16 is lower nip on dec spu's cash,need to hold that if we are going to downdraft..was thinking no cliff resolve , run for the exits today,trading what i think rather than see..edit reduce 13..flat 14 5
daily SPX, trend line broken. need confirmation of another lower high from most recent swing high. i'm sure bernanke and gang will do there best to keep that from happening just like the last 4 years.
Update. Using a 3,5 point filter, ES had 30 swings this week during RTH. The average swing was 6,0 points. The largest swing that did not retrace more than 3,25 points was 12,5 points. A total of 4 R10 swings. The rest was distributed mostly between 3,5-7,0 points. Volatility is drying up. Will next week be different or worse? There are still swings to be exploited, but not the best conditions for a day trader right now, at least not for one like me. I need to reduce my profit targets.
long NQ 2633.5 average price going full leverage - all in here Either it will be a big day or a very bad day
I`m considering a short at this point. ES is strong, but NQ is still below Friday's low and meeting resistance there. ES at AH high here and stalling. Waiting for a clean break.