Your guess is as good as any... I'd say the playbook I put forth this weekend is acting out fairly well so far, i.e., we'll see run towards 3900 and we will either trade back into that range or it will be rejected. So far, it was rejected as of yesterday's close and overnight action leading to a gap down open. The problem now is that with the FOMC statement coming tomorrow all this goes out the window. Regardless, even if we do rally, I have a hunch it will be sold just like the prior rallies so far in this bear market...
Hard to say, but I would pay attention to last week's mid-point in RTH. That's 3995. So, maybe 3995 ~ 4000 for an initial target to the upside. The larger target would be the close from last Monday, i.e., 4130,50. That's for ES by the way.
Yesterday was a weird and kind of funny day. Did short 1ct ES at 3872.5, it was a mistake as I was meant do MES, they are under each other in the watch list. Had a gain of $1400 on the trade and later in the day the market chugged higher and I ended up exiting flat at zero. My thought was ES/SPX would close low for the session, aiming for $2000 profit to exit on.
Did a NQ short. As I've done too often lately exited way too soon 3.25 pts when total move was 29. Fed on the brain made me do it.