Had an average day, booked over 1k profit but gave back half of gains in the afternoon drop. got back 38 out of the 60 points.
Inside Day and back to last week's high now. That breakout lost momentum. The last few times we had an Inside Day with a lower close we went lower the next day. I had pretty much decided that my trading week was over, but I'm tempted to short this when Globex opens. Not going to be greedy, but if that 50 level breaks there should be a few points on offer to the downside, IMO.
There will be nothing technical about tomorrow's move. It will all start at 0830 hours EDT with the NFP release.
Oh, I'm talking about OVERNIGHT, pal! Opening up in 7 minutes. ES is coming into a possible support zone here, i.e., 3750 and last week's high, but NQ's hourly is in the middle of nowhere. Looking good for a short, but need to see what it looks like on the open.
Ahh. Well for sure the momentum going into the close was downtick. I think you'll catch some more down ticks on the open.
The time to go short was on the close, to either cover once Globex re-opened or 1) decide whether to hold if it is a gap and run or 2) ride out the almost inevitable gap close. "Shorting into the hole" is a losing play more often than not.