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Friday, July 07, 2017 4:37:37 PM
:::: e-Mini Nasdaq Future (QQQ) Attempts to Put in a Significant Corrective Low After The Jobs Report
By MPTrader | July 7, 2017
A possible moment of truth for e-NDU (QQQ) at the price structure pushes up towards a challenge of near-term resistance at 5650 (137.50), which represents the nearest-term resistance boundary line of this week's coil configuration.
The ability of e-NDU to take out the coil boundary will be very constructive technically, and will morph all of the action since the July 4 electronic low into more of a bottom than a sideways, potentially-bearish digestion period within the larger corrective period off of the June 9 high.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By MPTrader | July 7, 2017
A possible moment of truth for e-NDU (QQQ) at the price structure pushes up towards a challenge of near-term resistance at 5650 (137.50), which represents the nearest-term resistance boundary line of this week's coil configuration.
The ability of e-NDU to take out the coil boundary will be very constructive technically, and will morph all of the action since the July 4 electronic low into more of a bottom than a sideways, potentially-bearish digestion period within the larger corrective period off of the June 9 high.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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