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Looking for a move up to at least 57.6 and then will be looking for a short back down to 36.8
Not necessarily a straight drop of course...that's the plan at the moment
TF is going back to the CME next year, Fees will almost certainly be much lower. I would guess there will be a lot more interest in it at that point, seems like I'm one of very few that stick with it.
BTW I just went long gold from 13.5...see what happens
I know, and I can't wait. I am going to bite the bullet soon and sign up for ice data. Just sucks to pay my broker data and for IQFeed. I want to trade the final wave into the elections.
The TF has been a bear to catch the larger swings since the Feb low. Just straight up to the moon.
Just a thought here...a while back(2015) TF was dragging it's ass as the ES was making new highs then the ES bumbled around for a while until the TF caught up. TF high ended up at 1270 and change. Shortly thereafter it dumped.
It's looking very similar now.
Wouldn't surprise me to see TF having a few days where it makes some good rips to the upside while the others remain somewhat stagnant....
NQ is heading up for 4800 + like a magnet is drawing it there. I think ES/SPY can go a little further before it rolls over to support. I doubt we are heading for a real correction, just into support for the last run up.
Edit: But the move to support will probably look pretty ugly