20210616
Short 5 MNQ 14054.0, 14054.0, 14054.0, 14054.0, 14054.0, -1.75, -1.75, -1.75, -1.75, -1.75,
Short 5 MNQ 14067.25, 14067.25, 14067.25, 14067.25, 14067.25, -6.0, -6.0, -6.0, -6.0, -6.0,
Short 5 MNQ 14077.25, 14077.25, 14077.25, 14077.25, 14077.25, -2.75, -2.75, -2.75, -2.75, -2.75,
Short 5 MNQ 14083.25, 14083.25, 14083.25, 14083.25, 14083.25, -3.75, -3.75, -3.75, -3.75, -3.75,
Long 5 MNQ 14064.75, 14064.75, 14064.75, 14064.75, 14064.75, -5.25, -5.25, -5.25, -5.25, -5.25,
Long 5 MNQ 14057.5, 14057.5, 14057.5, 14057.5, 14057.5, -2.25, -2.25, -2.25, -2.25, -2.25, -2.25,
Long 5 MNQ 14047.25, 14047.25, 14047.25, 14047.25, 14047.25, -3.25, -3.25, -3.25, -3.25, -3.25,
Total MNQ -125.0
You could find no better example of index bifurcation than in today's NQ and Russell 2k action. Since we trip over medical terms like that, we just call it vice-a-versa, or just versus play, for short. Just study the smallest time frames in the NQ and RTY contracts for the 1st Frame of the day, and you'll quickly see what is meant. For nearly every upward reaction in the NQ, there was a corresponding reaction downward for the RTY, and then that game became prominent again, but in the opposite direction as reversals in both contracts took hold as the noon hour approached.
And yet, at other times, they were in complete sync....all while the big cap ES and YM mostly just sat there to tread water--until they didn't.
You can always lend the excuse that it was FOMC day, and though even though scheduled for the Midday Frame, 1st Frame action is still under affect.
I shall make no such excuse for my own trading today, as two prominent winning trades were fumbled at the keyboard, one each in RTY and NQ, that would have at least kept me treading water better until the end of the 1st Frame.
Limit your losses on challenging days. Tomorrow is just around the corner.