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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Pre-market Economic news and reports…
Markets continue to be choppy with overnight price action consolidated near the prior day’s high. Price action opened and a second day, momentum was very sporadic with no direction.
Notice price action similar to yesterday, was inside the prior day’s range in the upper 1/3rd, so the weight of evidence is very conflicting!
Higher time frames in mini market cycle phase 2, so decided to sit on hands.
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