Float Up Friday

It's been a few days since it's felt like the markets have had any support at all. After putting in that double top at 15725, we've given back a cool 900 points in five trading sessions. No big deal. Not to mention on Monday and Tuesday we really didn't go anywhere (when you think about the open/close values, let's ignore that big lower wick from Tuesday). So it's essentially been a 900 point drop in NQ over three sessions. Ouchies.

We've seen it time and again, though, that Fridays tend to be days where we catch a bid and just gently float up. Maybe those gains hold, maybe they don't; but, ever since we went to every day 0DTEs, it's been the rule and not the exception. Do I have stats to back that up? Absolutely not, we just trade based on the vibes around these parts.

I'm going to try to stay as unbiased as possible heading into today, but considering the down moves we've seen, I like to envision all possibilities. We could just keep falling, we could just chop, we could float up. I've been guilty of falling into bear mode and looking for shorts, but by embracing the possibility of a nice steady float, that's how I'm telling myself that I'm unbiased.

Regardless of what happens today, let's finish the week on a high note. Don't be afraid to lock in the green and hit the weekend early.

Here are my NQ levels for today:

Current Price: 14950

Upside Targets: 14975, 15020, 15074, 15125

Downside Targets: 14920, 14865, 14835, 14818

Stretch Targets: 15160, 14740