Just updating before the US session gets going.
We have Flash PMI data today, so probably going to get a bit of movement.
There is a lot of volumes above, these guys want to get filled, maybe they are closing out the longs before the weekend, we have to wait and see. Not personally thinking it is new sell orders into the market as we're basically in the middle of a range, rather than the top of a market.
I am mindful that inflation worries are still prevalent and will have an effect on the Nasdaq if the US10 year yields rise.
We have Flash PMI data today, so probably going to get a bit of movement.
There is a lot of volumes above, these guys want to get filled, maybe they are closing out the longs before the weekend, we have to wait and see. Not personally thinking it is new sell orders into the market as we're basically in the middle of a range, rather than the top of a market.
I am mindful that inflation worries are still prevalent and will have an effect on the Nasdaq if the US10 year yields rise.
Comment:
high probability reversal
Comment:
We got the reversal, but it couldn't get back inside the IB
Going to plan B, gap fill lower
Going to plan B, gap fill lower
