Hello Everyone,
Quick comments: Nice follow thru form yesterday's reversal - we expected a pullback today to be bought following 5 waves up (and a break in short term symmetry) and that's what unfolded today. NOW, we are nearing a point of inflection on the charts with price reverting back up towards the MAs. Tomorrow, we have the CPI data and what's important is the reaction to the news. I will discuss in more detail in tonight's newsletter. Lastly, we managed to catch a few nice new trades (to go along with some other runners) from Sunday/Monday setups.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 10-12 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number. Lastly, it's best to wait at times for valid setups to form - sometimes less is more.
Please take a moment to look at the trade ideas.
