I'm certainly not a person to take financial advice from.
But today I noticed something in morning futures trading that concerned me.
A news release on bio & tech caused about 5 minutes of extreme volatility and a test / rejection of 4712.
My thoughts are that with Fed Bond purchases this morning at 10am there might be additional volatility for the indexes and a retest of yesterdays -/+ gamma flip levels.
Not Financial Advice. A 007 trading journal.
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jumped back in long at 4685. will use it as my LIS for short/long position today.
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really good support at 4685. watching to see if that flips to resistance for a short position, otherwise long up to 4695.
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and pivot. this is like dancing. I love rhythmic trading. see if 4685 proves resistance for a move lower now.
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1 step back. 2 steps forward. Add some music and it makes trading very entertaining.
@JoeChampion, no problem. trade safe... I used TLT for my primary indicator this morning for direction. seems to have settled at 148.70, but if sells more, expect more volatility until fed is done.