Well it held tight today we hit a nice low at 388.42 made a nice V shape recovery. So at least now we know where to watch for. As I type this es1 is at 3888 pretty much retesting the low. The dollar is strong af right now seems like we are the only country doing good and that’s crazy to say with our inflation so high etc. etc. etc. So please be safe this week if you are playing the Powell speech you need to make your move by the end of the day tomorrow because Thursday he starts talking 30 minutes before the open I’m sure he’s going to be hawkish.
AS ALWAYS TRADE WHAT’S IN FRONT OF YOU, I can’t stress this enough block out the noise and stick to your plan, don’t listen to me or anyone just trust yourself especially in these types of markets if you’re not feeling it don’t force it Good Luck
I wish I had more, just watch the downtrend channel we are about to make a big move one way or another. I like confirmation of “2” before I make a move on breaking anything. When I traded stocks 2 red days in a row I was out quick because that’s the start of a downtrend or momentum is gone volatility volume etc.
AS ALWAYS TRADE WHAT’S IN FRONT OF YOU, I can’t stress this enough block out the noise and stick to your plan, don’t listen to me or anyone just trust yourself especially in these types of markets if you’re not feeling it don’t force it Good Luck
I wish I had more, just watch the downtrend channel we are about to make a big move one way or another. I like confirmation of “2” before I make a move on breaking anything. When I traded stocks 2 red days in a row I was out quick because that’s the start of a downtrend or momentum is gone volatility volume etc.
For a bearish dollar use the UDN
So if you don’t have a futures account use them to trade or hold like a stock