Almost there at the outer frontier of the chop zone. Think we will break out? Something inside me wants this day to be the 5th chop. Maybe because I'm also leaning more bearish than bullish.
Done for the day: Hit Max loss on 14 trades -80 tick. Turns out debugging is still needed. Missed some exits that should have been taken blah blah.... Also got code to deal with these types of days but it is not ready yet. Back to work.
A bit too late now, but I was bullish on today's Open targeting at least a pop above 50. I was uncertain by yesterday's close, but the recovery in Globex and the gap up open seemed solid enough. My view for the last week and a half is that we will at least close August with a nice green candle before any selling - if at all. What I've been anticipating that haven't yet happened is a pop to ATHs. Could happen tomorrow if this doesn't tank today. As usual lately, NQ seems to be the weaker one. Well back inside yesterday's range by now.
We have inflation data tomorrow, but barring a huge surprise, at this point it should not matter much... Oh, and last day of the month, window dressing, etc. September and October are normally bearish, but I think this year they're going to be "interesting"
Only watching at this point, but NQ was showing clues preceding this drop. It's just not able to sutain any rallies. While ES was still above yesterday's range around 14:05 - NQ was already well inside yesterday's range around the mid-point.