Hello Everyone,
On Wednesday the SPX/QQQ held key support zones and fought back closing above their respective 9 day EMAs setting the stage for today's rally which took both up to marginal new highs. Tonight is the State of the Union Address and tomorrow we have Monthly Payroll Report.
ES Levels Support 5143/40 (bounced after my post) with targets above 5158/62 5169 5185/90 and 5207/12
NQ Support 18,180 18140/126 and 18075/65 upside target levels 18260/280 and 18,338, 18,375 and 18418/448
Above levels are still March Contract but soon rollover to June Contract
Please take a moment to look at the trade ideas.
