PM update (3):
Booking ES profits here. We are getting some selling, no sense in losing a good trade. I would wait and see if it can get back above 1163. Gold is holding 900. Watch NQ 1631.25. If gold loses 900 again, they will get ES back above 1163 and it's a pick up, even if only scalps. This is a great trading environment, we won't see again this for some time.
Longer term, we could still see QQQQ 37.75/38.50. If not now, maybe in early October. If it happens before the election, it will be time to load up the truck for a post-election rally into year end.
Booking ES profits here. We are getting some selling, no sense in losing a good trade. I would wait and see if it can get back above 1163. Gold is holding 900. Watch NQ 1631.25. If gold loses 900 again, they will get ES back above 1163 and it's a pick up, even if only scalps. This is a great trading environment, we won't see again this for some time.
Longer term, we could still see QQQQ 37.75/38.50. If not now, maybe in early October. If it happens before the election, it will be time to load up the truck for a post-election rally into year end.
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