Good morning traders!
Hope everyone had a great session yesterday and got some rest for todays trading.
Unfortunately Emini never traded down to 4103 and dip was bought around 4120s. So this bounce that was expected, was completely missed and by the open we were already trading up to 4131 long target. As we moved higher, I noted inside the telegram that 4152 was an area of interest for shorts in the previous session and may appear again. This level was shortly defended but not long after hit stop at 4160 for -8 handles. Not a way to start the day especially after sitting on hands for 3 hours. The moment we began to break above these sellers (4152-4160) it was clear as day a trend day was in play. I jumped in long 4163 with updates sent out also in the telegram. In no time Emini continued higher into the close, but not quite to 4192 as I hoped for. From-8 handles to finishing the session taking off the longs 4175 & 4172 into the close. Here is some updates sent out yesterday and what to expect on a daily basis
Events
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Earnings
Bank earnings came out this morning with 3 stocks that have been deployed for a moon landing.
JPM 0.00%↑ - WFC 0.00%↑ - BLK 0.00%↑
Value Areas
4095 - 4192 / POC 4177
3880 - 4048 / POC 3951
3823 - 3878 / POC 3862
