Stop = 2780 level (below the 3-day regression).
New weekly highs > 2829.50 level would be very supportive going into next week.
Today's volume (NQ U2 (Sept Contract has more liquidity)) = 273,108 contracts traded
30 Day Average volume = 176,485 contract/day
Today's Fair Price = 2798
So, today's fair price came up a bit from the 4 day average, but did not follow up with the afternoon rally, which increases the odds of a re-test of the 2800 level, either tomorrow or early next week. Tomorrow, we need to see the market accept price > 2818 (NQ Z2) upper consolidation level. If the market gets accepted below this level tomorrow that could be perceived as being weaker action going into next week. Having said that, today was a Wide Range Day, which increases the odds for narrow trading activity tomorrow.
