As it usually happens, the market couldn't care less of last night's bombing in Iran, and this morning it rallied up. Now with NQ distributing arount 50 I see some strong layering above, and with a couple hours left before the close I'm taking a small short. I'm thinking that going into the weekend with these geopolitical risks can spark a sell off into the close. I'll be out of this position if it goes up above 60, otherwise I'm looking to let it go at least until 25/20 or below
Welll that didn't take very long. Nice selloff back to VWAP just as I was was writing this post, giviing me 25 points. I'll take them!