3160 some time this week sounds correct to me. Might have the week low in now. Pretty much expecting this to be a smaller range week where not much will happen. The joker is of course tomorrow. But will anything happen that the market has not already digested?
I got some short signals (ES/NQ), wasn't thrilled about them but entered at 15:02, looking for a selloff into the close (similar to yesterday) or a move back to the premarket lows.. But typically there's not much trending going on leading up to fed meetings.
Well, the midnight to current NQ range was 100 points today. That's always lively. I am thinking tomorrow is going to be even more lively. For me? Nah, I'm gonna' be...
Tomorrow's a non-event. This market is heading lower. If it was gonna move it would have yesterday or today. Sell any spike tomorrow after 2PM.
Ya, I'm gonna disagree, heading higher. There are no alarm bells ringing atm, cautiously higher, just slowly slowly, nothing spooking atm.
That's all Trump needs....another showdown with North Korea. He has enough on his plate....impeachment, the Fed, the Chinese, the farmers, 2020 election.
Were you trading in 2017 or other low volatility periods? It'd be wise to remember that we've had longer periods in the past where the average daily RTH range was at 10,00 points. I think ES is still excellent day trading wise. If I recall correctly (not at my trading computer now), yesterday had an RTH range of 17,50 points and 3 major swings of at least 10 points. Down, Up, Down. Approximately, there must have been at least 45 points on offer just off the major swings. Should be enough to keep most traders happy.