I ain't arguing about the technology, which I also believe is here to stay (just like the Internet). It's this crazy market hype that knows no bound I have an issue with, and I'm pretty damn sure there will be a major correction coming. BTW nobody thought Tulip Mania was a bubble at the time. Only in retrospect.
NQ bounced to last week's low and stalled. Let's see what tomorrow brings. I was right last night but way early and even one NQ was too leveraged for me. I need to consider using MNQ's to swing overnight positions?
Wouldn't be so sure. ES/SPX did not yet take out last week's low like NQ/NDX. So far this year FOMC day closed red 50 % of the time. Today was the chance to salvage July and it failed massively. It's still possible July closes green tomorrow, but I wouldn't hold my breath. I fancy a short overnight for a nudge below last week's RTH low tomorrow. The full gap below at 5384 may be too big an ask tomorrow, but you never know. Let's see if we can get at least a nudge below 5430 on ES.
Shorted 72. 4 point stop. Already took a 5 point loss on a short on the Open. Just looking for a test of the lows at this point. Maybe I'm stepping in front of the end of month rally.
AMD had great numbers and MSFT rebounded on the CC. His entry doesn't matter. 6% loss in a week is meaningless. If the thing is up on the day he's won.