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Prices rallied overnight and into the early morning, right up until the consumer sentiment reports came out at 9 AM CST, when they suddenly turned lower and more mixed. The rally left
Watch as I spend about 30 minutes following the price action and searching for a live trade to take. I talk about what I am looking for and what I am looking
The market remains very oversold, but so far, it only looks as if we are seeing more consolidation, which means possible acceptance of prices at this level. We need to see some
It appeared as if prices were finally going to rally a bit this morning, only to turn lower again after the CPI news came out at 7:30 AM CST. That news sent
Prices appear to be in both a range and a larger down channel at the same time for now. One of these patterns will win out at some point, so it is
This is a live trade that I took this morning in the ES. It was during the large downtrend. The trade was a 2nd entry short and a triple test as well.
Prices continue to trend lower this morning. There are no major news items today, so nothing to create any sudden surprises. That does not mean that the market will not still surprise
Today looks to be mixed with a bearish tone so far. The unemployment news this morning set off some temporary fireworks, but prices took it all back plus some in only minutes.
Today is more of the same. Early selling that finds a bottom and then rallies. Prices continue to be extremely oversold. It is time for a rally, but prices struggle to hold
Prices are mixed and choppy so far, but there still seems to be more of a bias to the downside than to the up. I would call this a range for now,