NQ1!, Balance Bottom Retest Offered Long Opportunity

Yesterday, I outlined that the price may retest the lower band of the Bollinger Bands and that won't change the bias. In the overnight session the sellers brought the price to that level offering the RTH buyers a long opportunity right from the getgo. A push back to the middle of the bands was a reasonable reaction. The remaining session was choppy awaiting for AAPL earnings. At this point the price is channeling up while drifting down in a larger channel. The channel breakout would set a short term direction. There is a potential volatility spike after 2 PM EST. Once the dust settles the market should return to its normal mode.


07/30/2019