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 remained in the upper 1/3rd of the prior day’s range. Price action consolidated overnight and pre-market heading into the opening bell. With very little momentum and movement, price action showed evidence of being very choppy and grinding higher. Decided to sit on hands since we are at all-time highs and wait for more weight-of-evidence.
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