“The psychologist Gerd Gigerenzer has a simple heuristic. Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference” – Nassim Nicholas Taleb

We got some very nice intraday action yesterday across the board. As expected, the cleanest opportunity in terms of location, technicals and context was around the 7k level on NQ for a retest of previous day lows and thanks to Powell, very similar setups triggered on YM and ES too with failures at previous day highs. The focus now is going to be on how we trade into month and and if we can get some follow-through.

As we have been discussing, other points of interest will be: indices in Asia and Europe (they have been holding heavy), DXY momo (crucial for current moves to stick) and CL on EIA today (key weekly level).

Here are soe of the charts we will be going through today:

If you are interested in the Foundational Webinar Series > New Session.

As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

Wishing you a great day ahead.