Goodbye NQ 10,000

It was fun while it lasted, but that level will not be breached again until 2021. The psychology on that number is simply too profound.

Think about it. It is a tick over on an odometer. It took a lot of time to get the YM momo from 4 digits to 5. Likewise it took a lot of momo to get the ES from 3 digits to 4.

The NQ? We are really struggling to get it from 4 digits to 5. It is simply too big of a BRN to breach now. The resistance is there, in all it's glory.

Mark it, dude.
 
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Good bye to you you naughty 7 digits NQ.
we don't like sooo many digits.

Welcome back 6 digits NQ !!!!
Please aim for 5 or even 4 digits because elderly folks have problem
reading long string of characters.


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You think that money managers will stop buying stocks in the underlying index (those of which producing double digit improved revenues q/q and y/y) because they are too sensitive to see the nasdaq at 10k? LOL.

Yes. Nobody can stand it. It is too sensitive of a thing. BRN matters!
 
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