The aforementioned key support levels of /NQ 7650, /ES 2895, QQQ 185.95 & SPY 289.89 have all now been taken out followed by impulsive selling so far with more impulsive selling likely to come. As I had mentioned in the recent video, I may not have the time to add back some of the recent short trades that had the stops clipped in the recent volatile trading range but for those still holding any of those positions, the same price targets would still be valid at this time & I still believe those trades will pan out dispite the fact that the official stops were clipped in the recent market chop.
NQ 60-min 2 Aug 23rd
/NQ has just hit the 7555 support with /ES hitting & so far making a slight momentum-fueled overshoot of the 2881 support, with the odds for at least a minor reaction at or off both of these levels likely. As such, whether or not we bounce from here, the next sell signal will come on a break of today’s lows (i.e.- a solid break below the lows as of 11:15 am EST).
ES 60-min 2 Aug 23rd