I will take 10 points off this trade no matter what happens. If this goes to 50 I will be pissed, because I had 2 contracts on from 08.75 which I exited on a trailing stop at the Open. If this trade works out it's partially skill/luck. I could have easily been stopped out on those violent counter-spikes, but it came within 1 point of my stop and I managed to hold it.
On a macro basis, we have made an initial puncture of 3806 to the upside. Hopefully, it will hold as new base.
We're very much overextended here short-term, so just going to lock this in. Clearly there's a lot of buying today, so who knows how far this can go. 3850 isn't even 1 % up.
Closed it out at 46 for a 29 point gain. This could still run higher on the day, but why risk giving it back as we're due for a pullback and hit target.
I'm pissed now because I had 2 contracts on from lower prices, so I should have made the over the double. But I guess I shouldn't complain.
NQ Cumulative Tick has been heading south since 10:22am EDT being a drag currently. I have DeMark breakout levels that lined up @ 11131.50 and 11133.75 HOD currently 11138 If they give way should rocket higher which likely will turn CumTick around. If not might be all we get this morning.