Chart of the Day

“My lesson from Soros is to start every meeting at my boutique by convincing everyone that we are a bunch of idiots who know nothing and are mistake-prone, but happen to be endowed with the rare privilege of knowing it.” – Nassim Nicholas Taleb

Most will be focused on daily action around the 50DMA across the board as most charts are hovering around key inflection points. Sadly, shorter-term, technicals may need to take a bit of a backseat as action will likely continue to be dictated by headline risk.
As previously discussed, in terms of intraday action, we would continue to keep a very close eye on how credit and oil are trading (with and without headlines).
Our current view and thinking is highlighted in the latest Weekly Outlook Video.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.

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