This video describes how the support areas develop with VWAP levels using pattern analysis only and being a bit light on any references to Fibonacci levels, even though there are several VWAP levels that literally lie directly on top of significant Fibonacci price levels.
11068.75 is probably the Maginot line for any potential future rally or just below that around 11034. Holding that area would suggest at least a bit of limited bullish support for MNQU22. Below that, things get nastier for the bullish and could get nastier quickly, if sellers rush to the terminals.
On Tuesday, that saga begins.
Very shortly I will post a survey in this stack to make decisions about what I will write here. I can look at other markets (forex futures, other CME futures contracts, stocks, and commodities) if there is a desire for it.
Leave me some comments and I will add them to the survey list. Once another business venture settles down, I will begin to write on other topics too.
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