Looking for the continuation higher today.
Commodity prices are falling so their inflationary effect will be reducing - Fed is keeping rates unchanged for a long period of time. - US employment is way off from being 'full employment'.
On the NDX chart, the gap up was filled after the retail traders chased price higher on the open. The second dip into the close looks like it got bought up , so ideally I would like to see a drawdown to yesterdays POC at 13111 on NQ and a target up to 13309 or maybe 13513 on the futures or 13319 to 13523 on the US100 chart.
Commodity prices are falling so their inflationary effect will be reducing - Fed is keeping rates unchanged for a long period of time. - US employment is way off from being 'full employment'.
On the NDX chart, the gap up was filled after the retail traders chased price higher on the open. The second dip into the close looks like it got bought up , so ideally I would like to see a drawdown to yesterdays POC at 13111 on NQ and a target up to 13309 or maybe 13513 on the futures or 13319 to 13523 on the US100 chart.
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forgot to markup the proabibilities
