NQ Reversing, Hitching a ride seeing if it continues

It seems to have broken out from the stop on the last chart (NQ short) and looks to be a break out. Pretty strong to take that position, so have to see where this goes.

تعليق:

Volume died out, and going to close out and wait to see what happens next week. Personally, this breakout was pretty odd and what I would call a form of manipulation... and I don't use that word seriously too often. There's fed rates and lots of US data coming out next week, so for 7995 to be broken I think was a "dumb money" move by market movers. They are risking a reversal when it seems they were trying to stoke a rally. Somewhere after the fact that the open rallied oddly, I realized it could have been a couple reasons why. I think the markets are restoring faith in Trump as Republicans are publicly fighting impeachment now, and DOJ opening criminal investigation into Russian hoax. So, I think there was some premature excitement on wall st. because of that, but I ultimately think it was a dumb move and prob not something to trust. If come Monday open the rally continues, then I would look to hop back in. Since it's Friday I have to close. Oh well... such is the futures game. Big ups, big downs, carve out the edge.

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