I have flipped the preferred view to alternate and the alternate to preferred. Both the ES and NQ have exceeded the 62% Fibonacci resistance for a minute 'b' wave within an ongoing Minor 4th wave. Also the markets have shifted again from a "negative" gamma situation to a "positive" gamma situation. This produces a trading atmosphere where the volatility trade is again in control and also being in a "positive" gamma situation does add support to the markets having completed the Minor 4th wave corrections with Minor 5th waves in progress now. The internal counts also are more in line with the switch as well.
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.