The Friday after a wild day of trading, where we saw a nice bull run until Amazon and Google earnings wiped out the entire move on earnings. So far in today’s futures session, NQ continues to trade bearish down more than 1.60%. Analysts hoping GDP news can bring some much-needed support for this volatile market. Check the Economic Outlook for timing of GDP.
Premarket volume check showing a continuation of the strength we’ve seen all week. Everything on my watchlist, NQZ18, CLZ18, GCZ18, and 6EZ18, all above 100k of volume. CL and 6E both similarly have a similar bearish pattern so far. GC trading bullish after some sideways action leading up to the European market session.
Stay calm, plan the trade, and trade the plan.
Total Loss $-395
- TST = $155
- AMP = -$550
Comment below with your opinions and questions.