Pre-open Scenarios The corrective action continues and just like the last sequence, the market is breaking the TL that supports the corrective action, then making an

Today was election day in the US. The day’s trade was about the D1 TL that was supporting the D1 Corrective retrace. I wasn’t trading today

Pre-open Scenarios A corrective up trend is forming to retrace the October declines so I am on the look out for a break of the TL

I didn’t trade on this day but here’s a summary of what happened. Overall picture Today was NFP day and the usual idea is that we

Pre-open Scenarios The market was forming a rising wedge and as long as the lower TL containing the wedge held, we will see more gains. It

Pre-open scenarios It was clear from the charts last night that we were approaching the upper side the daily channel that had contained the most recent

Pre-open scenrios The pre-futures open you can see that there are obvious scenarios for today were: the market can continue to compress – probably making false