NQ has staged a massive V-bottom rally into yesterday's NY afternoon session, which closed deep in Friday's value beyond Thursday's POC.
It signals the change in the tone and the return of risk on trade.
At this time of speaking, the Globex session is trading in the gap between Wednesday and Thursday.
The likely target today is to to challenge last week's POC at 6895 and VPOC at 6900.
I would expect some response from that region to give me a couple of scalps.
If NQ were to able to capture back the 6900 level, the next target is 7050 and there is not a lot of structure below 7050 to stop its advances.
It signals the change in the tone and the return of risk on trade.
At this time of speaking, the Globex session is trading in the gap between Wednesday and Thursday.
The likely target today is to to challenge last week's POC at 6895 and VPOC at 6900.
I would expect some response from that region to give me a couple of scalps.
If NQ were to able to capture back the 6900 level, the next target is 7050 and there is not a lot of structure below 7050 to stop its advances.