Updated
US100 Overnight Liquidity - Gap and Go?
Just updating before the US session gets going.
We have Flash PMI data today, so probably going to get a bit of movement.
There is a lot of volumes above, these guys want to get filled, maybe they are closing out the longs before the weekend, we have to wait and see. Not personally thinking it is new sell orders into the market as we're basically in the middle of a range, rather than the top of a market.
I am mindful that inflation worries are still prevalent and will have an effect on the Nasdaq if the US10 year yields rise.
We have Flash PMI data today, so probably going to get a bit of movement.
There is a lot of volumes above, these guys want to get filled, maybe they are closing out the longs before the weekend, we have to wait and see. Not personally thinking it is new sell orders into the market as we're basically in the middle of a range, rather than the top of a market.
I am mindful that inflation worries are still prevalent and will have an effect on the Nasdaq if the US10 year yields rise.
Note
Note
We got the reversal, but it couldn't get back inside the IBGoing to plan B, gap fill lower
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.