NQ - Larger Draw ALGOs attached - 14094 - 15172.50
The larger range remains an important setup for next week.
It will provide further clarity as to where the Lower Boundary
exists.
We maintain the 12485 level has a higher than normal probability
of now being tested.
It will happen quickly when the decline begins.
As we move into the end of the week, Blackrock and Vanguard
will attempt to press SELL Fills while moving price into these
higher Fills today and tomorrow.
Next week, should 14500 hold, we can expect a large retracement
to chop up the less fortunate, only to be followed by more downward
pressure.
Trade Safe
It will provide further clarity as to where the Lower Boundary
exists.
We maintain the 12485 level has a higher than normal probability
of now being tested.
It will happen quickly when the decline begins.
As we move into the end of the week, Blackrock and Vanguard
will attempt to press SELL Fills while moving price into these
higher Fills today and tomorrow.
Next week, should 14500 hold, we can expect a large retracement
to chop up the less fortunate, only to be followed by more downward
pressure.
Trade Safe
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