There's just not much to say at this point, that hasn't already been said. Readings haven't been this bearish in 4 years, like been commenting and all these pops news or not are just used for them to sell into new liquidity. If they didn't set this down move up months ago and likely distribution zones set up on RTY weekly, almost 4 months ago, than I could see taking pops / news more seriously. But just no point in trying to fight this, clearly larger players want out of the market not in, we still remain in the pattern of hunting lows, not hunting highs though and macro TA continue to rule. Literally the only thing bulls have going for them is the Daily chart is getting closer to being in a position where deep buys often come from. But momentum has been weak and negative for so long, the buy will most likely fail or be pretty muted in response and the pop will most likely get faded. I feel like I am beating a dead horse with my view at this point, so I'll stop commenting so much, unless there's something I see that makes me lighten up or change my view. Going to continue to look lower and favor shorts intra-day, unless bulls show some serious signs of life (not just fading 400 points and than rallying 200-300, that is not strength or even really a rally on a macro level).
Keep in mind NQ has completed it's hunt for the last lows. However, ES has not yet... so still risk to downside on NQ here. Looks like decent probability we would hunt for ES lows too (4263.25). Only 17 minutes left though in session.
Especially with the imminent Putin public address *apart from I forget the markets were closing early
@Buy1Sell2 Pretty sure this has been brought up before, nonetheless, 2 questions... 1) Are you still holding short? 2) If yes, are you trading a different contract month or trading micros for long trades? Thanks
& There it is.... we got @ 4289 .... Was hoping for another rip to 70... They did Heavies one better & pushed it to 90! I really hope You guys, Wiseman, got something off in that 70-90 window on the overnight session! That was a true gift....
.. best way to capture the overnite session is to offer out on the nickels or dimes right up to the Figure print at 00.
I'm currently short from 4772.50 at 3 times leverage. I use same contract for short and long term trades.