Not the worst close ever or the best. Still need to trade above ES 4380 and NQ 14275. Looks like we won't be candle closing above here today. Not a bad move from buy signal got last night, but from macro perspective still waiting on us to clear above benchmarks before I get too excited to long side.
I don't sleep anymore. I am now Cyberdyne systems model 101. These dead-cat bounces are not going to last. I should know, I am long.
Still having trouble getting over and trading above ES 4378 and NQ 14271 for any amount of time. Not looking to be overly aggressive here either way. Not very confident in this long yet. Going to wait till open and than trade from there. We are coming off a buy signal from Sunday on ES Daily and slightly (albeit small) improvement of momentum from yesterday. However, we're running out of time for this to produce upside, generally speaking longer it takes higher probability of a roll over. Ideally for bulls we would get solid up move today above benchmarks.
There's an IHS building on 30min and 1hr. I'm not suggesting anyone take it with all the current macro factors. just pointing it out.
Did they really give us 4400 on the over night session!!! Ooooofa Too quiet in here.... someone`s gotta grab the flag....
Well I was playing to long side looking for NQ to get above resistance. It got stuffed twice almost on exact Daily resistance.... sounds dumb, but I didn't really have a plan B. Just watching to see if we can recover now or if this buy setup is going to get completely ate and weekly chart takes over for more down. ES trading above 4299.50 which is good.