Traders —
I hope you had an awesome trading day.
Fantastic day for the room recouping several losing sessions for folks and myself in the process.
Let’s recap and plan for the next session.
Recap
Below were our plans coming into the session.
ES
NQ
Below were our levels & how they fared. Inflection levels = bullish biased above & bearish biased below.
ES
NQ
RTH
RTH started quite rocky, buying into the highs as buyers showed up above the OVN highs as well as double inside day high.
However, failure to sustain above both levels led to a liquidation and quick stop out.
We shortly flipped short at NQ 18360, and took +80 getting us back to green on the day.
Later, we sniffed out a long at ES 5226, expecting a move back up to 5254 depending on the reaction at 5226.
After seeing the flow at 5226, we surely took the long there, and price rallied 40+ points.
That was our day — effectively recouping losses from several bad sessions, and there is certainly more where that came from.
Market Structure