Notable levels from yesterdays session (Stocks & Futures)
Nasdaq
There isn’t much to cover at all other than looking back to how levels worked out yesterday. We had no events other than SLOOS data which brought 2pm sell BUT was eaten right up which was noted in telegram to be bullish. At first, I thought it was TD news on money laundering but it was the SLOOS report. In the morning I saw that it was possibly to be moved back to 4pm and got blindsided by this. Shortly after reading the report it was taken as bullish and we saw NHOD in both ES and NQ.
SLOOS Report
Banks across the board increased tightening of acquiring loans and have seen weakening demand. Exactly what the FED was looking for!
Semis continued unreal strength higher which has been a solid trend to take part in. For today I do want to only look for longs on the high flyers from yesterday.
Make sure to be inside the telegram as I will be covering data throughout the session if we begin to balance.
Events
Earnings
