Update (4):
Raising stop to 1848.25. NQ is back above 1853.25 on volume. Conservative traders can book another +6 here. If oil gets back up to 141, hard selling will resume. But keep in mind that at some point, equities will lead and hedge funds will rotate out of oil, even if only for a two day trade. So you can't always follow oil, it's not that easy. NDX is also more than 5% away from its 20 dma, usually a buy trigger.
Raising stop to 1848.25. NQ is back above 1853.25 on volume. Conservative traders can book another +6 here. If oil gets back up to 141, hard selling will resume. But keep in mind that at some point, equities will lead and hedge funds will rotate out of oil, even if only for a two day trade. So you can't always follow oil, it's not that easy. NDX is also more than 5% away from its 20 dma, usually a buy trigger.
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