Today’s Thoughts
After a nice rebound in the markets yesterday and out of the gates today, we ended up rolling back over and closing incredibly weak. In fact, all 3 indices are trending down.
It’s quite confusing. Is the right thing to do to start buying stuff against previous day’s low, or just do the simple thing and take things out short on a weak close? That is the dilemma that we are all faced with… anyways, what are you doing? Reply to this email letting me know!
INDICES READING:
>=2/3 indices are trending up = Focusing on overnight longs
>=2/3 indices are trending down = Focusing on overnight shorts
>=2/3 indices are range bound = No overnight trading
*Highlighted bold is where we are at in the market.
*Documentation explaining what this reading is and my overnight momentum trading system: Click Here
OVERNIGHT MOMO SCANS:
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