Hello Everyone,
Both the SPX/QQQ have been largely range bound over the past four sessions with each managing to make marginal new highs today. Market is building energy for a move - continue to trail up stops with this backdrop.
The big news overnight came from China - they enacted a massive stimulus plan (see trading community post of mine pre-market). These actions led to a big move overnight in Chinese stocks and spilled over into several commodities today.
ES levels posted on trading community.
Please take a moment to look at the trade ideas.