Equity Futures(MNQ ) Status as of December 26, 2024
Today, December 26, the market opened with sharp signals and appeared to trend bearish after reaching a high of 22111 during the night. The market didn’t move in a single direction and failed to match the peak seen in the Asian session. If it doesn’t break the recent high tomorrow, we could see further bearish movement following the release of the weekly unemployment report. Since it’s a short trading week, market makers may make significant moves after the report is released. It’s advisable to close your positions ahead of the report to better assess the market direction.
Regarding the algorithm, it didn’t perform well today and ended with a loss of 2.1%. Please see the attached screenshot for more details.
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