I'll be looking for a buy on the Globex Open for the potential of a mini-rally going into end of month and FOMC on Wednesday. 5600. Initial entry will be on small size as I don't love the trade location and will rather take a small stop-out and re-enter if it dips further. Adding tomorrow if the trade idea is validated by the market. Looking at the charts it doesn't look very bullish right now, though. So, cautious.
L 07.50. Stop at 01. Target is 5600. Try again tomorrow if stopped. I'm not convinced we won't see a bit of a dip first, but I hope not.
Flat for a 6.50 point loss. Not surprised as I didn't like that trade entry at all, but knew there was a chance it could run. Flat for now and looking to see what transpires overnight before any further entries. It's quite possible this July won't close green.
Short NQ, risking 1 to make 3, multiplied by 100's I left the notes I posted here earlier with my bullish profit target. I think I posted that just as NQ topped, rolled over, and played dead for the rest of the day. Good chance that this is now a buying opportunity for you guys. Always remember that more money was made fading the flash crash than was lost during the 25 minute sell off. I do significantly better day trading for small take profits and smaller losses than I do trying to hit these for swings. But dammit, the gambler's fallacy assures me that I'm due for a win.
Delayed entry, but I longed 87.50 with a 2 point stop. May be too early and even wrong, but don't want to wake up tomorrow and see the market 20 points higher. I see the potential of 5600 tomorrow. EDIT: That's a typo there. 87.50 is the stop. Entry is at 89.50.
The Market is still overwhelmingly betting on a 18 September rate cut. That means rate cuts won't fully boost Economy until early 2025. Economy will crack more before then. Gotta think there'll be an Intermediate down trend or significant Dip before then.