Greetings everyone, the only major news events we have today are manufacturing and services PMI at 09:45 EST / 14:45 GMT.
Brief recap of yesterday - Closed our 4031 longs from Tuesday the 13th yesterday at around 4077, ahead of FOMC. 4031 provided a 20 point bounce shortly after the rate decision was released. We then traded into 3997 ( 5 points higher than my level 3992 ) and proceeded to bounce over 70 points.
3992 did provide a brief 10 points relief rally in the early hours of today but it was fairly brief and didn’t last long.
- $ES_F
My levels have changed quite a bit. Even though I think 3992 and 4031 will remain key, I will focus more primarily on 4135 and 3933-3936 below.
My plan is simple
Look to short 4135 and/or 4031 and look to long the 3933-36 region below. I will be playing 4031 very cautiously due to the amount of volume traded around the area overnight. My pivot for any move up is 3992.
- $CL_F
My levels on crude are 71.65 and 79.10. I won’t be trading this at all today.
- $NQ_F
I have 11940 and 11586 on $NQ. I rarely trade this product and require extensive confirmation before entering.
Good Luck !
-Fader ✌️
Disclaimer - All content should be used for education purposes only and is NOT in anyway financial advice. I am not a licensed financial advisor and nothing I say or post should be taken as financial advice. Futures trading as well as stock trading is extremely risky and always involves the risk of capital losses.
Thanks fade. I always feel much more comfortable trading when I see a notification from you pop up to tell me I’m on to something or to tell me not to screw it up
Good work Bro .. but levels on Gold missing ?