NQ first close below 20D MA since beginning of May
Updated
After a long relentless rally, 
NQ1! had a close below 20 days moving average. The US downgrade news helped it tumble.
The idea is that if it is to keep selling, it has to use the current momentum. If the price goes above overnight highs, it could keep rising. Buying above 15510, stop at a 14550.
NQ1! had a close below 20 days moving average. The US downgrade news helped it tumble.The idea is that if it is to keep selling, it has to use the current momentum. If the price goes above overnight highs, it could keep rising. Buying above 15510, stop at a 14550.
Note
Correcting stop, 15450*.Trade active
Fill at 15510.Note
Trade still valid. Bulls trying to add volume to consolidate 15500 level.Trade closed: stop reached
Stopped at 15450. Looks like we're going back to 15350.Note
We're currently very close to 15350 level. Trade opportunities arising.Note
Target reached for bears. Let’s breakdown what could happen next in an upcoming post.
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