Monday, May 29, 2023 8:29:36 AM
8:22 Long NQ 14,380, Stop 14,375, Target Open
Scalping off the 500 tick. The tape is very bullish, so I consider support discovery @ $14,377.50 noted by BetterSineWave via the tiny green dots & word "END", a high probability long signal. I marked my entry with the timestamped dotted vertical white line.
Another thing to note:
In a low volume tape the signals the better indis produce are just as surgical: bearish exhaustion (green dot) last night was good short for 60 points & counting.
Bearish exhaustion is actually bullish but often behaves in bearish fashion when it appears after a rip.
Scalping off the 500 tick. The tape is very bullish, so I consider support discovery @ $14,377.50 noted by BetterSineWave via the tiny green dots & word "END", a high probability long signal. I marked my entry with the timestamped dotted vertical white line.
Another thing to note:
In a low volume tape the signals the better indis produce are just as surgical: bearish exhaustion (green dot) last night was good short for 60 points & counting.
Bearish exhaustion is actually bullish but often behaves in bearish fashion when it appears after a rip.
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