Today’s Trade Strategy will be short. Markets are consolidating recent surprise Fed move to hold QE purchases steady at $85B per month.
Current support is prior day low and Globex low at 1713.25…Violation of this level calls for lower levels to be tested: 1710-1712 zone, which was highlighted in yesterday’s session. Any further selling beyond this zone could push price down to 1707-09, which is 3D CPZ.
Initial resistance resides between 1718-20 zone. Penetration of this zone suggests 1721.50-24 zone to be retested.
Good Trading … David
Habitude One
I am ready to trade. My patterns are verified. My homework is complete. My mind is clear. I have rehearsed everything. I am prepared strategically, emotionally, and financially each and every day.