Closing Out a Wild Week

This week has felt like both and emotional and chart-based rollercoaster. We've gone lots of places quickly, both up and down, and the whole week we've felt like we've been picking up steam. It's been a wild week--we even had protestors interrupt Jerome Powell's comments yesterday at the Economic Club of New York discussion. Talk about something I didn't think I'd ever see or have to discuss. On top of it all, now we are going to end the week with monthly options expiration, which will spice up the last hour of the day.

I don't intend to discuss a whole lot today because we've had such a wild week. It has definitely felt like we may try to accelerate to the downside, but at the same time, considering the price action we've seen, a wild rally wouldn't surprise me in the slightest. Trade smart, wait for confirmation, and don't be in a rush. It's an incredibly cliche saying, but... patience pays.

Here are today's NQ levels:

Current Price: 14850

Upside Targets: 14865, 14906, 14955, 14996

Downside Targets: 14818, 14783, 14740, 14680

Stretch Targets: 15046, 15074; 14633, 14608, 14536 (giving us a wide berth on both sides here just in case)