NQ/QQQ Weekend Look (Sept 7-10) with levels

The NAS charts gets similar commentary to the ES chart. Price holding at ATH clear of resistance. Once price gets to these levels longs feel comfortable and short get squeezed into buying back their stocks. This equals higher prices until something happens to change the narrative. NQ feels stronger to me on a relative basis than ES but we will see. I have no real targets to the upside. On the down side the 236 fib and the 382 fib are good areas to watch as they have confluence with the 9 and 21 ema.

تعليق:

Looking a little more precarious. May move from one box to the other. Keep in mind is Friday and they want to burn premium. So chop to down.