Well after the ramp-a-thon in the ES and NQ we finally had a pullback… only to ramp after NFLX reported. Tough day for me personally. I do not mind the trades I took but I got chopped pretty bad and ultimately lost 30 ES pts and then ended up losing composure and giving back my NQ pts to finish flat. ES 3780 held and then a test of 3703 held. The chop in the middle was special… whatev. Right now this looks like temporary balance till we break. Being above the 20 daily moving average in the ES, NQ and RTY seems pretty Bullish for Buyers but I am still of the opinion that till 3905 on the ES and 12001 on the NQ are taken by Buyers…. this is a rally that COULD be sold. Lord knows the news is not getting any better. Biden shutting down China Semi-conductors and those Americans that support them. Saudi Arabia Prince saying Jihad against Biden for threatening consequences unless they up their oil production… sound like quid pro quo to me, you? Biden saying he will sell another 15 million barrels out of the SPR… to China?? Man things are so good right now. Earning ok fine but AAPL just came out and cut production of the Plus model. Man depressing. Not going to make trading this any easier. Good luck!
