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Long 3845.25 tight stop

action packed week

Huge Volume on NQ, large down trend day potential

I dont see anything bearish about it. Maybe its some good consolidation before the next thrust to the upper line. A 10 to 20% pull back would also be great to continue the mania

Treasury yields rose with stocks on Thursday after a report suggested President-elect Joe Biden plans Covid-19 relief of about $2 trillion. Biden’s advisers recently told allies in Congress about the cost of the package, CNNreported. Biden is expected to announce his economic support plans...

I expect by mid February the UK variant to be the dominant covid virus circulating in good numbers 30 million would have recieved the first jab. USA with 50 million over 65 & further 15 million with underlying health conditions it does not look good to outrun this freight train

I think most of that is factored in. Near term maybe some acts of domestic terrorism leading to 20th inauguration, could see 3700 if that occurs

What specifically, what do you expect

NQ seems to have much better structure for a move to the upside, would want to be long both on when NQ breaks above YHOD 12948, Until the looking for ES to find a bottom 3760 to 3775 , else we are going much lower Edit:10:11 ES Bounce looking more bullish - than a possible down trend day Edit...

@B1S2 I think 2021 would be well started with some pardons o_O

It has been my experience in the last 15 years, when such a golden nugget of wisdon is shared on ET it is about to stop working. The bear market is nigh just joking, although some truth to it ;)

Breaking: US Nonfarm Payrolls decline by 140,000 in December vs. +71,000 expected unemployment unch 6.7%

Non farm payroll today sees forecasts of 60K jobs being added and the unemployment rate ticking up to 6.8%. With disappointing numbers, looking to buy 3780 level

Saudi Cut is prolly in anticipation of Iranian crude supply coming back on the market, Biden will roll back sanctions. My guess is they want to keep crude in the $35 to $55 band, with all efforts to pin it at $50. US Shale production has also increased 1Mbd from the July lows and thats just...

Last weeks low

Upside target would be 3714 an we may overshoot to 3720 before a retracement back down - Watch for the strong reversal before any shorts

stopped -4.5

Long 3673.5 stop 3669

ES 3670 might give a 30 pt bounce

So pissed I missed the short, might try a short at 3710 level selloff would not have been so rapid if not for the UK Covid Variant news