Trade Inflection Trading from the trenches Pre Open 9th of March
HI All
Ok as it stands this morning markets are in risk on mode. Dax up 5% FTSE 2% and ES futures 2%. Russia has pledged to maintain a day of silence … what ever that means but bulls are optimistic this could lead to some sort of ceasefire and of course markets have sold off heavily so some bargains are around. The rates commodities and DXY have all come off so that is in tune.
Yesterday I gave one level in the room long above and short below 4212 . It proved to be the dividing line. It was an extreme day with 200 points of intra day moves which is to be honest my kind of market, which is why we smashed it in the room.
Today
For today I will trust my 3200 Tick chart as I do every day. If we break 275
Bulls might go for it at least to 300 note we have ECB tomorrow so some front running looks in order today.
Bull Bear will be 4242 above 53 75 80 308 334 below 30 212 200 180 164 157 140 100
With breakouts being 4212/242 So maintain positive bias above 242 and negative below 212. As a reminder we are under 260 so Bulls still have a lot to do!
As a reminder here is the big level tree. Todays levels will be the following.
Yesterdays trades in the room
Long ES 99 -9
Long 62 +14
Short 82 +7
Long 79 + 4
Long 69 +15 half +1/4 +30 +1/4 +43 + 27
Short 55 +6
Short 17 -4
Short 30 +15
Long 89 -4
Long 81 +9
Short 80 + 12
Sort 90 +22
Total ES +98
7 Day Free trail to the Discord Room invite
Cheers TI