NQ Turning, R2K Pops, Settles Update
Nikkei heavy resistance
As we noted in our prior updates, we spotted a key passive algo starting on Monday mid day with a consistent sell into any and all bids that tried to rally the Nasdaq futures. This seller has continued and probably brought in a few of their buddies. Here is the same Algo selling program running into some very large bidders at 14350. The blue dots represent 1000 lots (total bid/ask traded) for the given bar:
The Bidders lasted for a short while from 12:30 till 2:30 but then you can see who won:
