Interesting... still no 5th touch and sym triangle has room to apex...may explain why volume so light. For the record I remain short overnight...painful!
Where's your uncle point on this position? Although I agree with your trade in premise, it looks like you were a bit early to the party.
I was on the road today and had a buy limit at 2671, 3 point stop, 17 point profit target. That double triple (6 pushes against it) bottom buy at 72 kept me out while I was blissfully unaware. My best ideas are the ones that do not trade lol. Buy the dip mode for me right now.
Well I hope that it doesn't come to that, I was just curious how much risk you were willing to take on a position.
I am watching the trend line like everybody else. I don’t use hard stops which is a very bad habit. For this trade if we close above 2717.5 cash I am out. Agree I was early.
Question is how far can they squeeze this. RTY is within spitting distance from all time highs and another 5 - 7 trading days of squeeze could see NQ at ATH too. Hard for me to see ES and YM getting close to ATH in this cycle as they are lagging behind the other two in that respect. I'll be looking to play NQ if/when the rug gets pulled out. As of right now we got 125 ES points of downside ($6K) for it to retest lows, but 600 NQ points downside ($12K) for it to retest lows. If the lows are tested, NQ will see some huge evaporation down days similar to the 2/2 and 2/5 drops.