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NQ daily chart end 21-Mar-2007

by Gav Leave a Comment

After watching couple of videos of ‘Short term trading with Oscar‘ and heard some good words from Phileo, I start to do my daytrade preparation from daily chart. This is just to identify support/resistance levels and have a view of potential market direction of the day.

Here is daily chart of NQ June contract. We had 3 consecutives up days. With the result of Fed meeting yesterday, bulls are having an upper hand. I am interested to see any weakness to support areas to get long.

OMNI support area is at 1806-1804 as well.

[photopress:NQ21Mar2007daily.jpg,full,alignleft]

Filed Under: Trading Journal Tagged With: Trading Journal

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Comments

  1. Phileo says

    at 5:48 am

    Hi Gav,

    I agree with your assessment.
    The 1850-ish area might setup to be a key resistance level (as you’ve identified), but so far, the proven support level is 1804-1806 area.

    Reply
  2. Phileo says

    at 12:48 am

    Hi Gav,

    I agree with your assessment.
    The 1850-ish area might setup to be a key resistance level (as you’ve identified), but so far, the proven support level is 1804-1806 area.

    Reply

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