Recap - got exactly what we were looking for. Ended up breaking prior day low and reclaiming. Strong set up for #ES_F looking for a 5915+ test with a potential breakout in store later this week.
Good trading day for me today. First trade was on the failed breakdown/recovery of 4475. Second trade was the original back-test of 4470 support but reversed to stop out b/e and then took the same trade to get a quick 10 point bounce, now done for the day.
#ES_F
#NQ_F now back under 13000, watch for a fail at 12750 for a pull back to 12000
#ES_F also in pull back mode, if we close under 4125 and #MSFT misses watch for a bigger pull back into May
If #NQ_F cant close over 13000 I think this furthers the case for a pull back on #ES_F. Expecting something like NQ to 12000 with ES pulling back to 3800 and if 12000 fails on NQ then we see 3500/3600 on ES
If #NQ_F cant close over 13000 I think this furthers the case for a pull back on #ES_F. Expecting something like NQ to 12000 with ES pulling back to 3800 and if 12000 fails on NQ then we see 3500/3600 on ES
Good follow through overnight to 3914. Need to see a bounce over 3950 in the first hour to see a push towards 4000+ otherwise the next target down is 3880/3875 #ES
Market basing up here around 3985/90 but on low volume. Expecting to see a pull back to the 3950 area but watch out for a squeeze to 4000. #ES#ES_F#SPY#SPX