NASDAQ 100 E-MINI Futures
Long
Aktualisiert

NASDAQ - Point of Control - Stop and Up from here?

128
This is the point of Control (most traded price) since the COVID crash.

Looks the same for the /YM Dow Jones continuous front month contract.

Why does this matter?

Because that is where the market stopped for COVID Crash - the point of control going back to 2008 GFC. (which I realized 6 months later) But NOT this time!

With that said - the /ES Futures are not quite to there - but interestingly and check yourself on a daily time frame the /ES Futures is at .618% Fib retracement.

That folks is confluence.

I'll it there for all to consider.
Trade ist aktiv
Nailed it - although not sure anyone noticed. We're almost at 20000 on NQ now. Next target is 20400

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