Hello Everyone,
Incredible action the past 24 hours following the NVDA news, AI has powered this market since last spring and today was more of the same. This morning I posted ES 5052 as support and we hit 5052.25 and powered higher to reach 5105 target level. Initial support on ES now at 5090 and 5066 big level below. Topside 5120 and 5140. NQ ramped an amazing 700 points from a support zone posted around yesterday's low print.
After such a upthrust protect profits as today's breadth was not what you would expect (see trading community post).
ES levels posted on the trading community and updated when appropriate.
Please take a moment to look at the trade ideas.
