I feel fairly confident we'll take out Friday's High in Monday's RTH session. The tricky play be if we open above Friday's High as that means we're vulnerable for a sell back inside Friday's range. If we open gap down I'll be buying with both hands - assuming price confirms of course...
Bought this dip (4128). Will stop out for a small loss and re-enter as this can easily PB to low 4100 before higher. Target for tomorrow is 4150/75. I figure there's a good chance I'm going to stop out as I may be a tad too early, but there may be enough FOMO to keep this going higher even more without a PB.
And stopped B/E. Don't think I'll re-enter here as I won't be around to monitor. Hopefully, I'll wake up to a good bargain tomorrow morning at lower prices and don't miss it.
4135-4122 bt 12:30 EST?!!!! In a market everyone and their brother said was going up? Lesson for newbies in pajamas who read this thread.... if it looks too easy, it probably is. It's going down before it goes back up. If not, then it's REALLY going up. Via a 12 point stair-step. +/- Just an opinion, nothing more. ES---> 4127 You can go long and grab about 8 points, but I'd close there and go flat Miss the big move up? Perhaps, but by the same token, you won't get burned on a big move down. Base hits win the pennant. Tuesday will be another day. The algos are gaming you guys tonight. And they will always win the pajama game.
I tried long overnight which ended up stopping me for breakeven Went long again a little earlier on (on the NQ) Hoping to catch a ramp at some point. Will keep trying
ES reversed off Friday's Close for now. I'm sure this dip will be bought - one more time before any possible major reversal lower. But considering the extent of last week's major move higher I can easily see us pullback to say 4100 - 4105 first. NQ at overnight lows here. Let's see if we snap back up from here or not.
Two open gaps above on ES: 4158.75 and 4175. For SPX that's 4147.48 and 4164.07. That's what I see as short term targets to the upside.
And once again just now. I'm thinking the next attempt should take us above and maybe all the way to 4150 pre-market. I won't be greedy, today. If I get 4150, I'm happy for the day. Rinse and repeat if stopped. EDIT: And a 3rd and a 4th time. Won't be around to monitor for the next minutes, so moved stop to 29 as my B/E stop was inside a PB area. If we go higher on this leg I should be safe at 29. NQ weakness here is a bit concerning at the moment, though, so there's the chance we'll see a deeper pullback first after all.