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NQ skipped 200 period EMA. Big NO NO in bear market. There is no doubt that they will return to it - question is just when and from what point. But it looks tested at 10:00

They skipped all averages. Last time is market very "honest" and they need to be taken in open front attack. Not speaking about second gap. I believe the moving averages will be tested from upper side. Today or tomorow - not important. Time to look on good shorrt.

At first is needs somehow traverse 200EMA on daily bellow 1850 and stay there. All attempts to do it during past month immediately resulted in return bellow 200 EMA next day.

Interesting is that in the morning was NQ leading and now it is attractive like skinned carcass.

Not speaking about NQ that has both 20 SMA and 200 EMA right over head.

Problem is that big up day or ADU after big down day usually does not start with gap up lately I can not find one example. However it moves up so easy - like athlete not like 80years old what is standard last months I really do not know what to do ...

Jayford, you do not understand this concept correctly. It is not trading without stops, it is trading without hard stops. I am trading same way. I have "game over" stop that is large as my average one week profit. It was hit twice this year.

At first there is 20 day sma on daily. At second there is 76.4% fibonacci for this decline starting from end of April. At third it is round No and today is not stong trend day it will be bellow S2 and it will be 3d round no that we are crossing. In principe we are heading higher in close...

Multi reason resistance around 1960 looks very strong to me. I expect it will be not broken.

If I understood it correctly they cancelled or lowered intraday lower margins. I believe the outage was made change the software.

I really think that they want make green hammer.

without problems. I do not know where we are moving but we are moving easily. This is not panicking waterfalling. Volatility yes but controlled so nobody can easily take position. I think they want build plateau at 1240-50

Looking at crude, gold, euro and bond action it looks to me that we stay in chop or go a higher but not a lot (next few hours).

Thats Pekelos speciality. All Day Up. But he can be correct. Its time for Adu after that big down move. Crude and gold are well down so moves today needs to be "taken seriously".

I think bigger problem for equity traders is ECB and probable rate rike 0.25. They can not react to it. If ESTX will fall it will take ES with it . Normally follows but in such situation will lead

Long NQ1954 stop 1939

Because we do not look bouncing up here I expect test 82 and from there up. NQ 51.

There is usually big up day in first week of new month. However it is usually running up like mad from begin. It does not look like today. Btw, may be Israel Iran rumours and 200 daily EMA resistance above NQ making rally difficult.

To me situation looks like: Market was falling down Wednesday and Thursday it turned up - like everybody expected for bigger leg up. Everybody - in equities - went long on Wednesday session end and added during Thursday. On Friday it went down and shaked everybody out. Nobody went long on...

After recent ESTX 50 big fall few minutes old if on ES will be down day during RTH that ESTX will get close to values when the rogue trader was active. US indexes are in present time still enough far from March lows under normal development but Europe will test it early I think. Monday?