Hello Everyone,
Tuesday's Comments:
Today's Theme: Risk Off on most all assets with USD and Yields higher. Tomorrow, we have both the QRA (allocations) and FOMC so expect more volatility.
ES Levels posted in trading community but broadly speaking watch support zone 5030-50 with resistance 5095/5100 then 5120.
Wednesday Comments:
Today we saw the SPX/QQQ/IWM come into their respective demand zones. Initially they held support and based prior to ramping all the way up to fresh supply zones which was faded hard (round trip) back to demand and now exhibiting coils (lower highs and higher lows as energy builds).
Wild session as per FOMC. The ES levels from last night were pretty damn good. (ES 5038-5126 range)
Support zone for ES 5010-5050 with 5100-5130 topside broadly speaking.
Please take a moment to look at the trade ideas.
