As well $NDX had neither a daily lower low or a lower close. Yet.
Tomorrow feels like a big up day coming
- Thread starter SoyUnGanador
- Start date
This might explain it. Sierra Charts gives me the option to do all sorts of stuff with contract roll-overs including making adjustments. I prefer to just keep it simply and use the current contract and rollover on the day with the highest volume.
Yeah fair enough, some people prefer different ways. I just find this the most effective, simple and best way for how I do TA. Seemed to work well enough for today's analysis, don't mean this in a smart ass way either, just being serious.
Good call, again. Thanks to some help from the UK Exchequer.
Of course the indices are still very oversold if you believe in RSI having any value.
That is what I do. Continuous almost always are back-adjusted to make them "fit".
Don't lie, who saw today's epic rise and made a few millions? 
NQU22 actual unadjusted low for June 16th is 11068.50
Can go back and look at this to compare. I've just never noticed it effecting my TA. Doesn't mean it hasn't of course. Even though it's an adjusted number, we still made a new relative adjusted low, so starting to regain that is bullish either way (we haven't actually regained it yet on weekly TF though, but just the start of it can cause short covering).
Obviously I am not very well versed in this, but will do more research.
I like to see a new daily closing high or at least a new higher high and then follow through before the bull word is used, and even then it is a bull move in a bear trend still.
A bottom, or vice versa a top, is not a bottom/top until it is confirmed.
Ok all was trying to say is setup today often causes upside pressure, even if only short covering. For intra-day trading and for me personally this is a pretty large move today so far. Understand what you're saying and I am still macro bearish long term without a doubt, so no complaints or arguments there. But for me personally I've learned to take regains seriously. The few times they fail or don't produce much are rare.
EDIT: To clarify we have not yet officially regained yet either on a weekly TF obviously, am aware of that per previous comments.