NQ coming into that swing high from August 16. Does not look like it's stopping there. I'm not counting profits yet, but if ES can break above yesterday's high and keep running, what's to stop us from 4200 today...?
Did FED just announce they're re-starting QE or what...? Took me a few attempts with multiple small stop-outs this morning, but finally got a good entry and added a few on the way. Looks a bit overdone here, so watching closely for an exit now. Would be fun if we blow above 4200.
10 point pullback, but I'll say it's still a trend day for now. Moved my stop on that PB, but putting it back at 85 for now and will not move it lower one more time. Let's see if there's enough strength to move to 4200 from here or not. I have some confidence we'll at least come close to 4200 by the Close, but I don't have the stomach to hold through a deeper PB as some bigger players could easily sell into this.
Ballsy. Swing trade or day trade? Is that double top your trade rationale or do you have something else supporting this?
Been a while since we had a 2 % day up on ES. 6th of January this year. 1% up = 4214. 2% up = 4255. Coming up at 4200 now. I think we keep going.
Near vertical rise on NQ. Not too shabby ES, either. Maybe word come out that the debt ceiling issue will be resolved? I've no idea, but this is clearly ripping on both ES/NQ.