US100
- LONG OPPORTUNITY / BREAKOUT Fundamental: Nasdaq is currently up leading into earnings. Expecting continued growth and a lower PPI data result which will benefit the continued growth of the Nasdaq.
Technical Analysis: Market is currently ranging/consolidating on the shorter timeframe until PPI data drops. This is expected on big new releases.
Trend: Market is currently on a continued up-trend looking to make higher highs. Only long trades are valid.
Strategy: Waiting for PPI data to drop before entering for breakout trade on the 3/5 minute timeframe to the long side. Stop loss just below previous low within the range. Risking 1% of the account size.
Let me know if you agree and what your expectations are for the day. ๐๐ฐ