It remains to be seen if volatility will spill over into Nov? I Myself have been trying to adjust to the volatile trading we've all witness in Oct, It didn't help that I was bullish just at the wrong time and got slammed hard.
ES Daily
I decided to go back to the basic, start trading smaller and have decided to switch over to trading the NQ. It's less bang for the buck but you also lose less when you're wrong, the margin rate is lower so I can always trade more contracts when I need to be aggressive. That's what you do, push hard when you're right and play defense on days you're on the wrong side.
We seem to be at a critical level, the markets are testing the highs of the last 3 session but they can't seem to close higher. This doesn't bode well for the bulls, if the bear get their way we can expect a retest of prior low around 825 for ES, 1136.75 for NQ.
I don't think we've hit the capitulation point, when all the bulls aka investors all dump their last remaining holding in a massive panic sell-off.
Profit
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