This commentary will focus on the first 60-90 minutes after the Opening Bell. However, our strategies can and will provide setups the entire trading day.
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Pre-market Economic news and reports…
Overnight price action continued to show evidence of consolidating inside the lower 1/3rd of the prior day’s range. The majority of the month of June, markets have been very choppy.
Markets showing slight weakness and price action attempted multiple times to move lower and found lower boundary of support from multiple swing pivot areas. After the opening bell, with price action oscillating and no direction, decided to sit on hands.
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