Very tiring first hour. Probably the toughest 2 pts I've had to make all year. The test of yesterday's high leads me to believe this is going to be a inside or narrow range day. I don't see much energy to go up or down right now. Normally I'd be buying at 1042.00 but I just don't see any buyers moving the market. Time to do something else for a couple of hours...
Draw a down trend line using the HOD on the 15th of Oct and the HOD for the 17th of October and you will see where we sit...so I am not surprised by todays action so far.
You'd have to use yesterday's highs for the "pivots", i.e., price S/R rather than the calculated pivot levels. That would have been worth 7pts on the NQ.
I'm assuming that's from a buy yesterday? If so, do you hold stuff overnight frequently? It would scare me no end to do that. jd