Monday's Plan ES and NQ
Sunday evening; WE RALLIED AT THE OPEN OF THE Sunday futures session. Typically there will be a reversal to go back down to pivot/VWAP by the MONDAY CASH open.
Since Mondays typically are Bullish, according to backtesting... "they" will sell overnight until London opens, this could lead to. big rally by NYSE open. So i'd like to go long with london. Later in the day I will short.
However NQ is at R4 a high sell level and appears to be rolling over after 5" of buying. I could see NQ going as low as S3 19675 before bouncing.
As I explained on my last idea each day has a bullish HOD and a bearish LOD. Expect bullishness at the open and a selloff later ij the day just like everyday, 5 waves up abc down.
Since Mondays typically are Bullish, according to backtesting... "they" will sell overnight until London opens, this could lead to. big rally by NYSE open. So i'd like to go long with london. Later in the day I will short.
However NQ is at R4 a high sell level and appears to be rolling over after 5" of buying. I could see NQ going as low as S3 19675 before bouncing.
As I explained on my last idea each day has a bullish HOD and a bearish LOD. Expect bullishness at the open and a selloff later ij the day just like everyday, 5 waves up abc down.
Note
tradingview.com/chart/ccbFeKiA/. NQ rolling over, so it's sell now, and buy with london or NYSE premarket, sell at HOD.Note
for 15" NQ went up, then I wrote this idea, since then we very quickly fell from R4, a higher sell level, and broke through pivot. Earlier i gave my target for a level to get in, S3, but it is more about timing the big Monday rally typical pattern day... and then reversing and selling at HOD. understanding the pivots makes reversal levels easy to spot.Note
The whole point of this Idea is to show how the Markets move in both directions.. As the idea states, the market opened at 18:00 went up for 3 candles, reversed (and bounced between Pivot and R3, at the times in the Idea... The next step is to long the Rally I expect by the open, which began at 2 AM London time.. I don't trade the corrective waves 2 & 4, I use them to enter on the implusive, complex, in-trend waves 1, 3, and 5Note
The short in the title happen... the rally part of the trade was delayed. Could be today or tomorrow. 
Please check out Kauai Dave Pivot Traders on youtube. youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ
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