Markets rolling on weak GDP news Q2 in Germany - GDP only expanded by 0.1% from Q1 as per the headline. As far as trading set up for today, US stocks have sustained above hourly pivots, but have not generated any intraday momentum via 'buy signals' - the last 2 trading days have been effectively 'neutral' despite stability and up trend.
Today's pivot for the NQ on the hourly sits from 2185-2134. Any closing violation below 2134 would imply a short trading signal. The market can close within the pivot structure and still 'read' a long trade, but, in this market, I would suspect imminent weakness to follow.
Due to the increased volatility, and the wide channel structures I will be looking to sell my Core long on an intraday Sell signal.
ES hourly pivots sit at 1184-1152. Same logic applies as per the above.


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