“As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It’s like crime without punishment or sex without sin.” – Ron Chernow

We’ll stick with our call that the bulk of the Friday bottom and ramp into Quad-Witching was going to be done by close of business yesterday. Naturally, this could continue to ramp but our base-case is that there is little edge chasing this after this +5% squeeze. EYES on how we trade around this 78.6% level on the NQ.

As always heads-up for more headlines risk out of Washington, CHina, London, Boeing and OPEc.

If you missed out latest thinking, you can always catch up on it > HERE.

If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.

Wishing you a great day ahead.