Price on NQ has fixed sideways.
PA has generally been strange. Assuming market makers do have control of the price, this consolidation period will build buy and sell side liquidity up.
I'd anticipate we might see one more grab at the sell side liquidity and then retreat.
If for some reason the money printing continues, then we have a good high tf regression to watch. Mean reversion to the upside is done, sell side liquidity claimed last couple days on both Nasdaq + S&P with a big wick.
Be prepared both ways but macro is recession/growth collapse with repricing earlier rate cut complete.
PA has generally been strange. Assuming market makers do have control of the price, this consolidation period will build buy and sell side liquidity up.
I'd anticipate we might see one more grab at the sell side liquidity and then retreat.
If for some reason the money printing continues, then we have a good high tf regression to watch. Mean reversion to the upside is done, sell side liquidity claimed last couple days on both Nasdaq + S&P with a big wick.
Be prepared both ways but macro is recession/growth collapse with repricing earlier rate cut complete.