great reply. thanks.It would be something if a deal was made with China and the market still fell.

Thank you very much for your objective assessment! Great and relevant information to factor in to my decision making and trades.

No, I trade the charts & have stated quite often recently that the news, including positive headlines from POTUS and/or the WH on the tariffs was/is to be 100% expected AND anticipated.

Regarding the rip-your-face off rally, yeah… I also predicted the potential for exactly that a few weeks ago (which we then got) & positioned for it while exiting (longs & reversing to short) to the button at the end of it so that check mark has already been notched. That’s not to say we can’t have a 2nd face-ripping rally but how much of the 7% rally (to where /NQ is right now at my target from Monday’s low/the start of that rally) is now already priced in?

Bottom line: As per yesterday’s video, there is a text-book symmetrical triangle pattern on /NQ & QQQ in which prices have just rallied into the top of. Should the $NDX CLEARLY go on to make a solid & sustained breakout above it (assuming the breakout doesn’t fail), that would certainly be a bullish technical event that would portend more upside in the $NDX, likely back up to or inside of that bounce target zone I’ve been highlighting on the QQQ daily chart for the past couple of week.

As of now & as I often say, resistance is resistance until & unless broken and right now (as I type), the $NDX is trading at significant downtrend resistance while overbought on the near-term time frames, thereby increasing the odds of at least a tradable pullback off this level IMO.

Yes, and since the post here in pre-market we’re up another percent.

However a deal with China will probably cause a “rip your face off” rally.

Are you concerned about this, or not so much, because of stops and trading futures instead of stocks?