NQ is the one I'm watching now as it is starting to lead. Looks like we could get some continued upward movement but stay flexible. Again, operating with assumptions which could prove to be incorrect. Just trading what I see for now.
Thanks. I like to predict and plan the day ahead. At least roughly. Today was one of those days where I had a very high probability (80 % +) of my main scenario playing out. Yesterday it was more of a mixed bag, while slightly favoring the down. Usually, it's a matter of conditional probabilities. So, if something is not clear at the Open, it might be more clear after 1 or 2 hours have passed. I captured a decent take this morning, but now feel like I took an exit too soon. I still think there's more upside potential, but I don't want to buy here either as I don't like the R/R at the end of this major swing and it's less uncertain after the marked moved this much. So, will probably call it a day.
A pullback to 3348/50 might be a great long entry. But as bullish as this market is today - we might not get that much? Definitely looks like 3377 is the target for today.
I over slept which is rare, but looks like we cleared the the minimal requirement for the overbought on the NQ and also the ES and than market rocketed up. The levels you posted for ES, we're means reversion / overbought levels that I use for targets when a sell signal is generated. Are you using something to mark them or just manually calculating them based on experience? EDIT: Meant to quote more this is for you @Laissez Faire
Since this is ES thread, here is what I'm seeing. ES testing prior high. My best guess is we push through but stay flexible.
3353.50 would be a possible pullback area, but that's a secondary buy and I missed the initial buy so should of already been long. So, not sure I'll take it.
S&P rallied right into that gap area. I lightened up on some of my positions I have added along the way but still holding some from last week. Still operating under same assumptions, though.