The NYMO cycle is ????
Model wise, it confirmed up and then down.
The zero line seems to be resistance.
Price keeps climbing.
We now have 13 open down gaps.
Today's high tagged the upper keltner band, reaffirming the bullish bias.
The word divergence comes to mind...
If NYMO goes positive, price could go parabolic.
On the other hand, if we ever get a down day again, it could be one of those big ones that reverse many days of slow upward climb.
I wish I knew what will happen...
I am flat.
I balked on long setups, calling an audible on the weakly positive NYMO confirmation.
Looks like I will book a trade error on ES as that would be down to a runner with BE stop at this point.
The long R2K trade would be in drawdown if it had been taken.
So, leakage on one and surplus on the other for the moment.