Stock, Option and Futures Trading
Watch out tomorrow
From last week we had 2308 and 2315 as key numbers on the NQ. This is in the members section of our website we did not post it on the blog. Friday late we hit 2308 it was actually the high of the day. It could have been enough to make the market really lose it but today we found support and the NQ actually broke Fridays high hitting exactly 2315 , again right at the end of the session.
The high of today could be the resistance number to get us back down to 2200 then 2100.
We are in IWM puts because IWM is the weakest of the ES,TF,YM, and NQ. AAPL and AMZN are holding the NQ up so until those look like they want to break we will stick with IWM.
Watch out tomorrow for a reversal.