NQ1!, Buyers Pushing Higher, Oversold Is Ignored

Another green day on the market. The move started in Globex and the momentum continued in the day session. The breakout of the balance remains intact so far.

At this point, as along as the today’s low and breakout area is defended the buyers remain in control and the door is open to retests today’s high.

If the breakout area is lost that would be a sign of weakness. It may lead to a false breakout pattern to play.

04/03/2019