Stock, Option and Futures Trading
Important spot right here
If the highs we looked at as resistance the last two days are going to hold right here is the entry short with the ES at 1256 and the NQ at 2280.
On the other side if we break the last high on 12/27 there would most likely be a very strong move to the upside.
I am staying flat at this point and I want to see what tomorrow looks like. No matter which way we go the move will be large. There is big support below us and big resistance above us. It is going to get wild very soon.
Tomorrow is going to be an important day for the next month or longer.