ES and NQ support and resistance. 8/11/2020
ES and NQ support and resistance on lower time frame charts.
ES and NQ support and resistance on lower time frame charts.
The FANG names have been showing up in a big way here lately, led by AAPL earnings, then followed up by FB’s advance this week. Here’s the name I think is next, along with another key index component.
The Nasdaq made new highs first, and now the S&P is right on its heels. The path to glory isn’t always easy or straightforward, but I think we get there. This is how that played out for me this week and how I’m looking to set it up into next.
Both have pulled back beyond their daily historical price movement range, so is this a retracement or a reversal. I am looking for a buy setup in each.
The near-term momentum in the market is going to be determined by what comes out of D.C. in the next few days. There is no lack of high drama, and the markets took a pause because of it.