1199.50 ES held. Markets giddy. I have no idea why. Even if we get say $350B, markets might still selloff. Reminds me of action before FED announcement. Pure gambling. nitro
No vote yet. NQ slightly under performing ES. I find that slightly surprising, but that is just opinion. 1182.xx SPX is support. 1210 ES then 1220 ES resistance. Sorry to mix SPX and ES S/R, but until the cash market opens, I am a little bit confused. nitro
AAPL downgrade is the culprit. Hmmm, appears to be a buying opportunity, but I would hold pat until we see how the market reacts to the bailout vote. nitro
The rubberband on NQ/ES is getting close to being a trade. If NQ is down this much, ES is lagging badly to downside. Too much uncertainty to put the trade on imo, but soon, it will be a layup no matter what. YM also out of line with ES, but not as bad as ES/NQ. nitro
FED injecting liquidity into markets. They don't want to lower IRs, but that is imminent imo. Expect .50 basis cut inter meeting if the vote lags. NQ will go ballistic. nitro