Hello Everyone,
Range bound action continues for SPX/QQQ while IWM managed a decent follow through day. Semis came under heavy selling pressure today (NVDA, AVGO, AMD) as a result of more gov't restrictions regarding sales abroad. This weighed on the Nasdaq early on before pairing losses on the session. SPX/ES pulled back to retest yesterday breakout zone and then rallied 50+ points before giving back some gains to close nearly flat. Energy is building ahead with price coiling into a tight range ahead of tomorrow's earnings from TSLA, NFLX, and LRCX.
ES range 4366-4420 roughly speaking
Please take a moment to look at the trade ideas.
