The more I look a this, in the short-term, NQ represents value relative to RTY.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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The legal battle would not last that long. By the time The Electoral College meets, individual state legislatures would pick the electors and have them cast their votes. There's no requirement to have elections in the states to begin with. That's it for what I'll say about politics in this journal.
I am an intra-day trader, so 99% of my trades are from 9:00am ish to 4:00pm ish. That's why I post levels, entries and stops (as best as I can, sometimes market is moving too fast) as alot of my trades are pretty quick and have to do with temporary imbalances in the market, that normally correct pretty fast(intra-day).
Today I've been incorrect so far on NQ moving lower to at least 11468.75, but thankfully both the shorts I took worked and were profitable on a smaller / more micro time frame, since ES hit it's level at 3419.75.
So, it's not that I am necessarily super heavily bearish on NQ long term, I am just going with the probabilities that I see for today. It's that the larger charts are going to have a difficult time moving up and sustaining a long in their current position. I am not concerned about news or if I am right or wrong, I know the way NQ larger charts are it's not in a good position for a long so I am sticking to that for consistency.
So, this time I could be wrong as nothing is 100% and of course as mentioned ES is divergent and doesn't look as bad as nq, which makes me not as aggressively short NQ since all indexes aren't lining up for me.
Hopefully that makes sense, if you're talking about explaining the exact technical reasons why I have this current view for today, that's something that has to be done via voice and screen sharing. Not really possible to put that in words via text.
Inverse head and shoulder bottom versus head and shoulder top.
What does the chartists say?
What does the chartists say?
Inverse head and shoulder bottom versus head and shoulder top.
What does the chartists say?
TR if there is confusion. Sounds like confusion to me. 50/50 shot of BO either direction.
So, currently flat?
I was just commenting about the info you provided.
I just looked at the chart. BO at 11am. then went into a PB/Bear channel with a Micro DB. Looks like there will be one more leg up.
Currently seems to be developing into a TR. Lots of overlap and horizontal BS. So hopefully the leg up comes shortly.
Intraday signals were quite clear to move up ~1pm, but Fed's Kaplan destroyed it with his bearish speech.
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