$NQ: Hit The First Resistance and Got Rejected. Can Bulls Make Another Push Higher?

$NQ #NQ #trading setup

In my previous update “Both Scenarios Allow Bulls To Push Higher” I correctly predicted a corrective bounce:

I shared two scenarios that argues for a move up of different magnitude:

The bearishscenario (i) argued for a pullback to 15,000:

This is how that chart looks like now:

Under the bearish scenario bears can keep pushing lower in a wave v down.

The bullish scenario (ii) also argued for a move up to 15,000:

NQ-mini 240 min chart posted on Sep 27, 2023

But under the bullish scenario bulls can stop the initial bearish reaction off the 15,00 resistance.

This is how that bullish scenario looks like now:

That bullish scenario will look like a feasible scenario as long as bulls manage to hold NQ over 14,760. Break under that level would make the bearish scenario (i) the primary one.

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