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 consolidated in the prior day’s range and is in the upper 1/3rd of the range.
With price action over multiple days being in a strong market cycle phase 2 uptrend, we continue to watch for any evidence of weakness and using the market cycle analysis, and eventually transitioning to phase 3 and then phase 4.
Pre-market price action slowly moving with overlapping candlestick bars heading into the opening bell.
|Sorry, you do not have access to this content.|
Took a LONG position once price action showed evidence of an uptrend on the 1-minute charts and we took 2+ points profit.