Greetings everyone, the only major news events we have today are manufacturing and services PMI at 09:45 EST / 14:45 GMT. (I put this incorrectly yesterday)
Brief recap - I believed that 3992 would serve as a pivot for any upside move. It capped all bull excursions in the early morning and we dropped quite a bit. I also said I would long 3933 - 3936, this played out twice for fifteen points each! Once 3933 - 3936 broke, it capped all upside movement. This a theme that is still presenting itself as I write this.
- $ES_F
My levels have changed quite a bit. 3933-3936 will serve as my pivot whereas the only other levels I have for today are 3961 and 3889.
My plan is simple
Look to short 3961 and look to long around 3889 below. I will not be trading today. Play the long very cautiously as being long on Friday with a new weekly low is a historically bad precedent.
- $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 11599 on $NQ. I rarely trade this product and require extensive confirmation before entering.
- $GC_F
I have 1799 on $GC. You can look to short around this level. As stated previously, I am not trading today.
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 for posting!! 👍
Thank you for your time and expertise