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.
Today, overnight price action showed weakness consolidate near the prior day’s low.
Price action bounced off the prior day’s low in pre-market and was already in the lower 1/3 of the prior days range.
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Markets not showing any real good promise with lots of overlapping bars…so we end the month just sitting on our hands and preserving our profits from 14+ days