I'm long and strong here. However, regarding Ukraina, the latest which showed up on my local news feed is that an attack could be happening soon and that Norway is sending extra troops to support NATO countries in the East, yet I see in other media that "U.S. stock futures surged on Tuesday as a Russian news agency reported that some troops were returning to base a sign of decreasing tensions with Ukraine". So, I suppose my local feed sucks.
Yeah no idea. Steep drops are oftentimes precipitated by a nice upspike so who knows. I could tell by the action in the last hour or so that we'd get a nice pop tonight though. No idea if it'll hold or not.
Yeah the futures were drifting down nicely until Russia claimed they were withdrawing troops, which caused quite a spike upwards.
Agree on both counts. It may not get legs. Yesterday's close could have been a tad better for the bull case, but it was a weak close for the bears. Usually, the week low is put in place on a Monday in the event we do have a strong week up and we did trade below Friday's low multiple times without much action taking place, so that's my main view from here.
This is just a move back right to my Daily EMA on NQ/ES very common, regardless if market bullish or bearish. Really need to get above ES 4466 and NQ 14608 and than ideally candle close above, to get any longer term move. Interesting RTY continue's to hold better, per convo yesterday. So for me was a good hint not to be overly bearish yesterday.
I am not as confident as yesterday, do not have as high probability. Still looking for 14393 and 14369 ish below us at some point.
Both the NQ and ES have been stopped going up so far by the moving averages and the 50% fib level. Its where I had originally planned to open a short position but got FOMO last night when the indices were drifting down overnight.
Swing signals look very bullish. Swing or short-term bears will have to hibernate for few days. Good luck to those who get stuck with their short positions.