I'm going with @4419...does it happen in Globex or RTH? Anyone's guess...although I am sure Rickshaw hopes it ramps up in overnight...there is no denying his bias
One of the reasons I bailed on close yesterday was my ST oscillators being overbought in the context of declining momentum indicators:
Curious about that, too. Contract roll-over and liquidation of open positions could be a factor as well. I imagine MMs might want this higher by week end.
Moment of truth here. Seems heavy. This market just don't seem to find a bid lately... I was anticipating at least a pop / counter move higher today, but looks like it could flush lower, too. Buy zone for me here around 30, but ready to change my mind quickly.
Boom! Let's see if we can push above 50, unlock some buying and finally call this silly correction done with. NQ, though...
49.25 = last week's close. Only down 11.75 points on the week at this point. Are we really going to see 9 days in a row making lower lows...? Not my main bias, but wise to keep an open mind.
Don’t see much of value for me to get into today from a higher tf perspective.Seems like we were in a no mans land zone at the open. I’m in and out today with a bias towards 4470 before I stop buying