Description: Things I'm thinking about tonight.
Points of Interest: Yesterday's value area.
Technical: Poor structure (untested POCs) beneath Monday's overnight. Multiple tests of the $3340 level followed by a break to the upside. Now we are gapping substantially and market may be ahead of itself. Could we see a quick move down (to yesterday's value area or POC) in the morning to correct this? Then continuation?
Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants equally split between bullish and bearish; virus data (if correct) shows the growth in virus cases slowing; trade going in a positive direction; world economy growth has persisted; and so on.
Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Points of Interest: Yesterday's value area.
Technical: Poor structure (untested POCs) beneath Monday's overnight. Multiple tests of the $3340 level followed by a break to the upside. Now we are gapping substantially and market may be ahead of itself. Could we see a quick move down (to yesterday's value area or POC) in the morning to correct this? Then continuation?
Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants equally split between bullish and bearish; virus data (if correct) shows the growth in virus cases slowing; trade going in a positive direction; world economy growth has persisted; and so on.
Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
