After yesterday's strong move off the highs (that we called a double top), we recommended taking on hedges for a possible bounce. NQ delivered it's overnight bounce to the 11418 level that is the 61.8% retrace of the move down. Now removing hedges and/or adding short positions. Eyes on the 76.4% fib level, above that something else is in play and the trade should stop out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.