NQ1!Clear price action similar to the lows in January and April before further continuation. Both scenarios printed expansion bars on the weekly, and we’re witnessing something quite similar with current prices.
It’s up to you to see it for yourself, but things look bullish for now, and bidding at $19,600 makes sense.
The idea invalidates a bit lower, as usual, but there's enough room to form another higher low.
Keep in mind that it broke the bearish market structure and made a HL after that. It would be risky to short when we're still above the point of control (POC).
In short: buying the retest of the POC and remaining bullish as long as the trend line is respected.
Aiming for all-time highs and beyond
Nota
I'm still waiting for the market to reach the level this week, ideally with a quick movement followed by a full reversal. Longer periods of retracement tend to be dangerous, as they often lack follow-through. I prefer to see something swift.Nota
Seems unlikely that it will go much lower. New bar invalidated the small downtrend
Nota
Might actually get the entry
Fed speakers this week, Fed minutes on Wednesday, CPI Thurs, PPI Friday, consumer sentiment
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