Sunday, December 10, 2017

NQ Guideline For Monday (March contract)

Fed engineered gap-up opening on Friday failed to trigger any substantial short-covering and NQ traded down in a very nice and organized a-b-c- fashion down towards gap-closed, closing just above key support price level, 6350 on the March contract.
 
For Monday as long as NQ can remains above 6350 NQ could rally back to at least test Friday swing high.
 
Breaking back below 6350 is bearish and it could trigger a round of selling, first support is 6300 then 6280.
 
Bitcoin Futures Contract started trading on the CBOE Sunday night, the outcome is not what Central Banks wanted, instead of selling off, Bitcoin rallied sharply.
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