Monday is what I use as a baseline for the week. I don't trade Mondays.
Here are the important levels I am watching for the week.
We are at a critical point and could see many surprises.
However I would like to see price not go higher than the two dashed red lines near the center, for some further retracement. there is a Daily FVG just above the first one.
Any time we get a pullback it makes a run higher stronger.
I prefer to trade with strength, not in choppy iffy conditions.
There is a possibility, as I discussed last week that we may see new lows.
But price has to go up before it can go down, and vice versa. premium and discount of a range, et.
There's a lot of world events right now that could impact market behavior as well as red folder news on the economic calendar.
Keep an eye on oil, gold and the DXY.
Have a great week everyone!
Here are the important levels I am watching for the week.
We are at a critical point and could see many surprises.
However I would like to see price not go higher than the two dashed red lines near the center, for some further retracement. there is a Daily FVG just above the first one.
Any time we get a pullback it makes a run higher stronger.
I prefer to trade with strength, not in choppy iffy conditions.
There is a possibility, as I discussed last week that we may see new lows.
But price has to go up before it can go down, and vice versa. premium and discount of a range, et.
There's a lot of world events right now that could impact market behavior as well as red folder news on the economic calendar.
Keep an eye on oil, gold and the DXY.
Have a great week everyone!
As you can see we have had a bearish Globex session, if you used the bias technique I shared this will not have been a surprise for you.
I sincerely hope it helps improve your trading.
You may also want to employ that on DXY for an inverse correlation to NQ & ES.
Good luck this week
Stay green my friends!