Hello Everyone,
The SPX and QQQ moved down to retest January lows - there is some NYMO and VIX divergence compared to January but NYMO will need a positive close tomorrow and the VIX and negative close tomorrow to confirm.
ES support 4260-80 4200 resistance 4340 then 4390-4400
Administrative Note: I'm still in recovery mode from vocal cord surgery so will keep newsletter as brief as possible with focus on the indices.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 10-12 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number. Lastly, it's best to wait at times for valid setups to form - sometimes less is more.
Please take a moment to look at the trade ideas.
