Trade Inflection Trading from the trenches Pre Open 8th of March
HI All
Well things are starting to finally crack Oil & Metals are really flying now. CDS and Russian Bonds are affecting Euro Banks and that tail spun into equities yesterday. Interestingly still no new low on the ES. Overnight it hit 4138 and due to the ECB suggesting a new round of Bond Issuance markets are basically back to 4212 which was a previous low. As always lows are in the dark i.e. overnight …. Very orderly sell off yesterday no capitulation in US markets yet. Dax and FTSE major panic on the open but now holding relatively solid off the lows.
Yesterday I gave one level in the room long above and short below 4306 . It proved to be the dividing line.
Today
For today I will trust my 3200 Tick chart as I do every day.
Bull Bear will be 4212 above 26 47 61 80 below 190 180 168 135
With breakouts being 4226/4138 So maintain positive bias above 212 and negative below 212. As a reminder we are under 260 so Bulls have a lot to do!
As a reminder here is the big level tree. Todays levels will be the following.
Keep an eye on the 6 hour chart as it has popped above its down trend line
Yesterdays trades in the room
Short ES 17 out +11
Short Dax 113110 out +70
Long 67 stopped -3
Long 55 out 66 +11
Short 49 out 38 +11
Long 19 stopped -3
Total ES +27 and + 70 DAX on the day
7 Day Free trail to the Discord Room invite
Cheers TI