- At the moment we also have an intact breakout from the bigger balance
- NQ is sharply down with earnings from msft and alphabet
- Large NQ-ES-divergence often leads to big chop
- Important to watch both markets on days like this
- NQ drops below rth low but holds and starts to rise
- We get a choppy up-move in ES
- Everything seems strong, we get a slow pullback in lunchtime which for me is buyable
- Fails to hold vwap. Minustrade for me
- But does not sell off. It holds above rth l.
- These moves are not so easy to trade at the moment
- We have to see how the market reacts to the coming numbers. On Thursday we get aapl and amzn after the close
- Given the sell offs in msft and alphabet the market seems to be strong in my eyes
- Next week we have fomc and the following week midterm elections. These news are ultra important