Hello Everyone,

New highs today for the SPX/QQQ (not RSP/IWM) as we saw quite a bit of dispersion today (also the VIX closing higher).  The QQQ propelled by some mega cap names (namely NVDA) has now seen its daily candles trade entirely above it's upper BB for two days - quite rare (the last time was November 8th last year which then saw a five day pullback to below its 20 day MA (simply sharing).  With that said, the bulls remain in control until we see evidence change as this can subdivide higher without a clear breakdown. Tomorrow, we have the FOMC and several mega cap names reporting so let's see.

With the current backdrop (volatility), best to focus on fewer setups.
 
ES Levels Posted in Trading Community (Note: Front Month has Shifted to December ESZ25)

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.