Dollar buying continues. Cable may find support in 1.32s. From a daily time frame perspective this is one level, but here one can see subgroupings around 1.3220 and 1.3270.

and here they are:

qqq 60 - note how the move down from 146.33 hit the smaller median line, but not the bigger median line? That suggested a trip back up to the upper line. The thin red line median line set is the sliding parallel set to the low at 142.10. Price at the upper line of that alternate set this morning, where 146.33 - 142.10 = .886 at 145.88, and at the median line of the bullish green set. Short trigger with a tight stop

1.3260 provided support overnight. I guess that current bearish correction will end about 1.3320-30 and then Cable will drop below 1.32.

Originally posted by MarcinO

Dollar buying continues. Cable may find support in 1.32s. From a daily time frame perspective this is one level, but here one can see subgroupings around 1.3220 and 1.3270.

The move down started at 1.3317 - sorry for inaccuracy.

qqq make or break here this morning....

146.37 - 142.10 = .886 at 145.88
146.17 - 144.93 = .886 at 146.03, and .786 at 145.90

meanwhile, aapl has a potential bear abcd at .382 area

Kane FLAT on CZZ completing at 0.382 fibo on the Daily.

Price In NNN''s 0.886 fibo "Beauty and Sinplicity," meeting resistance at previous day's CLOSE

.








Al :--)

No posts, guys. Cable is in sideways chopp since Tuesday.