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 the momentum from Friday with price action approaching the prior days highs and exploding to new highs.
Pre-Market Price action developing a nice flag pattern and holding up with economic news and earnings contributing to it.
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With price action rolling over, we took a marker lot position SHORT, and scaled in quickly. Price action went in our favor and we took 2+ points profit.