Resistance held. Support held. Just ended up being purely rotational day. Managed 16.5 on the ES but lost -8.25 on the NQ. Just could not get on an NQ trade.
One thing is certain for Buyers. They need to be bid above ES 4119.50 and in the NQ they need bid above 12980.50 which was our final traded price of the day damn near to the tick.
If ES can remain bid it has to take out 4141.50 and then previous day high 4147.25 which would then target 4206.75. If the ES loses 4119.50 look to test 4000 and then previous day low. If ES loses today’s low there is nothing to hold it up till Friday’s low and then it can get very ugly with tons of poor structure underneath.
If NQ can stay bid above 12980.50 target value high 13061.25, previous day high 13108.25 and then can go all the way to 13589.50 with resistance possible at 13118.75 / 13155.50. If Buyers cannot hold it above 12980.50 look for support at 12899 and previous day low. If NQ loses previous day low then I would think 12490.25 possible.
