The NASDAQ e-minis did something pretty astonishing near the close and afterwards – – it basically sailed straight up.
I sold short some /NQ at the 1497 level since I noticed it was hitting – and stalling at – Fibonacci resistance. Here's the daily chart for a different look.
I'm not sure what drove the /NQ to explode from 1385 to 1500 in such a short amount of time except for the fact it exploded from 1200 to 1385 in just the prior two sessions; I think there's an easy case for this to head back to about 1385 and dispense with its too-easily acquired gains.
Oh, and – – – remember to vote for this blog! :-)
