The indices showing more gains, especially in the morning part of the session yesterday. The day started out with a gap up, after which they backed off and retested support, and held. When that occurred, they rallied sharply, with the Nasdaq 100 going from 2443. The S&P 500 jumped from 1308 up to 1311, and then they paused to consolidate, with the NDX having a downward descent. The ES_F had a kind of sideways trading range of 3 points for the last several hours, and held in that range by the close. As I write this update the ES_F is making a balance area at the upper extreme of a larger degree balance area with price sitting at the lower extreme balance.
Yesterday I took three trades ZB_F, DX_F, NQ_F.
ZB_F: a balance extreme play that I took at the end of the session yesterday and I was stopped out this morning
DX_F: was a DX breakout that I closed for a small loss
NQ_F: short I took yesterday was an extreme balance play that I’m currently in now.
Today being Friday I plan on doing lite trading and I would like to wrap up trading any currency by 11:00 am. Today’s news… EXISTING HOME SALES (10:00 am).