NQ1!, Inside Day, Be prepared for a Move Tomorrow
An inside day that offered short and long opportunities. Usually, such days are a prelude for volatility spike and range expansion the following day. Be on a look out.
I have adjusted the last box moving up the balance bottom higher. Here is the reason: it would more crucial for the buyers to hold that bottom. As you can see that bottom is a multi day bottom, and a break of the 20 EMA. If the buyers loose it it would be quite bearish.
Neither Econo report made a difference on the price action today. The RTH session ended up with a doji daily candle with a slight bullish skew. If the buyers capitalize on today's gain then my preference is to see the expansion to upside.
Keep in mind, tomorrow is end of the week, quarter, and month. Plus OPEX. All that only adds odds to volatility expansion.
03/28/2019
I have adjusted the last box moving up the balance bottom higher. Here is the reason: it would more crucial for the buyers to hold that bottom. As you can see that bottom is a multi day bottom, and a break of the 20 EMA. If the buyers loose it it would be quite bearish.
Neither Econo report made a difference on the price action today. The RTH session ended up with a doji daily candle with a slight bullish skew. If the buyers capitalize on today's gain then my preference is to see the expansion to upside.
Keep in mind, tomorrow is end of the week, quarter, and month. Plus OPEX. All that only adds odds to volatility expansion.
03/28/2019