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Why is big tech (NQ) holding back here ? Is it valuations ?

I see they took out the Vee-Zee Top pretty easily.

Be careful of exactly who you address this to....as there are some delicate egos participating in this thread.

Very impressive performance by the FOMO crowd today. Every dip since 3 am was bot. Bears had a brief opportunity at 2:30 pm today and that was it. ES 3000 looks imminent for next week. Have a great long weekend everyone !

Asian markets were way down....Hang Seng was down 5%. Europe was level....thus the 3 am rally.

Which book was that ?

Anyone playing the 3:50 pm MOC lottery ?

They already left for the holiday. Only the bots are left.....LOL !

But 39 held. Every dip since 3 am has been bot by the FOMO crowd.

Last hour should be interesting.

Scalping, anyone ?

Well, the FOMO crowd woke up from their afternoon nap and bot the 6 pm open. Straight up for both ES and NQ with no significant PB's. Is this short covering or the start of the move to 3000 ?

Man, did you nail that exit or what ? Well done !

However, The Fed is buying bond ETF's. https://www.cnbc.com/2020/05/12/the-fed-is-starting-up-its-program-to-purchase-corporate-bond-etfs.html

11 pts down in 6 minutes.

Fed chairman Jay Powell speaking in a few minutes......watch out ! https://www.reuters.com/article/us-usa-fed-powell-fedlistens/fed-chair-powell-gov-brainard-to-host-fed-listens-event-may-21-idUSKBN22O359

PA for today: Vegas, Baby, Vegas. https://www.imdb.com/title/tt0804722/

Yep. Keep pouring trillions into the system till the US dollar is worthless.

What happened to the FOMO crowd ? Did they sleep in today ?....LOL

Zandty - It was an incredible call made over 4 months ago. Indeed, the market has turned back from that level several times. However, given this raging bull market, I'm afraid that level is going to be taken out as the ES market clearly has it's sights set on 3000.