[nqrack] 2025-05-16 where are they going?

The Numbers

Above

Moving out of 21420 will let them head up to 21497. Above there is bullish, with 21529 and 21725.25 in view.

Below

Dipping back into 21378.25 opens it up for a revisit of 21320.35, 21273.0, and below. There’s a single print lurking at 21136.0 that could serve as a bounce place, but if they rip through, 20958 and 20836 is on the table.

The Big Picture

We’re in a balance, heading upwards, still.

It’s Friday, so I won’t say much as I don’t even like to trade on Fridays. She surpassed our first resistance, and now edging up towards the second resistance level, before dumping hard in the afternoon. It was unlikely they were gonna just waltz on through, so no shocker. What I like is that they stopped short, which usually means the desire is there to get there and push through. We will see, however. Anything can happen.

The numbers are above, we have some news items. Trade carefully.

News

Here’s to patience, confidence, learning, and profits! 🫡