Interesting day for NQ:
Mondays session did not touch Fridays
POC despite pretty strong tendency to do so. But that was understandable given the strong afternoon trending profile that occured on Friday afternoon after a coil had formed. This upside momentum continued into Monday (on weak volume) before petering out and Mondays session formed 'value' near 1935.00.
Then today didn't look like it would touch 1935.00 (Mondays
POC) when breadth was awful and the index was trading near 1914.00
What happened?
NQ went and touched Fridays
POC then went and hunted down not only Mondays
POC 20 points higher but ran to yesterdays last hour high, 24 points above the low for the day... NQ is a sick contract...
currently, NQ has found a little resistance at Mondays last hour high (to the tick so far).