Unless we make a push lower come soon - we should see a new HOD by the Close today. 4040. Wrong if we drop below 4K.
I'm not an expert on NQ, but I don't think it'll print an Outside Day. So maybe it will be a drag on ES until it bottoms out above Friday's LOD and then we'll take off. (I moved my stop 2 points). Shit could still hit the fan here, though. Just playing what I think are the best odds moving forward for today's session.
Bear trap, anyone...? I'm sure that last thrust down suckered in quite a few late bears - particularly on NQ. Okay. I moved my stop 3 points. Not 2. Big part of why I don't like posting trades is that I'm fluid and posting the trade management is a pain in the ass. I will scratch B/E if we fail from here, though. Ready to add some to this.
Bears are f''ked now. Short term. Or do they have anything more left for today...? 4017 is the final hurdle here for the bulls. It could reverse this, but I don't think so...?
Grrr...thought I was safe, but that's a hefty pullback. Original prediction still in play, but shouldn't pull back much more than this for that to be in effect. Could turn into a late session sell from here after all.
Statistical data, i.e., price and time. No charts. Both pre-market (EOD) and intraday. Today's prediction was an intraday read of "the day today" at that point in time. I'm not the best at reading the micro moves, but I usually have a good handle on the major outlook for the day. I moved my stop. Again. Time is not on our side and NQ is a f''king drag today, so I will probably trail out for 5-6 points of profit if we reverse lower once more...
price/time as in market profile? are you using algo to assist you, or doing it yourself? I agree the bottoming formation was likely a bear trap the longer it took to fail to break down, but the prediction that we'd end the day above opening range intrigues me. Where did that come from?