After rallying into & reversing off the 60-minute downtrend line & 11350 resistance level/long-side target, /NQ reversed & went on to hit the 11228 pullback target highlighted earlier today, once again providing active traders a chance to book profits on the short pullback trade and/or reverse back to a long position to game the bounce. With /NQ bouncing back to the downtrend line, it offers one more chance to reverse back from long to short for a late-session dump into the close today (riding the short down into or holding after the close down to the 11156 support/target). Today’s previous & updated 60-minute charts below:
NQ 60m Nov 3rd
NQ 60m 2 Nov 3rd.png
NQ 60m 3 Nov 3rd