Not a good reaction at 12:10, internals have not improved on this bounce. Staying flat for now. NDX 200 dma is a battle I don't want to fight right now.
Maybe only 130'190, but we have been consolidation at highs all morning (130'140/130'160) and that has a lot of pent up energy. But it all depends on equities right here. NQ really fighting hard.