Pre market
Post market
Pre
- Expansion of range on fed day
- Yesterday looked strong but failed hard
- Market has potential to roll over to the short side
Post
- Several times it looked like a change in control but did not follow through on either side
- Sellers attempted to go lower but finally were not able
- Consequently seller got ripped apart in E-period
- Although it seemed to be clear in favour of buyers/covering now we saw a pullback in F almost to vwap
- I was a little bit too early in this long but it worked
- You can say the early entry was a soft form of revenge trading. But you can also say when you expect more covering it is fine to enter offensive
The week ahead
- The fact that it did not roll over is positive
- But it is negative that we still have to clear this downtrendline
- The QQQs are stronger. Be careful trading ES and watching NQ
- The market is stll very indecisive. Do not take too much position risk. When in doubt, take the smaller target. Cash in
