Nice bull day so far for some clean longs (relative to the other crappy days). ES trading above the 4305 for quite some time now.
We just bumped up against NQ daily resistance at 13821. Would like to see NQ stabilize above this like ES did above it's 4305 resistance and than maybe can get another leg. So far only minor pullbacks from it.
Ok, well got a 50 point move up on NQ, but now trading back below 13821. Think I am mostly done hunting long for now and just going to wait for FED. If anyone else seeing something please speak up.
that would be the smart play. hard to imagine there's any surprises out of the fed at this point, but this up move / squeeze has been nice.
ES just tested 4305 area again. Looks kind of bad and macro view still bearish I know, but this is a pretty standard pullback to retest resistance we broke above. It is possible this becomes support and provides some more up movement here prior to FED. Below that and ugly.
I am still expecting some type of move up here before FED. Just too easy of a move down here and to be able to hold short. Guess it's always possible market is so f'ed and just ready to explode lower, but generally isn't this easy right?
Outside Week already. Not trading today, but if the the current higher low pattern is breached to the downside - I'd say we're good for 4250 on the day. Could be a nice LRS here at 4306, but I'm not playing today.