No trading room today – banks are closed and settlement will hold up your trading margins.
As I look at the morning, our trading levels from yesterday’s blog look fine holding as the same, with the NQ_F trying to rise above frontline support.
Remember when you watch the charts and price levels – think to yourself- what are the traders doing here with this price- what have they just accomplished, what are they trying to do, and what stands in their way. Once you do that, you would have accomplished the “ORIENT’ phase of the OODA loop, and you will know what to do.
Good luck and to all the veterans out there, Happy Veterans Day and thank you so much for your service to our country.
See you all tomorrow