A busy economic calendar does not mean we can’t daytrade, just that we have to be aware of what the market is preparing for. CPI before the bell will set the tone on the open and Powell then takes over Wednesday and Thursday.
There are several pullback setup zones in NIO. I go over a 5 minute trigger in this video also.
Good week by stocks, things remain wildly bullish and wildly extended… there’s a signal that next week the market may want to rotate back to inflation stocks. Let’s review the signal.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Intraday traders who watch the daily, will see that once the NASDAQ traded above the prior session and 14710, the bulls were in charge.
A review of this morning’s daytrades as well as our crude oil buy and metals 123 patterns.
