DXY stalls at trendline level from earlier call outs 93.35 does it pause .. for a couple days.. or maybe 200d SMA retest.. or stays tight and goes again?
FT71's primary scenario for today, all in ES. 2674, then 2670 then impulsive up to 2682.75 possible second move to 2690.25 93 range.
Finally getting the drop to 74 then 70.
Trades with cats wrote:FT71's primary scenario for today, all in ES. 2674, then 2670 then impulsive up to 2682.75 possible second move to 2690.25 93 range.
Finally getting the drop to 74 then 70.
2670 ES = approx 266.92 SPY
2682.75 ES = approx 268.16 SPY
This is NOT an impulsive up move. Pausing at VWAP is not a sign of strength in my book. European time zone traders going home without much to show for the day as volume profile heavily biased to the US opening print level a full point above VWAP. Yes that was a sarcastic sneer in my voice!
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from Alistair Willianson on Twitter
He sort of nailed my thoughts that this was a mini version of Friday triggered when we got to the area of Monday's highs.