Pivot : 4933
Longs to : 5025
Shorts to : ~~
Minor : ~~
Taking some time to gain the Pulse on an old favourite. I think the 5000 number will bring in new tape and fresh opportunity. If the book stays thin, orderflow is active.
The state of the auction is currently bullish based off the last bit of initiative activity from previous session. The affect is high, thus the affect below ‘may’ also be high.
With the strong LOD response, Price finds itself trading above pRTH highs. Now auctioning between an interested seller and yesterdays’ inventory. I see buyers making attempts at aiming higher. No idea if they are correct.
This is not a good location for me to build a strong idea. The intraday expectation is reversion to the mean, until a break of these levels.
$NQ is still my darling, but starting to put significance on ES because I think opportunities are coming.
Imo, there is a world where rty goes bezerk while nq cools off and rty ridiculously outperforms nq and es over some weeks. We may just get to see that world soon, too.
ES finally done movin like a grandpa we gettin nice move again