GM All: No trading today as the algo code is not ready for the gap day. Yesterday took a loss but have corrected strategy. Easy fix. Spending the day working on the code Looks like a great day to manual trading! Go get em.....
If ES starts moving above 5800 - I figure that was the LOD today. NQ is leading higher now... Maybe the bears had their 90 minutes of fun.
RIP bears. You had your fun. Of course, during heightened volatility - this type of counter leg before the next sell would be possible, but I think that was it on the downside.
The predictive model which signaled this short indicates 5820 from here - with a small chance of new RTH highs on the day.