I had expected a move to 4350/75 in the next day or two, but it wasn't to be---at least not yet. Instead it was C2CLB&T
NQ did get within like 80 points of it's relative low last night. That's fairly close considering the range on the Daily chart, close enough to consider it a retest of the area for me personally. Still leaning bearish bias, just don't want to lean too hard on that given the above information, be flexible and just take setups as they come. Given current setup it wouldn't be overly surprising for us to still have a few more up moves left in the coming days. Got a little too aggressive today, it worked out ok, but want to get into the habit of letting it come to me. Not forcing it.
Literally sideways for hours since I posted this. Could still be valid but its taking hours to decide either way.
Came to the same conclusion. Took a YM trade off of it around the same hours. I'm not marrying any position and looking towards risk aversion for the longer tf during these times. Hard pushing in either direction is too much for my faint heart and more importantly my bank roll.
Yeah playing out as expected, looking for bearish divergence shorts here so far. Going to attack some of them. Take profits fast as of now. While seeing how this builds out.
Best way to be. However I am leaning bearish right now because we are up against some strong resistance here and the markets have already made a huge move up