Im long here NQ and ES, tight stop though.
Needs above 11275, the target is 11380-90 by 6am or so.
If we see this move before the PCE numbers, I will exit longs and go short.
What if it will be a repeat of what happened last time PCE number was out.
Tomorrow should move the price above the last several days range, its also a directional change day and it could be a move in one direction but outside of the range.
So a low tomorrow or Monday (Im in a low on Fri/Sun for the futs) and rally into at least 5th or even 7th.
The rally will be muted and choppy imo just to reset the indicators.
Tomorrow is a not weekly, but monthly and quarterly closing!
Should be very interesting close and if it looses today's lows we could see another 100 points plus cut
Have a good night!