Type: Bullish ContinuationKey Levels:Resistance: 15256Pivot: 14812Support: 14512Preferred Case:With price moving above the ichomoku cloud, we are bias that price will retest at the pivot at 14812 in line with the 38.2% Fibonacci retracement level and horizontal overlap support to 1st resistance at 15256 in line with the horizontal overlap resistance and 61.8% Fibonacci projection level.Alternative Scenario:Price can potentially break pivot structure and dip to the support level of 14512 in line with the horizontal overlap support.Fundamentals: With US inflation report coming out today . It is essential for us to look into the inflation numbers. If inflation numbers go beyond expectations , fear of increased rate hikes will run rampant thus causing NASDAQ which is heavy in tech stocks to fall. Both fundamentals and technicals are in contradiction thus there is a risk factor in regards to NQ1!
Source: Tickmill