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Thanks. I have never really looked at RTH on its own before. I will keep an eye on it going forward.

I thought the week opened around 3593?

I thought the entire week was pushing higher for a big reversal today

Looks like it will stop on 3900 dead on

I wonder who plans to go long at this point before the weekend? Perhaps we will see a drop in the next 30 mins

Short now instead

Agreed, this is just a short term trade ready to go short again.

Going long NQ with a tight stop here. The 4 hours is oversold and has slowed down a bit. I will use the ES level 3862 as a stop.

Its that inverse head and shoulders that makes me think long, but still in the short camp for now.

Queen

Feels like the weekly has gone down quite fast, so I reckon a sideways week would make sense next. Straight down after that seems a bit too obvious so I wonder if we will see another trend line touch before going down again, if it does go down further that is. The potential inverse head and...

Closed now, will do it again when the market opens. Looks like it might creep up again. But surely the non farms news means the fed can go harder on interest rates. Yesterday looks like a pump ready for a dump today.

I opened an NQ short at the top there.

In my opinion it all depends on the ATR at the time, position size and the time frame that is being traded. Schizo trades short time frames so a tight SL makes perfect sense. I suspect you trade longer time frames so a wider SL makes perfect sense too. Personally I prefer to trade without a...

It looked like a pump and dump to me too. Even today just before the open it pumped like crazy to give everyone a better shorting entry while the herd bought into it.

It is more speculation around what will happen in the future and the macro behind it rather than denying what happened today. I had the best trade day in months but still ended up closing my NQ shorts too early. I was sitting on my hands waiting for today.

Good point. The super rich aren't spending anyway.

I do think this will happen too. I am just not sure it will help inflation the way the Fed thinks though. That $750k has to go somewhere, and whoever gets it will spend it on something that will potentially continue to drive inflation.

How about this: - QE funneled money to the rich only, and generally not the people who needed it. This drove inflation across the world. Even if someone who was poor received some sort of covid relief money, they paid it to someone who was rich. - Inflation continues to increase because the...

"they"