Goodbye NQ 10,000

Discussion in 'Index Futures' started by Overnight, Jun 16, 2020.

  1. Overnight

    Overnight

    It was fun while it lasted, but that level will not be breached again until 2021. The psychology on that number is simply too profound.

    Think about it. It is a tick over on an odometer. It took a lot of time to get the YM momo from 4 digits to 5. Likewise it took a lot of momo to get the ES from 3 digits to 4.

    The NQ? We are really struggling to get it from 4 digits to 5. It is simply too big of a BRN to breach now. The resistance is there, in all it's glory.

    Mark it, dude.
     
    Last edited: Jun 16, 2020
  2. You think that money managers will stop buying stocks in the underlying index (those of which producing double digit improved revenues q/q and y/y) because they are too sensitive to see the nasdaq at 10k? LOL.
     
    Elji, _terminus_, InterMilan and 2 others like this.
  3. Nighthawk

    Nighthawk

    Let me bring it back personally back over 10.000 - just get my call options back into the money.
     
    BlacknBlue likes this.
  4. No don't sacrifice your account! You don't know what you're dealing with! The number! IT'S TOO PROFOUND!!!
     
    Axon likes this.
  5. maxinger

    maxinger

    upload_2020-6-17_11-20-33.jpeg

    Good bye to you you naughty 7 digits NQ.
    we don't like sooo many digits.

    Welcome back 6 digits NQ !!!!
    Please aim for 5 or even 4 digits because elderly folks have problem
    reading long string of characters.


    upload_2020-6-17_11-21-25.jpeg
     
    _terminus_, Overnight and BlacknBlue like this.
  6. maxinger

    maxinger

     
  7. Overnight

    Overnight

    Lol, you caught me, I had to save face and edit the post to say 4 digits to 5, not 5 to 6. LOL, pardon, I'm a bit weary!
     
  8. Overnight

    Overnight

    Yes. Nobody can stand it. It is too sensitive of a thing. BRN matters!
     
  9. easymon1

    easymon1

    we shall see.
    meanwhile - Trade On Gentlemen
     
    wrbtrader likes this.
  10. donnap

    donnap

     
    #10     Jun 17, 2020