20140919
Short 2 NQ 4108.75, 4108.5, +2.0, +3.0
Short 3 NQ 4109.5, 4910.0, 4109.5, +4.0, -0.0, +2.0
Long 2 NQ 4106.5, 4106.0, -1.25, +1.5
Long 2 TF 1154.4, 1154.6, -0.7, +0.7
Long 3 TF 1153.4, 1153.4, 1153.5, +0.7, -0.6, +0.7
Long 2 NQ 4100.00, 4100.0, +2.0, -2.0
Long 2 NQ 4098.75, 4099.25, +2.0, +3.0
Long 2 TF 1149.8, 1149.9, -0.3, -0.0
Total NQ +16.25
Total TF +0.5
Breakouts in the TF were the key ingredient to the day's big bear trend, but those came mostly after the 1st frame, and against some extreme oversold momentum readings outside of current Trade Entry Model limits. If a real bear market is finally ensuing, then the stringent filters on bear breakdown levels might have to be lifted from entry models, as when big bears finally get started, they are brutal and persistent. Since the other contracts remained from committed initially, the NQ provided some reversals in resistance to the bearish action. But eventually, the come-lately NQ bullishness will give way, as all sectors and contracts will get in sync with a major trend. Many have called a premature end to this bull market, and I've called at least 3 of the last 1 bear markets myself... Stay focused. ...and a good weekend to all...
