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.
Today, overnight price action was showing extremely strong momentum and rallying above the prior day’s high (i.e., notice that price action broke a 4-day upper boundary of resistance).
With Price action continuing to show strong momentum on more economic news in pre-market, we watched our ES 5 Minute Complete rules and Market Cycle Analysis conditions for more evidence of setups LONGs
More Major economic news released in pre-market today…
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First trade ended as a breakeven trade today since there was no follow-thru.