September 25th, 2024

New day, same market environment, same strategy: favor buying the strong and avoid buying the weak or laggards. Technically, the YM and ES remain in favor for trading on the long side, while the NQ and RTY, although firming up, still have a chart that suggests we’re in a two-way tape.

As day traders, how does this insight benefit your intraday strategy?

Recognize the divergence and if you’re trading NQ or RTY, anticipate a choppier market and reduce your position size. When trading YM or ES, concentrate on your long setups with standard risk parameters.

Here’s a quick video on why I’m choosing ES and YM for intraday and swing longs right now. 📈 https://youtu.be/S6s4OpNXLJo?feature=shared

The tape remains quiet for now, keep it light, and don’t overtrade this market.

Cheers, DELI