“The price of anything is the amount of life you exchange for it.” – Henry David Thoreau
So far, the levels we discussed in our latest Weekly Outlook Video are working > YM failed at that 50DMA, ES at that 2800 and NQ at our primary target into the 7210s. In terms of the Bonds, as expected, they are trying gt bounce into FOMC and the DXY remains heavy.
As we have already discussed in various occasions, broadly speaking, we are still chopping around in these ranges so there is very little to add to what we have been discussing and reviewing. As much as this kind of action may be frustrating to the die-hard bears or bulls, active traders really can’t complain. We are getting very tradable intraday ranges and even if some of these moves have been tricky, markets are moving and keep on offering plenty of opportunity.
Going into today it’s all and only about one thing: follow-through.
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.