Good morning traders!
Hope everyone had a great day yesterday and most of all learned something.
Missing out on longs in the AM wasn’t an easy decision but it for sure paid off.
Quite a brutal session for the ones not expecting any selling to occur and most of all the ones that fell for the end of day rally aka “soft landing”
Yesterdays Recap
There wasn’t much reason to send out too many updates in the telegram but let me share a few that stood out.
Once I pulled levels for the Daily Plan something was off. $DXY wasn’t dropping lower as S&P was making new highs. Keeping this thought I had strong confidence that NFP + Unemployment would once again stuff price. This blossomed to be a tremendous call as we shaved nearly 70 handles from these highs!
I then gave insights into the WHY the CPI report was short term bullish, nothing more.
Now looking back as most get up this morning they will see we have taken out lows from the CPI print.
