This morning we were focusing on the ES, YM, and NQ. 2152 in ES, 18,443 in YM, & 4597 in NQ. As I have mentioned many times before in my posts, I use bigger picture support and resistance lines for my bias and short term charts to execute those biases. This morning we had some divergence with the Nasdaq trading the weakest, the Dow trading the strongest, and the ES right in the middle.
Not a surprise to see divergence among the Indices during earnings season. Typically during earnings season traders can get chopped up because of divergences. From years of getting myself chopped up in these types of markets I’ve learned to stay small and watch to see how the other markets react when one of the other markets gets stronger or weaker.