Don't be so sure. When was the last time Powell spoke 90 minutes before a NFP number that is "expected" to salve the huge disappointment from last month? It has never happened. Algos may go wild. Watch for it.
Tomorrow's options are holding up pretty well in price. Just means implied potential volatility. Could go either way.
4215 is a key level to hold here. Looking for a push to 20/25 from here as long as we don't dip below 4210 which would probably unlock 4200 below. Maybe 4230, too?
Been some very fast moves on otherwise slower days on ES lately. Or my software is lagging somehow. Got one just now on the 20.25 print.
Upside target reached as far as I'm concerned - the rest is just a bonus. A bit 'too bullish' right now, but we could easily grind higher from here... This week was a V / Outside Week. I'd be surprised to see us drop below 4210 today, so most likely a sideways grind / higher towards ATHs for the rest of the day. 8.25 points from ATHs. Enjoy your week end, traders.
My trading model was very bullish prior to market Open anticipating 4235 on the day, but we sold off (retraced) a tad too much instead. Generally speaking, the odds of new highs today at this point in time are not very high and the odds are greater for new lows. However, I suspect that if NQ can take out the HOD / Friday's Close ES will follow along for a move to 3228 at least. New highs can happen, too. Just don't seem very likely today right now...? Or what say ye?