HA.... I got in half an hour before NQ shot up for +100 pts. It's not a lucky trade though. Just some bone left to chew for now as bots are gone.
Currently have the same probability as previous days not much has changed. Even if we do get a pop the daily chart is in a setup that it will likely be short lived. We continue trading below support, momentum decreasing and still negative. I have 14485 ish as resistance on NQ and we need to trade above 14574.50 and preferably candle close above for bulls to have any hope of any type of sustained move. Those are my benchmarks to ease up on my bearish bias. Again though until bulls show something, I see no reason to not keep looking down.
FBO. We're close to Monday's Low, but I'm long from here for now. Risk going into this weekend goes both ways as we can potentially see a huge gap in both directions come Sunday's open.
Taking out the HOD 4403 should be the first hurdle above. If we clear that level - I'll be anticipating 4420. This day can still swing both ways, so I'm not going to pretend I know anything about how this will play out. Just have to pick my spot and go with it. The one concern right now is that NQ is leading lower ATM.
Stopped for - 9,0. Definitely on the wrong side of the market there, but someone was putting in a bid there. I still think we're in a spot that can stage a rally, but it's still too uncertain. Off to do something else. Might try a long again later today.
You might make some pennies scalping on the upside. Likewise, it's too risky to day/swing trade on the upside right now as PA is clearly bearish. *** Too late to type this post while preparing for doing something else ***