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 showed strong after-hours momentum and continued to consolidate near the prior day’s high.
Price action then started to form a flag pattern heading into the opening bell.
Pre-market Price action was already in the upper 1/3 of the prior days range.
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The initial ultra-aggressive setup from the 1-minute chart rallied fast for 2+ points profit.