NQ filled it's gap and is now once again in the red. So if it's a leader, that is not very bullish, no?
Movements in NQ today have been much more pronounced compared to ES in both directions. Not sure how stable is the relationship in the long run though. Can anyone point me to some online/book resource that talks about how to construct and then how to trade spreads specifically regarding the ES-NQ spread?
first they stick it to the shorts then turn right around and hose the longs. mkt is a beautiful thing.
Filled for another 2 at 18,25. I think we trade down to at least 17, but it's a tough and choppy market so I'm gonna take it and call it a day. Normally, we should not have any trouble with a gap fill below, but in this climate, I just don't see it today. That is, I may see it, but it's not worth the risk.
Thanks. I got lucky. We could be seeing a long from here or 17, but it's risky either way, IMO, because of holiday chop and doldrum days. High risk/limited reward. I'm green for the day and one 2 point loss would eat into that. Also, I would probably not have another chance to make good on that loss if stopped, so I'll rather see what happens tomorrow. Good luck y'all!