Recap After a significant 4-day trend to the upside, we've entered a period of chop and correction. The ES spent the majority of the session pinned around the 4515 level, punishing over-traders with a late-day dip. After a 180-point rally in the last week of August, ES is now setting up its next move. Market Outlook: Neutral The Markets Overnight 🌏 Asia:...
Recap August concluded with a remarkable five-day high streak in ES, marking about 150 points of total upside. Following this impressive rally, the market spent the rest of the week mainly in the range between 4540-4515. Friday's session was particularly messy, as predicted, due to the final session before a holiday weekend and NFP announcement on Friday...
Recap The trading week so far has been marked by a powerful rally, with four massive green days in a row. We've retraced 60% of the selloff that took bears the entire month of August in just four days. The combination of failed breakdowns and runners has proven incredibly effective, leading to the largest gain of 2023 for me in terms of points. Market Outlook:...