Good morning traders!
Patience, patience, patience, what a way for the session to pan out.
After waiting nearly all session for 4164 short, emini finally collapsed lower hitting both targets given inside the telegram, see below.
Short was activated while also providing LIS. We saw a push higher up to 4172 but never touching LIS. The long awaited sell started and before we knew it, emini cracked below 4164 unleashing selloff.
The goal recently has been to push as least amount of updates as possible while having no confusion inside the room. Overtime this will improve but I think from telegram launch to now, there has been far more clarity. Keeping it simple and focusing on levels will help all traders keep a level head and focus on what matters in the session. From here, targets were hit bringing another green session keeping the streak going!
As you can expect the same updates will be provided today along with every session.
Events
PMI 0945 EDT
The Purchasing Managers' Index (PMI) is an index that measures the performance of the manufacturing sector. It is released by the Institute for Supply Management (ISM) on a monthly basis. The PMI is an important economic indicator as it reflects the overall health of the manufacturing sector and provides an indication of future economic activity.Earnings
Value Areas
4095 - 4192 / POC 4177
3880 - 4048 / POC 3951
3823 - 3878 / POC 3862
