Got the Outside Day. Still an Inside Week. Should see some expansion up or down by week end. Up or down? I'm uncertain at this point.
It's going to be a colorful week, you guys can have fun with it but there's one thing you might need to mark your calendars with that I'm sure has the potential to blindside you guys that is not getting any press. Thursday (Happy Halloween)... because of the election things have been compressed and it will be the largest Treasury Settlement date ever. Ever. Not sure how that will play out, but a lot of very large institutional traders will need liquidity. ~fwiw
I am thinking QQQ is running all the way to 510 this week. Most unstoppable market of our lifetimes. Nothing matters. Regardless of earnings this thing is pumping like crazy. Just sit back and watch this go to the moon. Long and strong. Easy $$$
In my Topstep copy trade accounts today's profit ranges from 650 down to 613. Tough day imo. I think I may be moving to single lot micros until something breaks loose one way or the other. I won't make much but I won't lose much either. And I'll still stay in practice.
Are you mixing it up with SPY/SPX? The most unstoppable market of our lifetimes is still trading below the high made in July.
It's breaking out to new highs. 8 straight weeks of green. Almost every day is green and when it's not there is never a chance it doesn't go right back up within 2-3 days. 4/5 day a week are green. That's a pretty unstoppable market. Come back by Friday when this is 510.
AMD up about 4%, GOOG about 2%, let's see what happens with the indexes after they publish. Edit: OK, both just beat expectations. If the earnings are good tomorrow and Thursday, we're hitting the big 6.