I'd like to see NQ get to 12009.75 or 3499.75 ES. Than get a signal long. Anything you're looking at in particular?
Not really. Today is one of those days where I don't have a very strong read either way, but I am anticipating a LOD for the day around 3495/3500 and a rally above the current HOD and possibly all the way to 3540 +++. The other scenario is that we'll actually see sustained selling below 3490 and go all the way down to 3470. But I think that's less likely today...? So, in summary: Long biased. EDIT: 3495/3500 would be the lowest I'd see us go if today's an Up Day. Might already have the LOD here @ 3507,25.
The general area would clear a leg of overbought on ES is 3499.75 that's often where they base it and than take it back up. If that didn't hold the next leg of overbought to clear is at ES 3467.50. I am also long biased. So, fairly similar outlook today. Been taking some longs, off of smaller charts, but taking profits quickly since the above mentioned scenario. NQ picking up some nice momo here. So, may end up missing the big turn, but not going to force it.
The key now is breaking above and staying above 3525. We rallied 210 points without much of a pullback - so pulling back a bit here ain't no big deal in the grand scheme of things. IHS in place now as long as the current LOD holds.
Yes, they are loading the bus on NQ, but ES still doesn't look as good. Should get a directional move here very soon. I'd prefer down, but can't control that and currently flat.
So, we all know that Trump is probably desperate to do what he can to lift the markets going into the election with whatever means he have at his disposal (Twitter, official comments, etc.). Equally, do you guys think it's possible that other parties will try to influence the market in a similar fashion? I.e., parties that want Trump re-elected will want a higher market while his detractors may make an attempt at driving prices lower...? And that such parties may directly intervene in the market to that end?
Ugh, too much bid in NQ currently, wouldn't let ES pullback to where I wanted. I jumped in long on NQ, don't really have a target or stop on this trade, they probably take NQ back to 12191.75 ish eventually so just going to see how it plays out.
Ya know B1 has me on "super-ignore". Thats when you use this thing in your settings and you checkmark the box. Then the person you put on ignore can't see your posts. So I can't see B1's posts. But I busted him last night. When I was writing that post all the sudden I could see his posts, which means he took me off super-ignore to see if I had posted anything on this thread lol. Of course he'll deny this, but sorry B1, I gotcha buddy. I gave you that like on this post. Couldn't have done that if you hadn't taken me off ignore to see what VZ was up to. BUSTED! But I'm flattered. But B1 if you're gonna read my posts anyway.... (?) Oh well who cares; like I said, I take it as compliment that you're covertly reading my wisdom. Its a little odd though. Whatever. You're odd anyway. _________________________ On a more important note... I'm done with Square today ($SQ)... but if anyone needs a quick scalp, its setting up right here at $190, sucking in all the shorts, for a big jump later today. I think its got $2 more in it easy. Probably more. Use a tight stop though, because if it starts down its gonna drop fast.
There was a mention on Bloomberg TV this morning indicating that markets are likely to stay elevated up till the election. I am not sure why, but I think it's the likelihood and expectations of a "blue wave".