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 to rally above the prior day’s highs and eventually find some minor resistance.
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 downward with lower highs and lower lows with overlapping candlestick bars heading into the opening bell.
|Sorry, you do not have access to this content.|
Price action is very choppy so we are sitting on hands today.