Tuesday, November 12, 2019

/NQ 11-12-2019 Day Review


During Sunday Globex Session, price was able to make a higher high from Open but on less convincing as the Delta made a lower high creating a Trend Divergence to the downside.  The candle also formed a Pinbar.  So entering a Sell position near 8251 with stop loss above recent swing high(8259.50) exiting position around 8232 area.  Price was making lower lows but the Delta was holding its 7:05pm EST low of 15247. A Gain of 19 pts.
As price made its final lower low creating a Hammer, Delta was making a higher low creating a Trend Divergence to the upside.  So entering a Long position at the high of Hammer candle(8230.75) stop loss at 8228.25, took price back thru Globex high exiting when Tweezer Tops were formed and price couldn't make a higher high(8274.25) while delta began its decline.  A gain of 40+ pts.

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