Today’s Trade Strategy will be short…Market’s are consolidating recent surprise Fed move to hold QE purchases steady at $85B per month.
Current support is prior day low and globex low at 1713.25…Violation of this level calls for lower levels to be tested…1710 – 1712 zone which was highlighted in yesterday’s session. Any further selling beyond this zone could push price down to 1707 – 09 which is 3D CPZ.
Initial resistance resides between 1718 – 20 zone…Penetration of this zone suggests 1721.50 – 24 zone to be re-tested.
I am ready to trade. My patterns are verified. My homework is complete. My mind is clear. I have rehearsed everything. I am prepared strategically, emotionally, and financially each and every day