Sunday, January 21, 2018

What to expect next several days.

Last week Range ES: 2769-2815.  NQ:  6729-6857. Vix: 11.27.
I do feel that there is not much up momentum in the market for the next several days. They probably would stay in this range for a while before making a move.
I believe that ES will close above 2800 by the weekend. Maybe we will see some weakness on Tuesday and Wednesday and probably on Thursday as well.
The trading range for ES: 2790+/-5 - 2820+/-5. NQ:  6780- 6870? Let's see, It's still earning session. The incident of the government shuts down might shake the market a bit. That's it.


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