11/30 Summary
What a day? Powell infused squeeze and FOMO
Hello traders, hope you killed it today. we had slightly better day then last two days but left with lot of FOMO as we cut our long runner earlier in hope to reload but reload opportunity never came. Last few days conditioned lot of folks to fade bounces, thankfully we did not fade as my LIS was 3990 and it worked very well as we were short on spike after Powell from 3980 which gave us enough points for the day and then went long against 3990. We did cut that long as we retraced from 4014 level as I expected market to pause and give reload opportunity which never came. Oh well.
We gave following levels for Globex.
3960, 3988/90,4007 3925
Started day with twitter spaces audio on for ADP, and stayed till 9 am there. Then again went on audio from open till home sales at 10 am. But market did n’t move during that time so it was evident that market was waiting for Powell. And it indeed was.
Levels to watch 4080, 4045 below and 4115 above.
Will do more substack as time permits. You can subscribe to paid twitter here.
