Trading News:
- PPI (Producer Price Manufacturing Index) came out -0.1% vs its 0.3% forecasted number, suggesting lower cost of manufacturing and inflation.
ES:
- Stocks caught a bid from this number as investors use this as a "lock" for FED rate cuts and a higher chance for a 2nd cut before the end of the year.
- Over the last 6 months, when the price is expected to open above yesterday's high, the price has a 74% chance of pulling back and hitting yesterday's high. This gives traders an idea for a possible open short OR wait for a pullback back into the previous ATH/Support level and wait for confirmation.
- Over the last 6 months, if the first 1hr of the NY session is "green" then 75% of the time price will close green for the day. The same is true for the first 1hr candle of the NY session is "red" then 75% chance of day being red.
- Over the last 6 months, Wednesdays have held the highest chance of a "green day", sitting at 69% chance.
- Overall, I remain bullish on this market and would not consider shorting this market at this point—aggressive RB break-out level around the 6540 level on the 5-minute TF. Traders can also wait for price to pullback to this level and wait for confirmation.
- PPI (Producer Price Manufacturing Index) came out -0.1% vs its 0.3% forecasted number, suggesting lower cost of manufacturing and inflation.
ES:
- Stocks caught a bid from this number as investors use this as a "lock" for FED rate cuts and a higher chance for a 2nd cut before the end of the year.
- Over the last 6 months, when the price is expected to open above yesterday's high, the price has a 74% chance of pulling back and hitting yesterday's high. This gives traders an idea for a possible open short OR wait for a pullback back into the previous ATH/Support level and wait for confirmation.
- Over the last 6 months, if the first 1hr of the NY session is "green" then 75% of the time price will close green for the day. The same is true for the first 1hr candle of the NY session is "red" then 75% chance of day being red.
- Over the last 6 months, Wednesdays have held the highest chance of a "green day", sitting at 69% chance.
- Overall, I remain bullish on this market and would not consider shorting this market at this point—aggressive RB break-out level around the 6540 level on the 5-minute TF. Traders can also wait for price to pullback to this level and wait for confirmation.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.