The market has spent the last week trying to cross the resistance levels. Pre-market the ES rolled over based on China's Tarif news. There is also the anticipation of Powel's speech at 10AM and him saying either nothing or not confirming future rate cuts. There are also two gaps below that need to be filled.
Trade active:
Thank you President Trump. His tweet just broke the market and I'm now very much in the positive.
Trade active:
That first gap has been filled and it is heading towards the second gap.
Trade active:
second gap filled. I'm now contemplating taking profits or letting it ride until Monday.
Trade closed: target reached:
Closed my two open positions for a 2% and 3.9% gain.
