Yuriy Matso: NQ sees bull trap overnight and bear trap in morning

Yuriy Matso: NQ sees bull trap overnight and bear trap in morning
NQ bull and bear traps set stage

Yuriy Matso highlights volatile trading patterns in the NQ futures market, pointing to a bull trap overnight followed by a bear trap in the morning. Matso adds that if NQ moves above 29777, a shortsqueeze may be expected.

Earlier, Yuriy Matso observed strong support for NQ futures at 29000 and identified the potential for a shortsqueeze if 30000 was breached in a recent analysis of key resistance levels. He has also examined the historical seasonality of September and its possible effects on financial markets in a separate review of market trends. These findings add context to Matso’s latest comments on current trading patterns.

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