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Very interesting how the market tanked as soon as cash closed. I went for a run in high hopes of finally getting my + 50, but was obviously stopped out. Need to look further into it, but I struggle to see the short side here for the week in play, so may go long overnight.

It's still hard for me to hold when the market goes against me and I'm giving back unrealized gains, but today was one of those days where my predictive model was very strong for a move higher and certainly not a drop. Yesterday I bailed too early, but today I've just been holding for this...

I was rooting for a sustained sell-off long term, so nothing personal to those who may feel hurt, but I fear the last brave bears will be carried out in body bags today. I hope I'm wrong, but fear I'm not.

Thanks for that reply. Maybe I'll pull up a few charts and look into NG. A profitable method on both ES/NQ can be to scalp it for quick 4-12 tick moves. It's hard to hold through long periods of chop when the market is going nowhere and seems like it's both selling off and rallying, but not...

This is a repeat of yesterday, IMO. Trapping longs and shorts left and right in this messy zone, but the direction is still long. We'd need to see a sharp drop below 50 to unlock any real selling, IMO. But even that could be a trap. Holding long here.

Does Powell know what an overnight high and a moving average is...? Just joking of course. :)

Care to share a few words about NQ for those of us in the dark? How would you compare/characterize it relative to NQ/ES? One of the things I find hard about ES and also NQ is the huge amount of back-filling. You really need to have some conviction in a trade and just hold it. I think an...

So far, so good. :cool: It would be out of the ordinary if we drop below that zone today, but considering the recent sell-off and elevated volatility, you never know for sure and the day is still young. Visually, this is shaping up to be a bull flag on today's RTH session. What happened so far...

30, 5, 1-minute RTH charts + daily/weekly/monthly RTH charts for ES/SPX. For continuous full session charts, I use 5, 60, 240. I'm trying to get better at using larger time frame charts in order to capture bigger moves and entering outside RTH. Oh. And I also have a faster volume chart which...

Pretty much same action as yesterday with ES stronger than NQ. My view is that we're basing out in this zone before the next push higher, so might be a choppy ride like yesterday. And I may VERY WELL be flat out WRONG. It's not an obvious short for me, though, so I'm holding long.

Entry trigger was an FBO of the LOD near my support zone. Still a range bound day. Need a decisive break above the HOD to find some direction here.

Longed 43. Will add. Wrong below 30.

No big thoughts for today. We're up quite a bit over the last few days, so might not be the best day to push the long side. Overall, I'm thinking we'll be protected on the downside around 4535/40 and will see if I can pick a spot for a long down here.

First exit consideration @ 4547. If no support, I think we get the full gap fill at 34. IMHO.

So, you basically repeated the same mistake as the last time you took a major hit? I.e., holding large unrealized losses through a market drop? I'm glad you survived and then some, but clearly this is a blow-up waiting to happen. Large stops will give you a high win rate, but requires only one...

Stoppped out for a tick on that one. Back in short @ 68 with a 5 point stop. Playing the retrace in this zone and potential reversal. EDIT: Took the stop. Flat and waiting.

FTT. Probably at least a retracement from here. Also an FBO. Counter-trend, but worth a bet.

And up we go... The bulls and Powell doesn't know or care what resistance/volume pockets is... :) I have an open gap above at 4654 which is my target by end of week if we get continuation higher. Nothing to do now, though, but wait for an opportunity.

I'm experimenting a bit with volume profile. Yesterday's late session move and continuation in ETH left behind a pocket. I still think the long side is the right side from here, but the R/R is not favourable from here. I think I'll be buying if we can go down to the 4520 area and we find some...

I agree that it's not the best spot from here, although this looks fairly bullish to me from my POV. A lot can happen between here and Friday, though.