Short Term Up Trend Intact

Despite yesterday's intraday volatility, they were supporting the dip, as the stocks continue to find support and the hourly structure remains stable into today's session.

The stocks put in an intraday 'buy' signal at 9:45-10:00 today, which is again positive for the continuation of the up trend. The hourly pivot chart has also tightened up, which improves the overall risk side of this 'long' trade, making the 'hold' more manageable in the volatility. For NQ, the 3 day hourly pivot range sits at 2188-2181, which is a nice improvement from the 50pt range of risk as of the past few days.




Any hourly closing violation < 2180 with continuation is a definite sell signal for the NQ today.

The ES pivot comes in at 1188-1184. Any hourly or day closing violation of 1184 level is a short signal.

NQ and ES hourly pivots below: