Recent YouTube Videos wrb-admin February 19, 2023
#daytrading #livetrading #stocks #futurestrading
RTY Buyers have been holding the 20 daily moving average. NQ dipped the 20 daily moving average only to close above Friday. ES closed beneath it’s 20 daily moving average. If the NQ and RTY go bid through the holiday I would anticipate ES Buyers regaining the 20 and for the markets to work their way back the upper range we just broke down from. Possibly walking back the Thursday drop which was based on Fed Speaker 50 bps rate hikes. Otherwise looking for tonight into tomorrow being balance and then ultimately testing the buyers at Friday’s lows. If we break, with conviction, Friday’s lows then I think the NQ can take back what is left of the FOMC move and the ES could work it’s way through 4049 and into 4005.
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