Calling The NQ Bounce

Earlier this past week with the market pulling back, we took a good hard look at potential support in NQ futures.  We found mostly symmetry support, which is essentially a measured move. The higher end of support was violated that day, but the lower end of support was at the 12594-12634 area."

The actual low was made on Tuesday (Mar 28) at 12634, and a 15-minute trigger that we follow provided an entry at around the 12745 area.

Since then we've seen a nice quick rally of 585 NQ points so far. We are also trailing up our stops at this point since we have met target one already in 3 days. The next upside targets IF this rally continues come in at 13358 and 13411.