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 showed momentum to the downside with lower highs and lower lows.
Pre-Market Price action heading towards the prior day’s lows and after economic news, momentum crossed below the prior days lows.
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Price action gave us a quick 1-minute setup SHORT and after no follow thru we closed the trade immediately with 1 point loss.