Monday, January 3, 2011
I trade the NQ because I can afford to hold single-contract position without a stop. This was a way to enter the market in the Sunday session and I don't have a stop. The burst over the weekend is consistent with behavior when I1 top falls on a Friday. Composite is just now hitting 2700 which is my resistance level and count extension looks fulfilled. Still looking to SP futures 15-minute M/A to guide getting into short ETFs.