So, Friday opened at all time highs, yet turned into an Outside Day closing at the lows. If Monday opens gap down at 09:30 - and not too far from Friday's Close, I anticipate Friday's selling will continue for most of Monday. Opening gap up - we'll probably trade higher from the Open.
So - that's what happened. Anticipating a gap fill at or toward 65,75. If we find support there or sooner - I'll be looking to enter long for a move back up towards Friday's high at 83. Main scenario for the day as of now. Good luck, traders!
Choppy morning. This trading range is tighter than a nun's ass. Leaning towards a long entry from here with a HOD target around 80 or so. Currently flat - so risky to enter in the middle here. Let's see what the day offers.
ES new highs - NQ not. Took a long scalp, but quickly got out prematurely because of that divergence. Looks like NQ is simply lagging though and catching up, but generally not a big fan of those divergences.
R10 and overnight high here. Possible we'll see a pullback here at 78, but too risky to short for me. Primarily looking to get back in long if we get a pullback.
I think it's likely that the HOD is in for today and that we pull back to 76 or so from here. My best guess for the rest of the day. Bullish for the remainder of the week though and it feels risky to bet against this market even for a pullback.