Looks like an uptrend day so far, I'm just not sure so no actions.
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The red line each day is the Point of Control from the volume profile. We are backing and filling. The DI ADX indicator system in box 2 shows no solid trend and chop for now. The 10:30 ramp was on time and strong today. We will see what happens after the European close in 20 minutes. Normally that is a major trend change time.
volume anemic. suspect more of a pullback b4 resuming uptrend. good support at 2840ish/18 day. maybe start with minutes later today into powell speech friday.
I keep forgetting to say on the 15 minute equivalent chart, (10,000 ticks) those horizontal gray zones are a type of pivot points called Jackson zones.
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Lifeguards are saying start getting out of the pool just in case.
Should be a non-event carefully orchestrated to reinforce the message to be delivered on Friday. I assume the message to be that they have a firm hand on the tiller and will stay their course until serious storms or reefs appear, and an angry President is neither. Some would say it is a ship of fools and I often agree but who would you get to replace them? The house Finance committee. Secretary Munchkin. Oh I just threw up a little!
Trades with cats wrote:Some would say it is a ship of fools and I often agree but who would you get to replace them? The house Finance committee. Secretary Munchkin. Oh I just threw up a little!
Patrick Chinamasa, acting Finance Minister of Zimbabwe? He is use to working with big numbers!
hopefully a double top here. I won't trade on it though.
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