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Thoughts
Given the fast rise last week this can be a healthy consolidation to high of older balance/monthly vwap/ 38.2 retracement
Of course this could also be the start of a bigger down move, we never know
Do not jump on
Do not catch bottom
Be smart, wait what develops
Thoughts
yesterdays abc is excess and we have produced value out of range (bullish)
the upmove following c was not like we want a breakout to look like, it looked like a little coverig, not more
anything can happen, a new downswing, a move to last weeks poc, just choppy balance, ...
Destination achieved without me. I was positioned for that move on thursday and friday but it did not happen, so i went flat in the weekend... thats part of the game :-)
News
10:00 numbers
13:00 bond auction
14:00 fed minutes !!
Condition 1 otf up
the market fell yesterday from the open but this is still bullish with value clean higher
Condition 0
tested y low in eth but open in upper half
Thoughts
nq is still lagging
es is otf up
no time for bigger risks in this short week
take a few points if you get a nice spot and leave early before the fed minutes
Thoughts
es is grinding higher making new ath´s
nq has waken up after lagging lately
both markets are bullish and pullbacks are buyable
no reason to short
i would only see CHANGE in nq when accepting below last balance high