Will be surprised if we make it above today's midpoint which is also where the weekly VWAP is sitting.
We're here now. Nothing surprises me in this market. After the morning dump - it's been tough shorting this market, but there's been two (counting this one as the last) epic one way long pumps. Let's see if it stalls here or if we continue pushing.
I do think however we get 2 or 3 bearish weeks. Not crazy bearish, but risk-off bearish My mind blows if we do proceed upwards, but indeed, we shouldn’t be surprised
If there was a day the market could have sold off (it did) and stayed down - it was today. Let's see where it closes first, but this is looking only too similar at this point...
I just went flat on a long here (trailing stop at 77) and locked my account to avoid doing something stupid. Should be interesting to see where it closes. If NQ gets back inside yesterday's range here, too, I wouldn't be surprised to see at least 5800 on ES.