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Caching. It was closing gap trade (it was 1 tick gap at 1200 - in this indicator situation 99% trade.

Short 1201.50 stop we say 5 points, target 1200.25

My "intraday overbought" indicator setup suggest that it can go prior some consolidation just 1-2 points over 2000. I am very curious if they can consolidate enough quick so we can reach 2008 - I will be surprised I think it is not enough time until session end.

For today I expect slowly crawling higher eventually later doing nothing. However looking on daily I will not go long prior 97-98 - if this turns down it can be violent.

Do you know what is insteresting? ES is extremely intraday overbought but NQ not as much, NQ has room to go up ES need consolidate

I am from newer countries of EU, we are export oriented country. I second what is written bellow. Really more advantages than disadvantages for us. I think we will be quite happy with 1:1.

We ended on VWAP. If we immediatly will not bounce today classical pattern suggest that we will see 1135 before April end. Looks unprobable but we have few days do that work.

Over 48K contracts for minute, many minutes over 15k , nearly closed gap? Market is turning?!? Emg, how much you lost today with your longs?

What is the news? emg, in this volatility you should aim for 10 and not 1 point

From my indicator setup points the intraday oversold too much will be somewhere about 98-97 (this is valid for 1-2 hours it is changing). Long entry at that level is safe if no EOW (end of world) news is released. However up to that level it can fall easily. But short entries are unprobable...

I personally: 1. Never average if I try trend following strategy. If it does not work, I have always point (not hard stop) when I exit. 2. I start smaller contratrend strategy (usually just about 1/3 of position that is reasonable for my account). If it goes against me more than X points...

My prognose: If in this situation will be unexpected drop (jump) somewhere 4.05-4.15 (approximately 8-10 ticks or more) than Monday will be big red day.

R1 is still a bit high from point of overbought situation."THEY" can reach it but not stay above. It will be possible just at the EOD. I thin we will grind somewhere here may be with strong finish.

SPY R1 is 121.71. There are unwritten rules on overbought conditions those are violated on blow otf top only. Or we stay bellow this number, or we have blow out top. Of course, it changes with time so if we will hesitate here few hours it will change but for next few hours I think top is in...

If SPY will go over R1 I will be very surprised considering overbought conditions and volatility. I will try short ES is it will happen relatively quickly.

Ok, out at 2037.75 5 points is enough. Tortoise, any comments? Edit. I do not risk keeping position overnight with AMZN behind my neck - although I believe in much bigger retrace overnight.

Shorted at 2042.75 Stop 5 points. Target about 120.20 SPY or EOD

From my point of indicator setups falling to 96 looks very probable scenario.

I will short NQ when SPY will touch 121.

I think that just the boyz are amically discussing who has the bigger one...