It’s good to be home! Let me do a quick post to get the week started. The /NQ has meandered for a while now, although at the moment (a few minutes into the day) we’re down 50 points, so, hey, I’ll take it.
The bigger picture on the /NQ is that it has been stuck for a solid week. All the insanity of Friday is completely lost in the noise. Powell meant nothing.
The /ES actually pierced the red line (not shown here) briefly but it back below it again. The market is digesting this “pivot” silliness.
I maintain that bonds are the best longs going. I think the ultimate breakout on /ZB is going to be terrific.
