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 consolidate in the prior days range.
Pre-Market Price action also followed overnight price action and was showing no evidence of changes, however both timeframes are showing flag patterns after the M-pattern.
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Price action gave us a weak 1-minute reversal setup closing below the opening bell, and in a series of setups, both had no follow thru so we closed them both immediately with less than 1 point loss on each, hence keeping our losses small.