And voila. 4200 tagged on ES. Not much happening yet, though, but NQ is nearly back up at today's high now, so it's shaping up well for the bulls. Like @Buy1Sell2 would say: I see no obvious reason to be short here. At least not yet.
That was an initial failure to breakout above 4200. NQ new lows. ES still range bound. May try another long as long as we don't make a new LOD, but obviously it's not playing out as expected(hoping?) so far today.
Range bound day so far. At 17.50 points this is the smallest range so far in 2023 if we don't see expansion by the Close. The initial breakout failed as it often does, but on the thrust lower we never made a new LOD and barely dipped below Friday's Close / HOD. NQ also reversed nicely and is once again trading above the Open. I'd say we make a new push above 4200 and that it will possibly get legs this time. Still looking at 4220/4230 if we start ripping. Anyone seeing anything different?
If we get a 4220/30 print today, I might take the week off until Thursday. Hard to see us moving much higher than that pre-FOMC, but I could easily be wrong on that.
Not much happening up here. I re-entered long, but after scratching out the prior two which was in good profit at some point, I'm not going to let it happen a third time. I'm probably in the pullback zone here and could get stopped out on noise, but since I'm not extremely confident in higher prices it seems like the right thing to do.
personally looking for a multiday run up to 4300. but the vix is now lower than pre 2022 bear market, and we might not have the implied vol to get there, or it may take longer than expected, so I fear this might be too greedy. the high speculative short interest despite the low vix is also puzzling to me.