What are you guys thinking regarding tonight/tomorrow?
I'm leaning bearish on NQ, but it almost seems too obvious.
Red flag. Of note however that eod run in tech on Friday was very low volume actually.
It sure seems like it should be bearish ahead of Powell on Wednesday.
I think we'll open down and chop throughout the night with the trend being down.
A spike out of the gate north of 4725 would be a good entry short I think on the ES.
I don't see it going much higher before the bell at least. If it does... I would really be surprised.
I'd use limits and keep moving them down but keep them about 9 points above the current price.
Catch a spike to get in on the way down. If we get a big drop out of the gate, don't chase it. Raise that limit to 17 points at least.