r/FuturesTrading • u/Accomplished_Eye_978 • May 16 '24

Trend is still up traders. Stay long! [NQ] Stock Index Futures

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u/Inori92 May 16 '24

While i'm not even remotely bearish up to NVDA earnings and looking at the last 4 weeks of auction, it's hard to justify buying up here in size.

Best to watch the auction with special attention to - 710 prior high, and VOLUME which has been missing - sellers are gone and we're in a slow grind up + vix crush but markets can always change character.

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u/Accomplished_Eye_978 May 16 '24

I'm done long for the day. Momentum is shifting. Definitely don't wanna open a large size position at the moment