Great long oportunities in Equities
Keeping perspective will help us take a reasonable trade that might last a couple of days.
We are trading between two ranges but "conceptually" we are trading above the lower range of ES!
Yesterday (10 January) was crucial! traders interpreted the late Monday selloff as a bearish sign and kept selling the market without realizing that big hands were just buying any pullback.
The gave up late into the session which resulted in a rally.
Remember: there is no hurry to buy now, last Friday NFP data has already been discounted and trader already positioned themselves.
Now let's see tomorrow inflation data.... but it's wise to keep a long bias and avoid being shaken out by the market
We are trading between two ranges but "conceptually" we are trading above the lower range of ES!
Yesterday (10 January) was crucial! traders interpreted the late Monday selloff as a bearish sign and kept selling the market without realizing that big hands were just buying any pullback.
The gave up late into the session which resulted in a rally.
Remember: there is no hurry to buy now, last Friday NFP data has already been discounted and trader already positioned themselves.
Now let's see tomorrow inflation data.... but it's wise to keep a long bias and avoid being shaken out by the market
Fulltime trader since 2018.
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