Read US weekly report 10th November…
Expectation markets are heading lower….
Day traders: - Risk levels in both US markets are the 5-day lows…
DOW support 12993:- if below expectation that it’s heading down into the next 5-day lows and same applies with ES….
Expectation markets are heading lower….
Day traders: - Risk levels in both US markets are the 5-day lows…
DOW support 12993:- if below expectation that it’s heading down into the next 5-day lows and same applies with ES….
ES support 1442
I do expect a counter-trend move in US markets upwards this week, but at this stage intra-day cycles are still a ‘sell’ and Day-traders should use the previous 5-day lows as Risk levels for Monday’s trading..
No major trading set-up for Monday’s trading other than trading on the side of Risk, and look for 95 point swings in the market for trading exits in the DOW....
I do expect a counter-trend move in US markets upwards this week, but at this stage intra-day cycles are still a ‘sell’ and Day-traders should use the previous 5-day lows as Risk levels for Monday’s trading..
No major trading set-up for Monday’s trading other than trading on the side of Risk, and look for 95 point swings in the market for trading exits in the DOW....
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