NQ - Wedge Continues
Although we saw heavy Distribution in the NQ, it has abated for now.
Price continued to move Lower on reduced Selling...
The range is easily tradeable within the wedge.
Unfortunately, we will not know until tomorrow which
direction it will break.
There remains a far higher measured move to 16,018 above
and a far lower measured move below to 15526, a near 500
point range that BR/VG would enjoy trading.
It will depend as it always does on the FEDs Friday UST Prop
which often comes in Large @ $12.1 Billion.
For tomorrow it is $0.
It will be on the backs of Blackrock and Vanguard to keep
things together.
Going to be an interesting close to the this week.
Price continued to move Lower on reduced Selling...
The range is easily tradeable within the wedge.
Unfortunately, we will not know until tomorrow which
direction it will break.
There remains a far higher measured move to 16,018 above
and a far lower measured move below to 15526, a near 500
point range that BR/VG would enjoy trading.
It will depend as it always does on the FEDs Friday UST Prop
which often comes in Large @ $12.1 Billion.
For tomorrow it is $0.
It will be on the backs of Blackrock and Vanguard to keep
things together.
Going to be an interesting close to the this week.
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