Today's price action looks to close the Day and Week below the key level of 12400 on the Nasdaq
NQ1!
which is the line in the sand 50% Retracement of the Summer 2022 Rally. The rally topped out mid-August (see post below). Today's intraday price action showed a potential rally to recapture the level only to turn and reverse thus confirming the level as Support Turned Resistance. A retest of the earlier months' lows is now a high probability.
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: www.youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade