the inefficiencies 50% CE level. Now price may not make the move lower all the way and could just trade as low as the D Discount Wick 50% level which is also conveniently placed in CP to the D BISI CE level as well but lets see what price gives us.

Jan 15

Trade active

Just as I had expected price traded lower and respected the discount wicks 25% quadrant level at 20757.00 From here I want to see price continue lower and disrupt that SSL at 20640.00