Comments on: Stock Futures Coming Up on Key Resistance Levels https://rightsideofthechart.com/stock-futures-coming-up-on-key-resistance-levels/ Stock Trading, Investing & Market Analysis Wed, 21 Aug 2019 13:58:49 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/stock-futures-coming-up-on-key-resistance-levels/#comment-7205 Wed, 21 Aug 2019 13:58:49 +0000 https://rightsideofthechart.com/?p=192599#comment-7205 /NQ has taken out both the downtrend line & the 7750 price resistance level, triggering a buy signal with /ES still below the 2936 + downtrend line resistance although by a wide enough margin that both /NQ & /ES can rally another 0.4% +/- before /ES reaches those intersecting resistance levels.

So far, although both /GC & /ZB are trading red, as would be expected with /NQ +1.13%, they are still holding up very well considering both the recent strength in equities as well as their current bearish technical posture. One of the other will likely give way soon: Either equities continue to rally while gold & Treasuries finally start to correct or this breakout in /NQ proves to be a false breakout with stocks moving impulsively lower & the flight-to-safety assets continue to hold up.

]]> By: bryrune https://rightsideofthechart.com/stock-futures-coming-up-on-key-resistance-levels/#comment-7204 Wed, 21 Aug 2019 13:46:31 +0000 https://rightsideofthechart.com/?p=192599#comment-7204 Looks like you are right the algos are trying to eat all those stops.

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