Once again - ramp overnight to yesterday highs -- and beyond.
/tf pushing to 990
and just takes out ystdy highs at 5:50 - backs down 30 ticks.
Have to be willing to responsively enter double tops/bottoms in this market -- b/os are failing -- reversing quickly.
Algos willing to let things run but not the usual entry.
/zb - new lows.... rates rising. Direct correlation now = usually bearish.
IWM leading -- risk on.
weak /zb does not matter so far.
anticipate range day? Look for the edges. 5:50 am already the top.
IBD leaders strong
nq, es ym stronger than /tf --
advrl 1240 --
low volume ramp. Have to be willing to go with it.
advrl - trending down at 3:05 -- rainbow?
Two possible entries -- the responsive entry for the whole enchilada and the safe one.
Super low volume today.
Strong internals. Don't be a hero. When the herd buys, just say moo and buy.