Note that NQ has a gap at 2297, that should get filled above us tonight or tomorow morning. That could set up a pullback, but it also signals ES will eventually close the same gap at 1248.
Also, rule of 4 with ES and the 50 dma. we have had 3 hits (8/31, 9/1 and today). That means there will be some buy stops triggered the 4th time if we move above. Just anther warning for bears.
Also, rule of 4 with ES and the 50 dma. we have had 3 hits (8/31, 9/1 and today). That means there will be some buy stops triggered the 4th time if we move above. Just anther warning for bears.
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