Hungry dip buyers showed up. Still looks pretty good for a close above 4600 by end of session, IMO. New highs (> 4612) should be on the table too. Might chop a bit on the way of course...
Late session (last 1-2 hours) run-up for new highs if we haven't made them already by then is my prediction for today. A new LOD would be a surprise from here, but you never know for certain, do you?
I don't think going lower again would be a surprise for me. Depends of how low we will go the next hour. I just went short because that is at this moment the direction.
The quoted post was posted a few hours ago, I think. The picture changed some since then... New lows would be less of a surprise from here, but a close above 4600 is still the most likely scenario from my point of view. It's only probabilities, though. No certainties...
Only make 32 points on NQ overnight. 30 points is about 0.2% range, easily achievable almost any given day. not in front of my computer, can’t trade without charts. will sit out today.
Triple bottom in place. Looks good from here for the long side if we can clear 4597. If so - looking at least for 4607/8, but if momentum picks up we'll clear that level too and possibly see 4615/20 by the Close.
07 tagged. NQ picked up some momentum in the last hour, but ES lagged behind. As of today the 1st trading day of November is positive 5 out of the 6 last years. I'm holding a long I hope to close out at 09 before the electronic close. If not - stopping out for a profit at 4601 or otherwise were we are before closing.
Very high probabilities for a gap fill (4623,75) in today's according to my trading model. Need price action to confirm of course.