51 points on 16 lots, done for the day. Break out is unlikely today. I am a bit perplexed, ES and NQ charts look exactly the same on 5 15 30 minutes.
Slow motion crash. An Inside Day could happen, but most likely we'll take a shot at Friday's low now. Curious if we'll find a bid there or not. Might get the June Lows as soon as today.
Some bidding here, but no biggie. Haven't the dip buyers learned? I'm a late short here at 67 targeting 10 points. Tight leash.
Initial FBO. Will stop for a point profit here if this reverses and go long. Missed target by 2 ticks and got greedy. Will trail aggresively if we get another leg lower.
They got me for 1 point profit. Might seriously have to consider that scalping approach. I've had two trades stop me out for smaller profits that were in the + 10 point range unrealized today. Let's see if this can get legs. NQ showing some positive divergence today.
Someone wants a headline now. Someone wants to avoid it. I.e., June Lows breached... Could get some whipping back and forth here before either side relents.
To me looks more like forced short covering from the likely over crowded trade of people looking for June lows to be busted(basically same action / thing as last week). You know how they do it on a micro scale all the time as we get near a LOD people jump in and they move it up a little to clear them out prior to busting the low, same thing just on a larger scale here. I am pretty much only shorting pops, not going to chase it down here. Not the end of the world if we bust June lows and I am not short.