1. We are expecting another bearish day. We have seen a bearish close below the cloud. Since we like trading with the trend any entry that presents it self to the short side I would take.
2. We have jobless claims at 8:30am this will most likely create a prime trading opportunity so be on the lookout for that.
3. As usual we will continue to trade with the trend and look for price action at our S/R levels.
4.One thing to note is that the TRIN closed > 1.5 this is a trade that Hubert Senters often promotes. This requires wider stops. This will be interesting b/c its a fade move so we will wait till the late evening and make an assessment if this trade setup seems viable.
Notable new releases:
1. Jobless claims 8:30am
2.PMI Manufacturing Flash Index 8:58am
No comments:
Post a Comment