And 30 points it is ... and perhaps still counting. I used to love these gaps because no matter what you had a good trading day - maybe an easy trend up or trend down day, or a wide trend range day and the market chopped back and forth but it didn't feel like chop because the swings were decent. If this is like the last two weeks, there will be a ton of NQ volatility the first 15 minutes, and then a slow death for the rest of the day.
Well NQ and ES are close. Maybe the 4am call was off, but they are up overnight. The easy money has been made. Buy the cash close....go to sleep....wake up ring the register....
Now with earnings season close to full bloom, you need to be careful with big spikes in either direction. Sometime I use QQQ or SPY so I don't get taken out with wild stop hunting expeditions overnight.
Support area that we need to break through to have a shot at legs on the downside today is 2905 area. I'll be watching that area closely.
It might be lonely down there, what with all of us playing around in the 2920's ... don't be anti-social, B1. Come on up and join us!
Looks like ES is headed to 3000, NQ to 8000, and the ole Dow to 27000. Buy the dips and sit tight ...if you can.
How I would love for that to happen. 3/11 I think might be the last one we had. Most of the overnight buying since then has been met with day time churning.