Nasdaq initial weakness bought – Similar to Thursday
3:14pm update – Sure enough. Thursday gave a good look on today. NQ traded up out of the H&S. broke over 2597 and mounted 2600, highs being 2615.75.
Today’s price action nearly 100% identical to this past thursday.. Came off hard as cash opened.. then a solid bid found and straight up. Inverse H&S on the nasdaq. Looking for 2597 a test.. then perhaps regain 2600.. Friday was a record high for the nasdaq going back over 11 years.
|5 min NQ|