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.
Overnight price action continued to show evidence of slightly trending higher as yesterday price action initially went down below the opening bell and eventually crossed back above the open, price action continued to grind higher during after-hours and in pre-market towards the prior days high.
Starting to see a flag pattern heading into the opening bell.
Pre-market price action slowly retracing lower on 1-minute chart and note that price action is inside the prior day’s range heading into the opening bell.
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Price action very choppy and overlapping bars on 1-minute chart so we sat-on-hands this morning.