Traders —
I hope you had an awesome trading day.
A so-so day taking a loss on CL, a big win on ES and a loss on NQ.
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 was damn hard — it started quite well going long CL getting a -25 ticks but made that loss right back shorting ES at 5337.25 and CL at 76.66 for +8 ticks.
This ES short paid +132 ticks, or +33 points.
Afterward we took -2 on ES then -24 on NQ which hurt, but glad it was only 2 cuts.
We expected some mean reversion EOD, IE NQ above 670 but we only traded 40+ points higher into 18710 before close, weaker than expected. And that was that.
Market Structure