Looks good for a run towards 3820 today. May go straight off the Open. 03/00 should act as support on a pullback lower if so be.
Treasury yields rose with stocks on Thursday after a report suggested President-elect Joe Biden plans Covid-19 relief of about $2 trillion. Biden’s advisers recently told allies in Congress about the cost of the package, CNNreported. Biden is expected to announce his economic support plans later in the day.
Last week's close / gap here @ 16,75. Let's see if we blow right through or if it can trigger a reversal.
Still range bound. Pops are being sold and dips are being bought. With today's high being tagged, we're vulnerable to the downside. But I still think this pops higher by the close. EDIT: That should say yesterday's high.
Although RTY is strong, I would have expected ES and NQ to be stronger. There is recent, intra session money flow towards defensive and monetary assets such as BRR, JPY, ZN, and SI. I thinking taking a shot on the short side on any thirty minute break to the down side, Risking a 30 minute high, target to be determined.
Powell is speaking soon, so maybe range bound till then. I think we have the LOD, but it does look a bit toppy here.
NQ movement today isn't as smooth as other days. Even though I got the direction right as usual, I still ended up to cut losses for few times. What a day without momentum in play!!!