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ES NQ Futures Trading
- Thread starter Jahajee
- Start date
ESU9 high of 948/950 possible today
Will close QQQQ August 38 call
"Despite the extensive gains posted during the recent streak (S&P +7.7% this week low to high, Nasdaq 100 +8.9%, Russell 2000 +10% -- best week for market since last March) profit taking pressure was limited in scope with the Nasdaq 100/Comp able to extend their win streak to eight while the Dow extended its to five. The question is not whether we will see a correction next week but if we will see follow through prior to it beginning. For early next week if the S&P can maintain a posture above 935/934 there is potential for some further upticks. Resistance above Thursday's high (943) is at 946 (June/8 month close high) with the June peak at 956."
Will close QQQQ August 38 call
"Despite the extensive gains posted during the recent streak (S&P +7.7% this week low to high, Nasdaq 100 +8.9%, Russell 2000 +10% -- best week for market since last March) profit taking pressure was limited in scope with the Nasdaq 100/Comp able to extend their win streak to eight while the Dow extended its to five. The question is not whether we will see a correction next week but if we will see follow through prior to it beginning. For early next week if the S&P can maintain a posture above 935/934 there is potential for some further upticks. Resistance above Thursday's high (943) is at 946 (June/8 month close high) with the June peak at 956."