With the reports of internal opposition in the white house and among the advisers about the "new phase-1 agreement" which is rolling back the "last new phase-1 agreement announced in October" (yes, October, 2019), investors seem tired of looking for a direction on the markets. The bulls seem to be listless and confused by the bulls... of the politicians (or, the one politician who seems to be the know-it-all don't-need-anyone's-advice and need-no-principles-or-ideology-behind-my-policy "master") driving the financial markets for so long!
As has been our stand post-FOMC, "Until clarity emerges on the directional bias, markets are likely to continue to be driven by shallow headlines void of details" - and, we are seeing yet another day just proving that same thing. 3040-3085 is still the broad range to be broken out of in either direction. Read below to check out our models' trading plans for the day.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
( iii ) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
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