Long NQ 9481.25 giving it some room
Second round of stimulus coming right up...regardless of the equity markets.We need another 20% plus pullback, crisis trade, to unleash the next round of stimulus and benefits. 2,500-2,600 es is in the cards.
Second round of stimulus coming right up...regardless of the equity markets.
https://en.as.com/en/2020/05/24/other_sports/1590352368_962074.html
Looks like the rest of the day will be fairly dead. Look at how price reacts after a really strong up move..... it generally just chops around in a small range for a while. In our cAse, a while could mean 5-10 days. Hope I’m wrong !
Now... back to the matter at hand.....
Tonight will see a big move in either direction. I'm not sure which. Common sense says down, but that's also the easiest trade. Which means up. This bitch should have corrected by now, but that said, it also should have spiked up nicely if it was gonna drop. Therein lies the quagmire. The whales are awaiting news. In the absence of, expect a huge squeeze.
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