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ES NQ Futures Trading
- Thread starter Jahajee
- Start date
I have noticed you and I often have very similar entry points on NQ and SP500. Was mostly short recently until this morning when I went long on NQ at about the same time and with the same target as yours! Took a loss. Waiting for reentry signal for now. Will go heavily short if NQ reaches 1445.
Quote from BuyLowSellHigh:
I have noticed you and I often have very similar entry points on NQ and SP500. Was mostly short recently until this morning when I went long on NQ at about the same time and with the same target as yours! Took a loss. Waiting for reentry signal for now. Will go heavily short if NQ reaches 1445.
I am honored to be in such exalted company, seriously. Well, both of us took a loss on NQ - but you are short ES, I think?
I missed this nice short trade in NQ, from about 1440/45, and it looked as if it would have rebounded so I could reenter.
But now as I look at the charts and hourly momentum it may not get up there -- so I am looking to short 1420 area. Would consider going long ES at about 870/873
I am hesitant to short the markets now, especially in the week before expiration and with the financials being very resilient. If markets were to bounce, test minor resistance levels and fail then that would give some good setups.
Also, I am not ruling out going long again since SPX has been stuck in 880 to 940 zone for a few weeks and could remain in here for the rest of Summer.
No, I covered ES overnight at 890. Was trying to game the little bounce up this morning but I should have stayed with the bigger picture which is SP500's head and shoulder breakdown. Looks like COMP and NDX has joined the breakdown as well this afternoon. Very weak technically. Yeah, I also held off new ES shorts because of strength in banks. But still not seeing a buy signal in indices. H&S breakdown is freaking out everyone, it seems.