Today we are opening above prior days range and buyers have been responsive almost every AM for the last few weeks, for me, the first q is can we make it back to the prior days range and then do we hold the mid, we stopped one timing to the upside on the day time frame yesterday and I would expect continued two sided trading, As usual, it is suggested that you let the first half hour go and stay on process letting the algo set ups guide you and using key location to modify your bias.
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| NQ |
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| ES |
THE AFTER REPORT
What a day, the bond market made an explosive move and sent NQ hard to the down side while ES broke down mid AM and then rallied to close positive on the day. o first, great job in the room, no one was smoked to on the long side because as a team we recognized open drive lower in NQ and we were also above to grab the ES short , which trade wise set up much easier than NQ because it was hung up in the perfect location by the rotation out of tech and into financials, but when it broke, it broke beautify, When you get over or under an orange line on the charts, they are opportunities for major swings, then we need the rest of the pieces to fall in place. ES destroyed support levels once it gave way then killed them again when it v shaped. We saw the reversal but we did not execute on it as it came very late in the day, again, the biggest victory, not getting run over in either direction.
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| NQ EOD |
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| ES EOD |
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