Black Friday Selloff ES NQ Trade Plan Thanksgiving Hangover Edition

Was not planning on even looking at charts today but given the market condition right now, and the fact I am a degenerate, here I am hangover and all from Thanksgiving.

Lots of Sell and GBX volume. NQ came down to a very obvious level and found support. If the overnight session was straight sell with longer timeframe players involved why would it have stopped there?? Anyway watch 16100. Below that and it could get nasty on a thin book RTH session.

ES dropped the major LVN and got hung up in a very obvious area with many previous POCs. Poor Footprint structure above 46.50 – 50. If we can get back through the LVN and test this area, which I plan on, we will either find Sellers there or we will get above and long back inside Wed range. Take out the GBX low and we can sell through thin RTH book.

Fact is if you are new at trading go enjoy the holiday. You are at a disadvantage no matter how you look at it. Good luck.

$50, no monthly Sub, to join The Pit through tomorrow.

http://www.thepitfuturestrading.com/join.php

Trading Futures, Options on Futures, Options, Equities, Cryptocurrency and Retail Off-Exchange Foreign Currency Transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.

#PitFuturesTrading
#OrderFlow
#Footprint
#TimeandSales
#VolumeProfile
#MarketProfile
#SierraChart
#EminiSP500Futures

https://thepitfuturestrading.com