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hungry_hippo
Jun 22, 2022 1:50 PM

NQ Update 

E-mini Nasdaq-100 FuturesCME

Description

Looks more like a backtest of the green channel line more than anything. FDAX went down as predicted and so the market gapped down.

Probably a dip and not a tank, but we've seen days where the market fills the gap then tank so be careful.

Staying cash, might do a small long play EOD, something like GM maybe. FDAX double bottomed, so guessing gap up tomorrow.

Comment

LOL, as soon as I posted that GM went green and the market looks pumptarded. NQ heading straight up now
Comments
rickyrt
do you think the NAS could fill the gap today & then just head str8 down? looks like a short squeeze
hungry_hippo
@rickyrt, won't go straight down because YM, ES, and RTY also have gaps to fill. RTY is a long ways away from filling its gap which makes me hesitant to short anything.

Plus if the market was going to tank, it would have done it this morning. Futures were down big premarket, then they pumped it before open so the gap wasn;t very big.
hungry_hippo
@rickyrt, I would not short anything until next week. When RTY gets the gap fill, then start looking
m3t4lz0n3
gap closing it will sir
hungry_hippo
@m3t4lz0n3, probably goes beyond a gap fill because the other indices are a lot further away from filling
m3t4lz0n3
@hungry_hippo, looks like we have closed the gap already. Waiting for moon
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