NQ appears to be weighing down on ES today. I'd say we trade back up to around 4290 by the Close, but it's possible we make a new LOD first as it's still early in the day and NQ is going nicely lower at the moment. If this range low doesn't hold, things could get loose to the downside.
NQ (which I'm still learning) is showing signs of a reversal. The current LOD on ES was a false breakout. Could be it below for today. 4300 is possible, but generally speaking not the most probable outcome for today, so wouldn't be expecting much more than 4293 or so if we continue higher.
the trading band is too narrow, not a good period to trade, at best 1 points scalping with 3 points stop, but it is is best to sit out until some news next week.
I'm targeting the late session rally to 4290 looking for a bottom above yesterday's LOD. I could be wrong.
Plenty of gaps below both on ES and NQ if the market rolls over from here. I would imagine they get filled soon enough. Interesting how NQ was leading the rally to the upside with ES barely hanging on and is now leading to the downside. ES down - 0.47 % today. NQ down - 1.59 %.
ES LOD one point above yesterday's LOD, but NQ is just too damn weak today, so we might see that Outside Day after all. Could still see a late session recovery, but hard to say how low this can go if we break below yesterday's LOD.
I know I haven’t posted in here in a while, but anyone trading at 10am est ? I was scalping the 1 min bars and that 10am bar jumped as if there was a news release even though there was no news. Had to be another countries Econ release. Made for a good trade though bc I was already looking short