Market Update | Trade Ideas

GU just cleaned up that second SP 👌 Also bounced perfectly from it. Loving these TPO levels.

Support is that 2025 trend line in the same area. Just remember that the DXY appears to have closed above the 97.70 area last week. A sweep of those poor highs from last week could make for an interesting short depending on how the DXY looks at the time.

Just watching for now.

Over the weekend I said that poor low on EU probably gets taken. Didn't take long.

Messy PA right now though. Still in half of my short from a couple of weeks ago. Nothing new to do right now IMO.

Still watching the S&P. Closed the weekend gap and showing strength toward that 6,283 BSSP. Things could get interesting with US CPI on Tuesday.

As of now, a quick push into 6,280 would be appealing for a short. No doubt counter trend, but Thursday's failed break and the risk/reward are appealing.

This is a fluid situation and will depend on how things look if/when 6,280 is tested, including 4h and daily closing prices. Please don't assume I'll short from this area regardless.

No rush. Just letting the market do its thing. If I have to get in a bit lower following the retest to help confirm things, so be it. I'd rather that than rush into a trade and get caught on the wrong side of things.