$NQ #i up – ii down setup #long setup
We can consider NQ as having completed a bullish -i- up, -ii- down long setup:
NQ-mini 240 min chart
To trigger that long setup bulls need to push NQ over 26,000.
The fact that bulls reclaimed the Monthly Resistance 25,845 is a very encouraging sign for bulls.
The target for a rally is monthly R1 level = 26,424.
PLAN B: break under 25,420 should be considered as a breakdown scenario and an attractive short setup.
$NQ #i up – ii down setup #long setup We can consider NQ as having completed a bullish -i- up,
$ES #ES-mini #five wave up #breakout ES strongly spiked on CPI reading (even though CPI did not actually bring any
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