Hurdles Are Getting Higher
Wednesday’s
open was more than a little interesting:
Even though there was a decent gap up, for the most part we
gapped right up to resistance level from Tuesday.
It was an immediate fade. The
market did find footing after closing the gap and continued into the afternoon
to keep the bull’s attention and make new highs.
The 830 level on the ES and the 865 level on the NQ were key.
ESZ2 close line
five minute 24 hour chart
NQZ2 close line
five minute 24 hour chart
ESZ2 five
minute
Â
NQZ2 five
minute
If
we do continue upwards today (Sept. 26):
The ES
will find resistance at 845, 850, 854.25, 863.75, 868.75, 873.25. 880, 891.75,
900, 903
The NQ
will find resistance at 891.50, 900, 902.50, 910, 911.50,Â
920, 931.50
Until
next time,
Raghee
Raghee Horner is a
private futures and stocks trader in Boca Raton, Fla. For 12 years she has
specialized in price action, charting, and trading psychology for intraday and
swing trading plays. Her focus is on trading the E-mini S&P 500, E-Mini Nasdaq
100 and the stocks she feels have particular synergy with those futures contracts.