The last two days action in the ES and NQ has been primarily viewed as an opportunity to own and add to long positions. Big volume on the break, (bearish), as managers dumped NVDA and lesser volume in today’s action (bearish), as the weaker retail hands stepped forward to buy. Monday’s session, into Monday night, analyst after analyst stepped forward to defend NDVA, carrying the pleading into the Tuesday morning. There is much at stake, maybe the next three years of re-balancing values, which means down.
Buy bets increased in ES Monday and Tuesday action
Buy bets increased in NQ Monday and Tuesday action
Buyers adding to upside bets in ES and NQ. Are they right? Lots of time ahead 2025.