NASDAQ futures 4hr and you can see what happened last time it tested the 200 sma 18 December. The bounce here won't be that large but with this 144 vibration running in the tech indices, it might just go until week's end. There is also an engulfing candle here too, although small, past expereince has shown me that doesn't matter a whole lot. When they show up at places like this (such as 200 sma on 4hr timeframe) they usually mean higher prices. Not always, but usually. If I always trade the usual, I should be okay, and if this time I'm not okay, next time I will be repaid with interest.
NASDAQ futures 4hr and you can see what happened last time it...
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |