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.
Note
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.Trade closed manually
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