Thursday 17 July NQ Recap

Bulls crushed it out of the gates

An easier trade to get our teeth stuck into today. The DOW plowed up pretty quickly, NQ had a small pullback to our pivot then launched to the first upside target, short pullback, then onto upside target two.

Note the whales getting involved- a 400 then 700+ lot coming into the market, speeding up the tape significantly, and not a single m5 candle closing below the pivot. All of this was noted in the pre-market report.

NQ took out the weak high in the process— and, it looks like we’re poised to move into an imbalance phase of the market, where the dynamics will shift significantly.

Please do leave a like, comment in the discussion area, restack if you’re able to extract value from this free analysis which is a culmination of many years of hard work.

Best wishes,

-Z