Overnight session:
NQ is at the key 1962.50 level (50% October/March), not coincidentally a hair above the 10 dma. ES is also in a critical spot, 61.8% 2008 at 1395. Bonds have a bid so I would give the next session to the bears unless oil drops hard from here.
Resistance will be NQ 1966.75, 200 dma and 1971, 38.2% of the week.
NQ is at the key 1962.50 level (50% October/March), not coincidentally a hair above the 10 dma. ES is also in a critical spot, 61.8% 2008 at 1395. Bonds have a bid so I would give the next session to the bears unless oil drops hard from here.
Resistance will be NQ 1966.75, 200 dma and 1971, 38.2% of the week.
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