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 was showing evidence of bouncing off the lows from Friday’s price action.
Pre-Market Price action starting to trend lower heading into the opening bell.
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With price action below the opening bell and a simple chart pattern, we took a marker lot position SHORT and with no follow thru, we closed the trade with a small loss 1.5+ points.