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 consolidated below the prior days low and pre-market price action continue to show weakness.
Markets continue to be range-bound over multiple days with multiple mini market cycles.
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Price action moves in our favor below the opening bell and after a small flag pattern on the 1-minute chart and in a matter of less than 5 minutes we get 2+ points profit.