ES is holding up well above today`s 50%, but NQ is weaker and trading below 50%.
I would not be surprised if we head lower to test the 50%. A long at that point may pay off nicely, if we finish the day at the highs or at least test them.
The market is looking strong, so I`m not entertaining the thought of a short at this point, but a rather a long entry.
An entry now @ 1342 might be the best the day has to offer me at this point, but I think I`ll wait to see if I get 1340-41.
If I only could know if we are retracing around 1342, before 1340 or if we`re finding support here
If NQ picks up, I`ll probably take a long ASAP.
UPDATE: NQ spiked, but stalled at 50% again. Random or not? Almost chased myself into an early entry here
