I feel there is a good chance that we have a trading low on the NQ at today's low, which tested the April low. That sure was some rally to get us back from that low to where it is currently trading. If today's low doesn't hold, then I feel somewhere between the January low and the November high would be as far as this uptrend can bend before it breaks all the way back to where it started at the October 2023 low at 14858. With the gap open below 18500, I feel that NQ will trade up to that level, give or take a few points either way. To do that it will breakout above yesterday's high, which is also yesterday's open, which is also the open of the weekly Globex bar. That's a lot of breakout mojo that will be pushing into a possible test of 18500. I feel if NQ gets above and then stays above 18500, then Situation Normal, BTFD.
cl seems the easiest rolex trade, possible 2 bucks quick bounce with 3 contracts, drawdown to $68 max, easy money in comparison I suppose.
6 point loss on my baby short. Re-shorted 71.25. I may get rekted here. EDIT: Giving it a 5 point stop. It's only 5 micros, so no real harm done.
Long 69 close @69. Love watching the large orders push the shallow depth around. Short@65 cover @60:+20 Long @68 out 71: +12
You guys are crazy. Putting stop at 77 and a limit buy at 5205. + 23 points in two hours. Not very impressive all things considered. It's possible this overshoots and stop me out before turning, but I'd be mildly surprised if we don't at least test 5219 in RTH tomorrow before any move higher. In this environment it could of course touch 5300 first, but I'm hoping it won't for my own selfish reasons.