Background

Saturday AM ES Week Review and GBX Planning Session | Sierra Chart E-mini S&P500 Day Trading

RTY finally got a push above the 50 DMA and you saw the results. Probably good to test the upper range with Buyers solid in control. ES and NQ both rallied to regain their 2nd STDEV on the Daily and riding the bands which is a show of strength. All of the probably thanks to our Fed that can do no wrong. Taper but no need for rate hikes lol…. anyway. 92 is my LIS for Buyers with some solid levels to take longs from above that. Probably looking at 4531.50 Sooner than later.

However, as much as Buyers are in control atm, there is a very good chance of major bad news coming out of Afghanistan this weekend. Question is will markets care. Doubtful but you have to have it in the back of your mind.

Be the first to leave a comment

Leave a comment

Your email address will not be published. Required fields are marked *

0%

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation