Good point becky. That didn’t turn out to be the case last night as the futures just flopped around since yesterday’s close but quite often, it is the case, especially when volatility spikes following an extended low-volatility period (as it just has). Also, keep in mind that the micro futures (/MNQ, /MES, /M2K) have much smaller leverage factors than the E-minis (/NQ, /ES, /RTY, etc..) but trade as the same price level (hence, same charts). That allows those with smaller accounts or even those with larger accounts but only wanting to get their feet wet trading futures with relatively small position sizes/exposure.

Essentially, I’m (very) near-term bullish (bounce today scenario), intermediate-term bearish (more downside next week (at least) but until we get some longer-term sell signals & trend indicators rolling over, I’ll have to assess the longer-term scenario as the charts develop as there just isn’t enough evidence (yet) to say that the turbo-charged, Fed-induced bear market rally off the March lows has run its course.
Also, yes: the $VIX appears to be headed higher, minor zigs & zags aside, and if that end up being the case, it will almost certainly coincide with another leg down in the stock market. Also, keep in mind that, historically, once the $VIX breaks out above a well-defined downtrend or falling wedge following a divergent low (as it has recently), it tends to rally pretty hard, fast, & relatively steady with only relatively short pullbacks along the way.

Wait for it. 9am you come here and see what happens.

I think you better do that with futures otherwise it’s pointless, you wake up 9am you get Trump pump or dump and you just can’t get out of your trade.

Nothing new here. The history repeats itself all the time.

I just cancelled my QQQ bounce order for the morning because after hours QQQ is already down $5 and NQ Futures is down 157! … I guess until all Fed stimulus has run it’s course trend lines and just textbook chart reading is out! … still sounds go though … unfortunately I drank the short cool aid and sold all my inverse positions just before the close to make room for the “bounce”! … I will be working by myself tomorrow to fix this frickin mess!

I wish. I’m just speculating. But that is my plan.

He should have been a marketer

The arrows are just subliminal messages. Pointing to ‘Watch Later’ and ‘Share’. Must Watch Later and Share. Overwhelming sensation to Watch Later and Share. LOL