NQ1!
My trading thoughts for early in the week entails both a long and a short. With the markets at extremes, I need to be prepared with both case scenarios. In my opinion, this should be the case always for any trade with the key to knowing what to expect from either side....so this is no different. Trade in and trade out, rinse and repeat.
These trade areas for me are on a first come basis, meaning if any of those areas hit the other trade ideas are off the table.
I don't know if this is a HI in from last week, but if we go to test it again, I'm short upon a false breakout in the RED zone.
If we go lower from here, I'm long at one of two zones in GREEN.
If neither GREEN zones hold up, it could be momentum move down to 8500 and I will trade accordingly.
*These are my trade ideas and I may or may not trade them depending on price movement leading up to that point. Please consider only as an opinion and not a recommendation.
My trading thoughts for early in the week entails both a long and a short. With the markets at extremes, I need to be prepared with both case scenarios. In my opinion, this should be the case always for any trade with the key to knowing what to expect from either side....so this is no different. Trade in and trade out, rinse and repeat.
These trade areas for me are on a first come basis, meaning if any of those areas hit the other trade ideas are off the table.
I don't know if this is a HI in from last week, but if we go to test it again, I'm short upon a false breakout in the RED zone.
If we go lower from here, I'm long at one of two zones in GREEN.
If neither GREEN zones hold up, it could be momentum move down to 8500 and I will trade accordingly.
*These are my trade ideas and I may or may not trade them depending on price movement leading up to that point. Please consider only as an opinion and not a recommendation.