Balanced session ending as an inside day, meaning main focus is on today's extremes. The general rule is to go with the breakout and monitor for continuation or lack thereof. Nimble until resolved.
I did mark your NQ (11549) and RTY (1826) levels & it worked like a charm, but i look at YM more closely than RTY as DJI (Dow Jones) do have overlapping components with SPX. I have seen DJI movement having bigger impact on ES(SPX) than RTY. If it is not too much trouble for you, can you also provide YM levels if & when time permits!!!
Hey Smash,
As always great post with detailed explanation!!
I did mark your NQ (11549) and RTY (1826) levels & it worked like a charm, but i look at YM more closely than RTY as DJI (Dow Jones) do have overlapping components with SPX. I have seen DJI movement having bigger impact on ES(SPX) than RTY. If it is not too much trouble for you, can you also provide YM levels if & when time permits!!!
Thanks & your effort is highly appreciated!!
Thanks for pointing out the correlation of RTY and ES. RTY has been very week lately
That RTY level was on point!