I watch the different indexes on the same kinda 5min chart with a main focus on MES. When they are not in agreement I take my foot off the gas a bit. Today for every pop up on NQ the Dow would pop down and ES would just be caught in the middle. The first 6 bars the NQ and Dow are literally opposite.
That led me to not really trust the strength of the NQ as Tech is the MOST overstretched Sector. But Mr Market put on a show to clarify just how far things can get out of whack. I was only long but took WAY too small targets and by the time things got really strong felt like I was chasing...so sat and tried to remain focused and calm.
Had 1/2 Daily goal in the bag and finally just waited until the close when I knew we would see at least some good profit taking and a touch of the EMA. Grabbed 10 points and got Daily goal.
Will see what overnight brings...I will be willing to jump in on weakness. Still think we end the week lower but will do my best to trade the 5min and follow those who are actually making money.