Close above previous support 28781.
Now we look to the retracement size of this bounce and scout either a falling wedge or inverse head and shoulders.
ES clean bounce from weekly 12ema, NQ came just shy.
Weekly bull flags on the table.
Today's bear move rivaled the sharpest moves during the covid dump on a percentage and time basis.
6/9/26: 5.43% in 4 hourly bars
3/16/20: 5.71% in 4 hourly bars
3/13/20: 6.31% in 4 hourly bars
$NQ
@PurpleDrink_LLC I had small 40C on SQQQ
But the deadcat Thursday fucked those. From bottom Friday they went almost 100x. I think I got a Double out of them....didn't do Shit for the P&L
SPY ratio charts are showing proper rotation into XLV XLF XLI and XLB.
Been scouting these ratio charts for a character shift, they are all getting it today as semiconductors pull back.
Flash in the pan or a more meaningful shift? Time will tell.