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.
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Overnight price action continued the sideways consolidation inside the prior day’s range and around the 20MA as the markets gear up in anticipation of the FOMC results. Price action continued to remain in the vicinity of the all-time highs during after-hours and overnight. Pre-market momentum moved lower below the prior day’s low area and the 20MA.
After the opening bell, price action continued the pre-market mini market cycle phase 2 uptrend and we took an ultra-aggressive LONG trade and captured 2.0+ points.
Mini Market Cycles Analysis
Normally we go for at least $400 profit, but today was extremely choppy market conditions.
Why is $400+ the magic number every day?
Because with discipline and focus every day, you compound your profits and start making $2,000+ every week or $100,000 after 50+ weeks. So every day…follow us and start your journey towards making $400+ every day.