I have to admit that I was a little unprepared for the low levels that we saw in the a.m. this morning, because I shorted the near lows only to watch it go against me faster then I could get my stop in, there was also a weird volume spike at 11:11 that I think was some kind of algo which accounted for the superhuman strenght the first half of the day. But I was just trading my plan...which called for a short under 1780, which we got in the overnight session and came pretty close to my downside target I gave last night (1755).
I ended up nailing a short on the high tick of the day, a level I also talked about yesterday as a major area (1786) only to end up covering it for a pitiful 2 points. Something that I have noticed the past couple trading days is that the area of 1768-1780 is an area that the market has trouble finding value in, and when 1780 is broken to the downside, and 1768 is broken to the upside, the market wants to find value in other areas moving quickly through this gap.
Pretty much same plan tomorrow...I do think we go higher because the DX (dollar) became pretty weak at the end of the day w/ what looked like a short sqeeuze on huge volume before the end of day today. And for the most part lower prices were quickly rejected.
1092 is a key area for the ES...under it short term bearish...above short term bullish
Here is a chart for the NQ...(up above)
Again if you want you can follow me on twitter...I made you 10.50 NQ points if you shadowed me on my live calls (sad to say I didn't even net that because of my early morning losses)
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