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 was showing strong momentum and rallying towards the prior day’s high again (i.e., notice the same pattern 4 days in a row).
With Price action also consolidating near the upper 1/3rd of the prior day high, we watched our ES 5 Minute Complete rules and Market Cycle Analysis conditions for more evidence of a setup in either direction in relationship to the opening bell.
Major economic news to be released later today…
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NO trades today because of the uncertainty and choppy markets!