Normally in my experience the spread ends up getting resolved more to the bullish side, not the bearish. Meaning NQ will tend to bring ES up, instead of ES bringing NQ down. Not saying it happens everytime, just my experience.
ES Journal - 2019/2020
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Normally in my experience the spread ends up getting resolved more to the bullish side, not the bearish. Meaning NQ will tend to bring ES up, instead of ES bringing NQ down. Not saying it happens everytime, just my experience.
L 2827
good point..
Hi All,
Long time lurker here, and I mean looong time (2008). It's really good to see the thread gaining some momentum as volatility returned. Of course, it'll relatively pale in comparison to the 2008- 2009 days with guys like Ammo, Nitro, Apex, etc all in the fold, but it's been great watching some solid calls being made.
I'm no expert - only started trading since early 2008, but hopefully I'll be able to make some contributions along the way. This market reminds me of when the market turned after the financial crisis. It was bewildering and everyone thought the market was way ahead of the fundamentals. Eventually people changed their tune and started piling on (FOMO) until we got to the crazy valuations we saw prior to this crash.
I've learnt not to fight the tape, I certainly don't have the fire power to do it. So I'll take the crumbs I can get from both the short and long side. I think we've ran up a good amount, and while I see some strength, I'm also sensing some sluggishness at this stage of the up move. That has forced me to close out certain stock trades (MSFT, ALXN), but I'm probably wrong on MSFT.
Good trading to all.
Long time lurker here, and I mean looong time (2008). It's really good to see the thread gaining some momentum as volatility returned. Of course, it'll relatively pale in comparison to the 2008- 2009 days with guys like Ammo, Nitro, Apex, etc all in the fold, but it's been great watching some solid calls being made.
I'm no expert - only started trading since early 2008, but hopefully I'll be able to make some contributions along the way. This market reminds me of when the market turned after the financial crisis. It was bewildering and everyone thought the market was way ahead of the fundamentals. Eventually people changed their tune and started piling on (FOMO) until we got to the crazy valuations we saw prior to this crash.
I've learnt not to fight the tape, I certainly don't have the fire power to do it. So I'll take the crumbs I can get from both the short and long side. I think we've ran up a good amount, and while I see some strength, I'm also sensing some sluggishness at this stage of the up move. That has forced me to close out certain stock trades (MSFT, ALXN), but I'm probably wrong on MSFT.
Good trading to all.
Throw all perceived fundamentals beliefs out the window just for a moment.
Market always does what is least expected, that belief will save your bacon.
At the moment mkt is bullish, ride it until it turns.
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