Okay, this should make it interesting next Mondy. Rally or follow through. Although i said that I prefer a base to be built below 2500 that's tested multi days.
Just FYI NQ correlates with ES better than YM and RTY. The correlation may have changed some given all the things going on. But generally speaking 1 ES point = little over 3 NQ points. At any rate they trend the best together in my experience.
Good idea IMHO. Keep in mind that micro could be +/- $500 for the day given this volatility. Optionally, you could be trading SPXW options. With options you could profit from a neutral market whereas with MES you would need some movement to profit.
Nah, we need a retrace to build a base after an epic 3 weeks of selling we have never seen before. It doesn't go straight up right away. We already got back 20%, well 17% after today. Absolutely early to say coasts are all clear to buy with confidence.
I agree that the way ahead is probably going to be choppy. The coronavirus scene is negative atm but technically on the markets Thursday was the bottom according to my analysis. That's my call, Bottom!