Good morning. Lots of bonus info on prep this morning. Visualization arrows are more speculative than usual. I am building multiple "what if" scenarios to help guide me today that I have decided to share.
The multiple premises are complex and have a hierarchy that cannot be explained in prep text. If you cannot follow, good default premise is if AM extension attempt fails look for range 992.25 x 981.50.
I am looking at potential opening short of 995 extension attempt and longs with confirmation around 981.50 and 976.
just broke 992 so this must mean we're heading for your inside range of 992.5 to 981.5, interesting to see if it plays out.
ReplyDeleteBut at 10AM est, PMI came out better than expected and this thing jumped to 996, what we can't forget is the NEWZ! anyway maybe this prep plan will change back to the original bullish bias but man this market moves.
ReplyDeleteOne time speculative support was at 990. It held and I had a confirmed entry there (pump-fake). I did not have the courage to make a bet on my speculative prep this morning. There was no "official zone" at 990 but you can see it on the prep. I had this thing nailed this morning and screwed it up. I do the prep based on my methodology and understanding of the market. It continues to demonstrate that it works very high % of the time but the bets need to be placed. It is a not a good feeling to watch my premise work and not be in it. Next trade for me will likely be 1007.75 if we get there and it will be higher risk and lower rated than if I had taken the original 990 confirmed entry.
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