- NQ showing rw to ES again...NQ trading down to pivot support at 1730ish, while ES has not traded down to pivot support 1067ish...
- the A/D lines and the TRINS for the NYSE and the NASDAQ are both bullish, so i will give the benefit of the doubt to the bulls, and look at this dip down to pivot support at 1730ish as a gift...
- long 1 NQZ09 at 1731.50...
- since i started swing trading the NQ on a discretionary basis in july, this is the first NQ contract that i considered putting a tight stop under...after much deliberation, i have decided not to...if the NQ sells off, then i will slowly add to the position and work my average price lower...
- though i am allowing for the possibility of a stall at ES 1075 and NQ 1735ish and perhaps another whoosh down, my longer term bias remains bullish on both of these vehicles...
- offering out this NQZ09 at 1746.50, which i wouldn't expect to be hit until the monday night or tuesday day session....
- bidding for another contract at 1712.50....
***remember this is an illustration of what i am trading and my thinking...it 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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