My general bias is to the upside with YM leading the three markets in terms of the order flow. YM is the strongest in its relative strength, ES as usually being the middle and NQ showing to be the weakest. This of course may change once the Q1 highs will start being taken out. But for now, this is where my money allocation is going, buying the strength and selling the weakness.
We have seen some buy-side imbalance being created throughout the week so I'm anticipating some retracement to indicated levels, and I will be looking at adding long positions on lower timeframes if the setups present themselves. Of course, these levels might not provide support and we might see a deeper retracement, however, these are the immediate imbalance levels that I'm anticipating to see some retracement. We'll see how it works out.
We have seen some buy-side imbalance being created throughout the week so I'm anticipating some retracement to indicated levels, and I will be looking at adding long positions on lower timeframes if the setups present themselves. Of course, these levels might not provide support and we might see a deeper retracement, however, these are the immediate imbalance levels that I'm anticipating to see some retracement. We'll see how it works out.