Incredible day.
Captured 2.5R in profits in the NQ but it should’ve been more, but I’m not going to rue on that.
The market had made a significant move overnight before retail sales data smashed expectations pre-market further adding to the downside pressure. I expected nothing more than a range bound day with all of the muddling fundamental news.
But with a pleasant surprise the ES bounced off ONL - overnight low, and started to lift. Once it breached PDL - previous day low with a big candle I knew it was a spot to enter the market where I went long. As you notice from the chart below price levels can work as magnets and price is drawn to them where they continue or exhaust for the day.