I dislike these strong gaps from a day trading perspective. Hard to go long right now, too. Holding above 3417/21 on the Open should be good for a decent long trade intraday. I just shorted 28 with a 3.5 point stop anticipating a pullback into and during the Open, but am long biased, so will stay nimble and ready to reverse quickly on buy signals. I think I'll be lucky to get 3420 on this one. EDIT: Make that 32 on the stop. Good luck all.
Stopped B/E on that short. It's tricky from here as we might pull back to 3420 before heading higher. Currently flat.
Yeah this is difficult. At least for me. Got 3419.25 ES and 11468.75 NQ That I am looking for. Still looking for a short, but don't see a good setup for it yet, can't find a good long setup either. Just waiting for something
I'm long 1 contract actually. Might take a loss on this one. My model suggests about 65 % odds we will hold above 3417 today. So, will probably hold my stop below that area or take a quick exit if I can. As long as NQ finds a bottom in this area - I think it looks good. But we're in a potential sell zone on higher time frames, so not very, very confident. Just mildly so.
If we have a top on the day we should be very close. If not - 3445/50. But deep pullbacks is the name of the game lately, so staying in long mode above 3420 or so. Any bears left in the building?
ES still strong, so maybe it just continues to bully and lift NQ, but NQ still looks like it will have difficult time here. So, I am still bearish on NQ. Still haven't taken a short against it though.