I am not ready to lean on long bias only yet for intra-day. Remaining neutral and taking trades as they come, but do think it warrants being prepared to attack the long side very soon and to temporary ease up on being overly bearish bias. A lot of the meat has been taken out of this macro short on NQ/ES Weekly / Monthly. Easy trade would be to come up and go grab some of that short covering money as oppose to potentially crashing the market 1000-1800 NQ points lower. Going back to NQ 12200 at least, but realistically should get like at least NQ 12600 ish sometime next week, unless market is just completely dead and broken. It's bad out there, but not that bad yet, just how I am viewing it and handling it going into tomorrow / next week. Obviously tomorrow is pretty important we move higher or at least hold ground to give us a launching pad into next week.
This could also sneak up during the night here..... squeezing shorts but also making it difficult for new longs afraid to buy on an up pre-market in this super bearish environment. Don't typically trade overnight, but watching it here... EDIT: Got stopped out slightly above BE. I've got FOMO going on, plus don't typically trade AH. Just going to call it a night and get some rest. Hope everyone trades well tomorrow.
Yeah, no surprise here..... this was in the micro action last night, plus like said weekly potentially going into a buy signal based on momentum. Got a piece of the pie this morning going long.