I know this is ES journal, but I like to look at NQ or RTY to figure out what I want to trade and overall market direction. RTY looking more like completion of A-B-C with that 1490 area as support.
No 3310 intra-day, at least NQ went back to the lows. Looks like they're saving the bigger down move for the debates, so will happen without me.
I think all market commentary is welcome. At least when it comes to the US indices. I'm cautiously bullish for the week, actually.
Fair enough, I could see this week finishing high / higher for sure particularly on the NQ, but I don't generally look that far ahead, since I only intra-day trade. But for tonight / tomorrow I'd be surprised if NQ doesn't fill in at least 11210.50 and possibly even 11053.25. That would ease some of the overbought conditions and than allow for a strong finish of the week. We'll see what tonight / the debates bring and trade accordingly tomorrow.
Tuesday according to me was a weak rollover of another minor top. This week am expecting further weakness. I hold short positions and have stopped buying longs.
I can't believe I just heard on the radio while I was driving that Trump made about $200 million in fees from the apprentice and another $200 million or so in endorsements, yet he is still in debt several hundred million dollars . This means without The Apprentice, Trump would be down 1/2 to 3/4 of a Billion dollars ? Omigosh, if that doesn't kill the people's confidence in Trump, I don't know what will.
This would... Chances of it happening tonight are kinda' slim though. I give it a %.00000000000001 chance.
I can't believe the futures aren't already up. Pretty sure you can get long here at this level. 3337. Just be ready for a head-fake down. As I was typing they jumped 3 points.
Yeah Zandty.....the 13 point straight-up move right after the 4 pm close was quite a tell. I don't know what it's gonna take to kill these relentless bulls.
Don’t see the debates having an effect on the markets unless Trump intimates more stimulus is certain.