Another busy day in this busy week of earnings, headlines over-reacting to premarket selling. The daily candle Nasdaq futures from yesterday shows a lot of buying pressure keeping it from dropping lower for the moment. Key area to watch is 6950 that could lead to another big move bearish. As of right now, things still seem bullish. Also, eyes will be on home sales and crude inventory as scheduled on the Economic Outlook.
Premarket volume check showing another day of premarket strength. NQZ18, CLZ18, and 6EZ18 are well beyond the 100K of volume mark. CL starting to turn bullish after trading sideways in the after-hours. In a bit of divergent, GC starting to head bearish, following 6E which started its bearish run in the European market hours. NQ currently retesting the open of today’s futures session.
Total Profit $15
- TST $15
- AMP $0 (no trades)
Comment below with your opinions and questions.