Got chopped up earlier this morning. Currently nervously long from 3104 with a stop @ 3100. Moving slowly here, but internals seems pretty bullish. EDIT: Adjusting that stop to 3099. EDIT 2: Stop @ 3100,50. Could take a profit here, but I'm comfortable risking 3,50 points in the event we trade up to 3120 or so. EDIT 3: Screw it. I'm putting my stop @ 3104,50. May get stopped out on a retrace, but just not feeling it here. Will hold until 3120 or the Close if not stopped.
You get the feeling that this is a bit too bullish though - hence my nervousness (also because of the late entry).
The potentially bearish overhang is just how close NDX/QQQ is to the all-time high and how spastic it can get coming off of important resistance.
Has it (NQ) been weak / squeamish you think the last several days at times due to actual weakness in the group or just rotation? Or both maybe?
currently typing very nervously about how nervous my trade entry is, yes, full of nerves. Nervous me is very nervous because my entry has been late, hence my nervousness... Hope the trade works so I can start feeling unnervous again.
Definitely a 'creeper' so far. Not much happening, but no sell signals yet either. TICK is mostly above zero and other internals are fairly bullish too.