What was so magic with the 3328 level today in ES ? Market bounced off there twice at 13:55 pm and 15:35 pm.
Futures opened Asia Mon over 1% down, S&P gapped to 3,307 then continued to 3,289. $9.3k payday for me in the 1st hour of futures trading.
Downside looks promising. But we might recover as well towards 345. Currently short @ 298.50 TP 278.50. Let’s see ... However 3300 looks like a LT buy area. Either way currently Market POCing around 298. At worst I’ll try to get out on pull back. As UPside looks weaker than DOWNside.
I'm long Jun MNQ at 9751. So we should be good for another 1300 points down from current print. I am the only one in the universe that has this predictive power. I mean, it would be only a 20% or so correction. Everyone must fade me, stat.
Was bullish at first too. I expect a little correction towards 3340 (ES). 3300 looks like a LT buying spot. But this early tape tells me to short ... Good Luck.