The NQ in the opening sold off from initial res 7449 area and bottomed around 7322 at that time the ES held up well at initial resistance in the 2816-18 area. The NQ reversed course and took out that res and high 7355 and made a run to 7272.5. The es shot up to a high of 2824.24 right around the 78.6% retracement from the 2835 high to 2791.75 low. It was a bit tricky with the NQ giving so many false signals relative to the ES. Ultimately they both rolled over (short term). Banks are holding up OK, the market is basically coiling here.
stephenbalsam 1 Minute
Published by stephenbalsam
I have been trading electronic emini futures since they started . I have trained 100s in the method I use. This blog is just informational purposes and TRADE at your OWN risk! View all posts by stephenbalsam