Well if you paid attention to the Sunday Group premarket plan then you would know that today was pretty perfect. Initially shorts covered into a rally and then turned into a squeeze. Pretty good move! Some people say it was because the UN asked Central Banks to stop raising rates. To me it was just a technical move from an oversold market and the beginning of the month and quarter to boot. Then add the UN ask and Manufacturing PMI came in soft.
For me… I gave a little back trading Micros today. I wanted to test a setup off the hourly and as it turns out we just rode bands higher all day and never got much of a pullback. The pull back we did get I managed about 22 pts off of to cut my losses to right around $500. I actually enjoyed trading micros today. Less stress and you can try some stuff out even with skin in the game.
Overall still feel this is a rally that will be sold till Buyers take 12001 on the NQ and 3905 on the ES.
