As we creep closer to our second target we are pulling stops to Break Even plus 10 to lock the trade in. We are fairly confident we will see target number 2 early in the session today. Regardless, we want to manage the trade properly. Yo never know when the PPT will swoop in to save the market. ;) Trade well!
The $NQ chewed up support which made it non existent over the last couple of days. The $NQ could be starting to develop a bear flag. We will watch this closely. We are short term bullish but long term bearish for now. The swings are wide. If you "must" trade, reduce your size and focus on one maybe two markets.