Thanks!! Also what was/is the QTR A down in US Bonds...I saw your posts last nite but wasnt sure if we pushed thru or just bounced off...
Mav since we thru but not confirmed the ES QTR A I am assuming we are thru AND comfimed NQ? How far below was the NQ QTR A? Just thhought of that especially since NQ on fire and AAPL etc... and NQ numberline has to be stronger as well
I am not meats trader but the Hogs back of the napkin numberline must look pretty negative comapred to other commods...? seems like A downs every other day? In just tryin to look at some of these mkts i slapped together an basic numberline the other day to try to follow you guys...not sure how correct this is...just thought i would share for discussion bearish most mkts us bonds hogs euro cattle bullish most... rbob nasdaq bp heating oil FYI...I dont have access to ICE or NYBOT mkts
NQ's QTR A up is 2730. So we confirmed. QTR levels are not entry signals though. I use them as profit targets and use them to filter out between other products. For example, if I wanted to buy one index and hold for the rest of the QTR, it would be the nasdaq because of the QTR confirmation. But I would not buy the NQ because it just confirmed the QTR A level. QTR levels are more big picture macro trades, not short term momentum.
I just wanted to do a round up on the monthly number lines on the commodities I follow. CL +15 ES +8 GC +3 HG -1 6E -3 ZB -7