- NQ and ES are both trading today within the base that has forned since the low of yesterday morning...
- i am currently long 3 NQZ09 for a discretionary swing trade...
- my average price is 1714.08...
- currently offering out 1 NQZ09 contract at the following 3 levels: 1726.50, 1736.50, 1746.50...
- while i am bullish on the NQ longer term, i would be surprised if any of these offers were taken today...however they are out there because one just never knows, does one?
- i am also long ESZ09 via my 'SPY Gopher' systemic trading model...
- ES appears to be showing a bit more RS than NQ today...it is trading closer to the top of the range than the NQ is...i imagine the negative reaction to the RIMM announcement is influencing this...i will be watching RIMM today as a potential tell for the NQ...right now RIMM is sitting at the $70 support level and hasn't moved much (up or down) since its opening gap down...i will be watching it for a break above or below its morning base...
- trading the odds posted some studies last night...these studies suggest bullish behavior for the ES today...Setup 3 in particular intrigues me, and i will model it myself for some more detailed analysis...
- jason goepfert at sentimentrader performs and posts very informative technical studies, primarily involving sentiment analysis...i have been following his work for most of this decade and it has been a significant input into my market analysis and directional bias...he offers monthly and annual subs at very reasonable rates for the retail trader...i highly recommend his work...
***remember this is an illustration of what i am trading and my thinking...my trading plan may change without notice...this is not a recommendation for you or anyone else, to buy or sell this or any other security...trade at your own risk***
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