Guessing down to 2680 now if that pattern has failed but think i'll only watch it for now. Been a dog fight for me today!
I do think my original call will play out with the day low coming in the last hour. It's just too easy to get caught up in short term and strong swings up - not seeing the forest for the trees. Trading all the way up to 2748 with momentum got me fooled - particularly since NQ seemed to be breaking out and was well in the green.
Not sure why everyone is reluctant to put on shorts at the appropriate spots... trade what you see.. not what you think... KISS = Keep it simple ...
We're scared of the FED and the PPT. How do you calculate your 50% retracement? Are you using 24/7 charts? I'm relying mostly on RTH charts, so I had mine at 41,50. I find them to be reliable most of the time, but I may start paying attention to the ones from extended trading hours too.
BOOM That's what I was witing for. Now watch it drop. Edit: I'm done. I took 135.27. wins a win. Edit... now it drops another $1.
Yup... Globex factors into the overall equation these days... It never used to be relevant but certainly is more often than not...